sustainable_energy svg

150.000 ‚ā¨

funded by 771 investors

Decarbonizing Colombia VIII

Location Pin Svg
Cundinamarca, Bogot√°, Atl√°ntico..., CO

instalment

quarterly

term

4 years

a year

7%

rating

B-

Refinancing solar energy for self-consumption.

Description

Recap is a Swedish organisation with over 10 years of experience in renewable energy and energy efficiency projects. 

This campaign is part of a series of campaigns aimed at refinancing 11 solar energy projects in Colombia, across Risaralda, Cundinamarca, Antioquia, Bogot√°, Santander, Atl√°ntico, Quind√≠o. 

This is the tenth campaign promoted by Recap Energy with GoParity, after launching one campaign to fund two solar power plants in Brazil (our first international project), another to refinance two solar power plants for self-consumption in Colombia, and seven more campaigns to refinance 17 solar energy projects: Decarbonizing Colombia IIIIIIIV, V, VI, and VII as part of a two million euros portfolio.

The one million euros to be raised through these new campaigns will be used to refinance the following solar energy projects:  

Location
Client
Sector
Capacity kWp
Pereira (Risaralda)
Transport & logistics
20,00
Bogot√° (Cundinamarca)
Manufacturing industry - plastics and metal packaging
289,50
Medellín (Antioquia)
Furniture Industry
50,00
Bogot√° (Bogot√°)
Plastics package Industry
46,00
Bucaramanga (Santander)
RODIZZIO CUCUTA
Restaurant
44,00
Barranquilla (Atl√°ntico, Co)
Hospitals - Clinics
33,00
Barranquilla (Atl√°ntico, Co)
SALUD SOCIAL
Hospital - Clinics
128,00
Armenia (Quindío, Co)
EDS TEXACO ARMENIA
Service Station
86,00
Barranquilla (Atl√°ntico, Co)
JUPALE
Tematic restaurant
115,00
Bogot√° (Cundinamarca, Co)
Floriculture
126,00
Bogot√° (Bogot√°, Co)
Industry - Plastics and metal packaging
275,00


See the pictures of the locations bellow:

EDS TEXACO ARMENIA



JUPALE




RODIZZIO CUCUTA




SALUD SOCIAL



The Impact

This campaign is one of several to fund the installation of photovoltaic plants in 11 organizations in Colombia 

Direct environmental impact

  • Contribution to the decarbonization in Colombia, avoiding CO2 emission: The whole operation is estimated to produce over 1746 MWh of clean and renewable energy per year, avoiding the emission of 679,5 tons of CO2 annually, the equivalent to planting 30.885 trees. 
    • This campaign will be responsible to fund the production of 262 MWh of clean energy per year and avoid the emission of 101,92 tons of CO2 annually. This would be equivalent to planting 4.633 trees. 
  • Cost reduction for the final clients: the decentralised energy production through renewable sources, close to the consumption site, helps to avoid distribution costs, making this a more competitive option than reverting to the national grid. Furthermore, the decreased dependency of the company on the national grid, makes it less vulnerable to price fluctuations and fiscal charges. It is estimated by Recap that the energy costs are reduced between 5% and 30% for their end-clients in Colombia. 
  • Support reduction of energy consumption: through providing services for improvements in energy efficiency use, Recap allows the companies to operate in a more efficient way, allowing around 50% reduction of energy consumption from the grid. 

Indirect Impact 

  • Promotion of solar decentralized energy: with its Solar Funds, Recap enables smaller organizations of many different sectors to transition to renewable energy sources. Through decentralized photovoltaic centrals, the organizations are less dependent on the national grid and improve the country‚Äôs clean energy consumption participation. 
  • Support local companies: Recap partners with Colombian installers, providing them a financial option to clients interested in installing the solar plants. They ensure the companies are aligned with Recap‚Äôs values and apply screening criteria for the potential clients. Afterwards Recap makes its own financial and credit analysis. 

Impact Indicators

Metrics Svg

101,92 t

CO2 avoided per year

Metrics Svg

262

MWh clean energy

Sustainable Development Goals

7 image
9 image

The Promoter

About Recap Solar Fund VI AB

The Recap Solar Fund Vi is part of Recap Energy AB, an organization founded in 2010 with the mission to provide flexible, customized, and fully financed clean energy solutions to C&I clients.
Since 2016, Recap has been focused on providing solar-based Energy as a Service (EaaS). The company has its headquarters in Stockholm, Sweden, and subsidiaries in Spain (which also serves the Portuguese market), Colombia, Brazil, and India.
Recap has three main business lines:

  • C&I ‚Äď Rooftop Solar: specialized in solar projects for self-consumption.
  • Energy storage with batteries (Battery-as-a-Service): providing a series of benefits for C&I clients, such as peak-shaving, increased available capacity, resilience, and UPS as well as grid services.
  • Development of ground-mounted solar PV installations: and providing corporate PPAs to C&I clients.

The company currently has 40 full-time employees.

Recap has 236 MW developed or under development in both rooftop and ground-mounted solar PVs and has recently signed a pioneering energy storage contract for 2.5 MW.

The team:

Marco Berggren ‚Äď Founder and CEO



William Morales ‚Äď Regional Manager Colombia 

 

Business Model

Recap’s business model is based on sharing the benefits of PV plants with C&I clients. Without any need for investment from the end client, Recap owns, installs, and maintains the solar PV plants. In exchange, the client pays a fee that will always be lower than that of the local utility. The fees paid by the client cover the investments, and operational costs, and provide high and stable returns to investors. The business model was first successfully implemented in Spain. Colombia was the next market and soon after Recap was established in Brazil and India. Currently, Recap also has operations in Sweden and in Portugal (through its Spanish subsidiary).



 

Active since

2022

Fiscal country

SE

Operating In

Brazil, Colombia, India, Portugal, Spain and Sweden.

Industry

Number of GoParity Loans

1

Women Shareholders

Yes

Updates

2022-06-23

100% funded

771 investors successfully raised 150.000‚ā¨

2022-06-17

Open for investment

This campaign will help avoid the emission of 102 tons of CO2 per year

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GoParity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing, both in terms of size and impact generated. We were born in Portugal in 2017, but have since then financed projects and grown a large community of investors all around the world.

Casa do Impacto

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© 2021 GoParity

Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the n¬ļ 8711.