Recap Solar Brazil II

Solar energy for self-consumption for 2 businesses in Florianópolis

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

Term

months

Risk level

B-

What will you be financing?

This is our second campaign for ReCap Solar Brazil. The 30.000€ raised in this campaign will be used to refinance two photovoltaic systems under development which were first financed by Recaps’ own equity.

The first campaign was meant to finance two solar energy projects: one for the first phase of the Multi Shopping facility and one for a football field. Due to a change in the presidency of the football club, the project did not proceed, and the funds were used for phase 2 of the Multi Shopping facility.

This campaign will finance solar energy systems for a movie theater and a restaurant:

Company	Location	Description	Installed capacity	Yearly generation MWh	Term
Cine Multi	Florianópolis	Cinema	17.8 kWp	19,162 kWh	18 years
Costelaria Rio Tavares	Florianópolis	Traditional southern Brazilian restaurant	17.8 kWp	19,162 kWh	18 years

These two projects are located within Multi Open Shopping, in beautiful Florianópolis, a city in the south of Brazil. This commercial complex was inaugurated in 2018 and has over 30 stores and restaurants and 155 office rooms.

Sustainability is one of the founding principles of Multi Open Shopping, visible in projects such as:

Own sewage treatment plant
Rainwater collecting system for cleaning, irrigation, and toilets.
Plastic waste avoidance
And the Movement MULTI Mercado Verde, a market that promotes a sustainable economy, responsible consumption, and production patterns.

Multi Open Shopping

What is the impact?

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.

Impact indicators
‍

15300

CO2 avoided per year

38324

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
‍

About the Promoter

About

Recap Solar Fund III AB

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.

Promoter website

https://www.recapenergy.com/

Team
‍

[{"id":38,"promoter_id":174,"name":"Felipe Borschiver","description":"Felipe Borschiver is Recap's Country Manager for Brazil, based in Rio de Janeiro, where he manages the development of Recap's national energy portfolio. His experience lies in structured finance, distributed energy, and land-use projects.\r\n\r\nBefore joining Recap, Felipe worked for IP Capital Partners and founded/managed Archipelago Partners, both asset management companies focused on long-term equity investments in Brazil. He has extensive experience in financial analysis and assessment of governance and incentive frameworks and structuring financial products. Felipe holds an Economics degree from the University of Rio de Janeiro and a master in Sustainable Finance from the COPPEAD School of Management (UFRJ).","link":"https://www.linkedin.com/in/felipe-borschiver-9664b97/","role":"Country Manager Brazil","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/636/3be/2d8/6363be2d81343123215625.jpg","avatar_id":69549},{"id":39,"promoter_id":174,"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/636/3be/f6f/6363bef6f2d34142539431.jpg","avatar_id":69551},{"id":40,"promoter_id":174,"name":"Eduardo Rechden","description":"Eduardo holds a Master in Environmental Management and Policy, from Lunds Universitet and a Master in Environmental Management, from Universidad de Sevilla. He is specialized in Solar and renewable energy, CSR and Stakeholder assessments, waste management and urban environmental management.","link":"https://www.linkedin.com/in/eduardo-rechden/","role":"COO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/636/3c0/8ae/6363c08ae7cd9388721147.jpg","avatar_id":69552}]

Business Model
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