ReCap Solar Colombia

Direct:

• CO2 emissions reduction: in total both projects will avoid the emission of 47,22 tons off CO2 per year, the equivalent to planting 2.146 trees and to the annual consumption of 31 European households;
• Clean energy production: in total both projects will generate 123 MWh of clean energy per year.

Indirect:

• Raising awareness of sustainable energy: the system installed in the Claretian School will serve as a showcase to students and parents, a real-life example of the functionality and benefits of solar energy.
• Promoting sustainable business: the project developed for Agromonte is an example of the applicability of solar power for agriculture business, and in this case serves as a benchmark to the flower growing business, an important business segment in Colombia.
• Reduction in energy costs: both companies will lower their electricity costs.

The Recap Solar Fund II AB is part of the Recap Energy, an organization with the mission to bridge the gap between institutional capital and profitable clean energy projects globally, contributing to a more sustainable future

Recap was founded in 2010, initially as a consulting firm for sustainable finance. Since then, the company has evolved and started to offer Energy as a Service (EaaS) solutions to C&I clients in 2016.

With a technical team in Tenerife, Recap started the deployment of its EaaS business in Spain, initially focused on the Canary Islands, but soon after also mainland Spain and Portugal.

The expansion did not stop there, as Recap created the Colombian and Nordic (2018), Brazilian (2019), and Indian (2020) subsidiaries offering similar EaaS solutions.

Recap is constantly expanding geographically, in new and established markets, but also broadening the scope of energy and storage technologies and financial options to its clients. 

At the moment, Recap has three women among its shareholders and one woman sitting on the company’s board.

Currently, the total developed capacity by region is:

• Nordics (Sweden) - Ground mounted: 220 MW, Energy storage: 31.5 MW
• Colombia - Ground mounted: 43 MW, C&I / Distributed generation: 20.13 MW
• Spain - Ground mounted: 25 MW, C&I 19.1 MW 
• Brazil - C&I / Distributed generation: 0.49 MW
• India - C&I: 0.05

Currently, Recap has 118 clients in Spain, Portugal, Sweden, India, and Latin America. The rooftop project sizes range from 10 kWp to 5MWp.

The Recap Energy provides customized energy solutions for its clients, which can include electric mobility, energy storage, and energy management systems.

Recap employees 51 people, nine are working in Colombia.