Decarbonizing Colombia XV

This campaign is one of several to fund and refinance the installation of photovoltaic plants in 19 organizations in Colombia.  

Direct impact

• Contribution to the decarbonization in Colombia, avoiding CO2 emission: The operation is estimated to annually produce 60.46MWh of clean and renewable energy and avoid the emission of 23.5 tonnes of CO2 per year, the equivalent to the absorption of 1068 trees, and contributing to increase the renewable energy production share of Colombia.
• 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 Impact 

• 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.

This campaign is one of several to fund and refinance the installation of photovoltaic plants in 19 organizations in Colombia.  

Direct impact

• Contribution to the decarbonization in Colombia, avoiding CO2 emission: The operation is estimated to annually produce 60.46MWh of clean and renewable energy and avoid the emission of 23.5 tonnes of CO2 per year, the equivalent to the absorption of 1068 trees, and contributing to increase the renewable energy production share of Colombia.
• 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 Impact 

• 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.