Decarbonizing Colombia

Refinancing solar energy for self-consumption.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

Term

months

Risk level

B-

What will you be financing?

Recap is a Swedish organization with over 10 years of experience in renewable energy and energy efficiency projects. This is the first campaign of a series of campaigns aimed at refinancing several solar energy projects in Colombia, with a total investment of two million euros.

This is the third project promoted by the group with Goparity, after launching one successful campaign to fund two solar power plants in Brazil (our first international project) and another to fund two solar power plants for self-consumption in Colombia.

The funds raised through this campaign will be used to fund the following projects:

Lácteos Campo Real

Based in Sotaquirá (Boyacá) Lácteos Campo Real has been in the market for 17 years, producing unique and 100% natural cheeses without preservatives or chemicals. The processes are managed by skilled craftsmen, respecting the raw materials, and preserving the ancestral tradition of cheese making.

The photovoltaic plant was installed over a car park structure, and it is connected to the grid since May 2021. It will have the following characteristics:

Installed capacity: 24 kWp
Estimated yearly production: 36,2 MWh
Yearly CO2 reduction: 14,07 tons (It takes 640 adult trees to absorb this amount annually).
Contract term: 18 years
Installer: Senergysol

CC Nuestro Atlántico

C.C. Nuestro Atlántico is a shopping centre located in the coastal city of Barranquilla in Colombia. The shopping centre opened 4 years ago and has a football court, cinema, fitness space, live music and numerous restaurants and shops.

The photovoltaic plant is connected to the grid since June 2021. It will have the following characteristics:

Installed capacity: 320.40 kWp
Estimated yearly production: 448,9 MWh
Yearly CO2 reduction: 174,6 tons (It takes 7938 adult trees to absorb this amount annually).
Contract term: 20 years
Installer: Solenium

What is the impact?

Direct:

Contribution to the decarbonization in Colombia, avoiding CO2 emission: with a clean energy production of 485,1 MWh per year, both solar installations will avoid the emission of 188,7 tons of CO2 every year. That is equivalent to planting 8.577 trees. The shopping centre Nuestro Atlántico is responsible, alone, for the reduction of emissions equivalent to 7.937 trees.

Indirect:

Promotion of local supply chain: the Lacteos Campo Real produces artisanal cheese made without chemicals and preservatives, strengthening the role of local milk producers and suppliers in the region of Sotaquirá (Boyacá) in Colombia.
Promotion of positive social and environmental impact in the region: the Lacteos Campo Real is a certified BIC company in Colombia – a Benefit and Collective Interest Corporation. This means that the company and its members commit to generating positive social and environmental impact as a core element of the business, beyond profit. They pay special attention to the role of women in the whole supply chain, and the main manager is a woman.
Promotion of a transition towards sustainable and efficient resource use: the installation of a solar plant in a shopping centre Nuestro Atlántico is an example of the applicability of solar power for bigger businesses, setting a benchmark for this segment in Colombia.

Impact indicators
‍

188700

CO2 avoided per year

485100

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
‍

About the Promoter

About

Recap Solar Fund II AB

Direct:

Contribution to the decarbonization in Colombia, avoiding CO2 emission: with a clean energy production of 485,1 MWh per year, both solar installations will avoid the emission of 188,7 tons of CO2 every year. That is equivalent to planting 8.577 trees. The shopping centre Nuestro Atlántico is responsible, alone, for the reduction of emissions equivalent to 7.937 trees.

Indirect:

Promotion of local supply chain: the Lacteos Campo Real produces artisanal cheese made without chemicals and preservatives, strengthening the role of local milk producers and suppliers in the region of Sotaquirá (Boyacá) in Colombia.
Promotion of positive social and environmental impact in the region: the Lacteos Campo Real is a certified BIC company in Colombia – a Benefit and Collective Interest Corporation. This means that the company and its members commit to generating positive social and environmental impact as a core element of the business, beyond profit. They pay special attention to the role of women in the whole supply chain, and the main manager is a woman.
Promotion of a transition towards sustainable and efficient resource use: the installation of a solar plant in a shopping centre Nuestro Atlántico is an example of the applicability of solar power for bigger businesses, setting a benchmark for this segment in Colombia.

Promoter website

https://www.recap.se/

Team
‍

[{"id":16,"promoter_id":180,"name":"Marco Berggren","description":"More than 17 years of experience implementing and financing clean energy projects globally. Responsible for market strategy execution, partnerships and product development.","link":"https://www.linkedin.com/in/marco-berggren-1797784/","role":"Founder & CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/630/c8c/c21/630c8cc211057849493985.png","avatar_id":65277},{"id":17,"promoter_id":180,"name":"William Morales","description":"Mechanical Engineer with extensive experience in leading multidisciplinary teams in areas of energy management from non-conventional sources.","link":"https://www.linkedin.com/in/william-morales-44b04b171/","role":"General Manager - Colombia","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/630/c8c/f9c/630c8cf9c1467920092509.png","avatar_id":65278}]

Business Model
‍

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