Recap Energy AB through its subsidiary Recap Solar Fund II AB signs an SPA in Colombia with Julia RD S.A. E.S.P. comprising 20 rooftop solar assets and related PPAs with a total capacity of 3,219 kWp.
- Both companies will continue their cooperation through an asset management agreement, utilizing Recap’s intelligent EMS (Energy Management System), Nebula, to assist Julia RD in managing the assets.
- The achieved milestone showcases Recap Energy business model maturity in Colombia in the rooftop solar C&I sector, including origination, development, financing, construction and operation.
Today, Recap Energy has divested a portfolio of twenty solar rooftop C&I projects with related purchase power agreement (PPAs) with industrial off-takers distributed across the Colombia territory with a total capacity of 3,219 kWp to Julia RD S.A. ESP.
Recap’s proprietary and certified Energy Management System (EMS) Nebula complements the assets management with intelligent asset monitoring and control to maximize uptime and revenue generating potential in combination with automatic invoicing. Julia RD S.A. ESP will enjoy this service from Recap Energy under an additional service agreement.
Julia RD S.A. ESP has acquired this portfolio as a result of a mutually trusting relationship with Recap, following its comprehensive plan to consolidate investments in distributed energy projects.
Recap Energy AB is a bankable renewable assets developer headquartered in Stockholm, Sweden, with over five years of experience in developing, financing, and operating rooftop solar PV assets in Colombia. Julia RD S.A. E.S.P. is the leader in Demand Response programs in Colombia, based in Bogotá, Colombia.
Innovation, local presence, energy market knowledge and a technology agnostic culture has provided Recap with the ability to assist its customers to quickly adapt to regulatory changes, market opportunities and challenges.
Contact:
Jesus Ortiz, CCO Recap Energy AB
Phone: +46 735107127; E-mail: jesus.ortiz@recap.se