Decarbonizing Colombia XVII

Direct

• Contribution to the decarbonization of Colombia, avoiding CO2 emissions: With a total production of clean energy of over 1124 MWh per year, the solar plant will avoid the emission of about 173 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 7868 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

• 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’s 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’s values and apply screening criteria for the potential clients. Afterwards Recap makes its own financial and credit analysis.

Direct

• Contribution to the decarbonization of Colombia, avoiding CO2 emissions: With a total production of clean energy of over 1124 MWh per year, the solar plant will avoid the emission of about 173 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 7868 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

• 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’s 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’s values and apply screening criteria for the potential clients. Afterwards Recap makes its own financial and credit analysis.