Recap Solar Brazil II

Direct:

• Contribution to the decarbonization in Brazil, avoiding CO2 emission: The whole operation is estimated to produce 38,324 kWh of clean and renewable energy per year, avoiding the emission of 15,32 tons of CO2 annually, the equivalent of planting 696 trees.
• Cost reduction for the final clients: the decentralized 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 by 17% for the clients of these projects.
• Support reduction of energy consumption: through providing services for improvements in energy efficiency use, Recap allows the companies to operate more efficiently. The photovoltaic systems are expected to supply around 80% of the client’s energy needs

Indirect

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

The Recap Solar Fund III 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 – 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 and 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 rooftop and ground-mounted solar PVs and has recently signed a pioneer energy storage contract for 3,3 MW.