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Confirmed Amount = 99.970 ‚ā¨
Reserved Amount = 30 ‚ā¨

100.000 ‚ā¨


Decarbonizing Colombia XII

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Cundinamarca, Bogot√°..., CO




4 years

a year




Refinancing solar energy for self-consumption.


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

This is the fifth campaign of a series aimed at refinancing 11 solar energy projects in Colombia across Risaralda, Cundinamarca, Antioquia, Bogot√°, Santander, Atl√°ntico, Quind√≠o. See Decarbonizing Colombia VIII, IX,  X, and XI

Recap Energy has financed twelve previous campaigns with GoParity: 

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

Capacity kWp
Pereira (Risaralda)
Transport & logistics
Bogot√° (Cundinamarca)
Manufacturing industry - plastics and metal packaging
Medellín (Antioquia)
Furniture Industry
Bogot√° (Bogot√°)
Plastics package Industry
Bucaramanga (Santander)
Barranquilla (Atl√°ntico, Co)
Hospitals - Clinics
Barranquilla (Atl√°ntico, Co)
Hospital - Clinics
Armenia (Quindío, Co)
Service Station
Barranquilla (Atl√°ntico, Co)
Tematic restaurant
Bogot√° (Cundinamarca, Co)
Bogot√° (Bogot√°, Co)
Industry - Plastics and metal packaging

See the pictures of the locations bellow:





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 174.7 MWh of clean energy per year and avoid the emission of almost 68 tons of CO2 annually. This would be equivalent to planting 3.088 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

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67,95 t

CO2 avoided per year

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MWh clean energy

Sustainable Development Goals

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Financial viability

The funds raised with these campaigns will be used to refinance 11 solar energy projects. The capital that Recap has invested will be used for further expansion in the Colombian market. Long term PPA (power purchase agreement) contracts will be signed between the promoter (Recap Solar Fund AB VI) and the end clients (identified in the table above). The solar panels installation, operation, and management will be performed by local partners under Recap’s supervision. The promoter will also be the owner of the solar panels, as well as the energy producer and trader. A PPA is a long-term agreement, for the purchase and sale of clean energy established between a renewable energy producer (in this case Recap Solar Fund VI AB) and the entity that consumes electricity (in this example, the companies identified in the table above). The companies will therefore reduce their consumption of energy from the national electricity grid substituting it for the energy from the solar systems. In turn, Recap Solar Fund VI AB will sell the energy from 5% to 30% lower than the client’s retail price, depending on the specifics of each project, after the installation of the panels. After an established period, the panels will become the property of the clients. In exchange for the benefits provided by the solar PV system, the client pays Recap Solar Fund VI AB a monthly fee throughout the contract term. The fee is based on the prices charged by the local utility, over which the client is granted a fixed discount. In this sense, the client will always have a benefit from using the energy from the PV system. The energy that cannot be supplied by the PV system is bought from the grid. The fees paid by the client allow Recap to pay back its investors and cover the operations required for the development and management of the project.

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Download Key Investment Information Sheet

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Pledge agreement on ReCap Solar Fund VI AB shares.
Pledge agreement on the shares of ReCap Solar Colombia II SAS Pledge agreement on the credit rights receivable arising from the savings sharing agreement, which will belong to ReCap Solar Colombia II SAS

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 297 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

William Morales

General Manager - Colombia

Mechanical Engineer with extensive experience in leading multidisciplinary teams in areas of energy management from non-conventional sources.

Marco Berggren

Founder & CEO

More than 17 years of experience implementing and financing clean energy projects globally. Responsible for market strategy execution, partnerships and product development.

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


Fiscal country


Operating In

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


Number of Goparity Loans


Women Shareholders




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.

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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 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.