Medellin, Colombia – December 5th, 2023 – Unergy - a Latin American CleanTech and FinTech specializing in the financing of high-performance renewable energy production assets – confirms the raising of over 500 thousand euros from retail investors and announces Due Diligence procedures for over 10 million euros of private and institutional capital, just two months after announcing the opening of its first subsidiary in Europe.
Thanks to its innovative model for creating top-performing mini-solar farms, combined with a low-risk financial protocol, Unergy aims to encourage the financing of renewable energies in countries with good natural conditions but lacking liquidity.
The startup currently has a portfolio of over 50 projects of mini-solar farms to finance, mainly located in Colombia and Brazil. These European investments represent a first milestone in the company’s ambition to position itself on the French, British, Spanish, Dutch and Swiss markets and to reach a 300-project portfolio to finance by 2024.
Unergy’s model, a brief introduction:
Raising of capital to build and operate mini-solar farms, offering a profitability between 7% and 10% per year
Thanks to a high-profitability and low-risk financial protocol, Unergy raises institutional,private and individual capital to build and operate mini-solar farms with the promise of a low-risk investment capable of guaranteeing an internal rate of return (IRR) of at least 7% per year.
The platform combining Blockchain technology and artificial intelligence, enables Unergy to split up assets so that anyone can become an investor with a stake as low as 500 USD, and monitor their performance in real time and with complete transparency.
To achieve this, Unergy combines 5 key elements in its model:
- Climatic conditions: Each mini-farm is strategically located in areas with the highest levels of solar radiation, especially in the Equatorial regions of Latin America with a photovoltaic potential of nearly 1,800 kWh/kWp.
- The characteristics of the land: Each mini-farm is built on a standard area of 2 hectares with an inclination not exceeding 10 degrees. The parcels are systematically located in countries with large proportions of unexploited land, accessible via existing land infrastructure, and with purchase or rental prices dictated by the potential for agricultural exploitation. The panels are also placed 2 meters above the ground, enabling solar production to be combined with agricultural activities such as the farming of legumes or the breeding of small livestock.
- Regulatory stability in target countries: Unergy's mini-farms are established in countries that benefit from a stable regulatory framework in terms of energy, allowing electricity sales and distribution prices to be set on 20- or 30-year contracts and providing for indexation on inflation.
- Regions with significant financing needs: The countries chosen by Unergy have experienced sustained economic development over the past 20 years, offering a stable framework for business. However, they have significant shortcomings in terms of liquidity, which hinders local institutional actors in the deployment of substantial sustainable infrastructure in the short and medium term.
- A patented system of mobile solar panels: The icing on the cake! In order to make the most of the chosen climatic and geographical conditions, Unergy's mini-farms are equipped with a patented system of mobile solar panels that follow the path of the sun to capture maximum radiation. This device increases the production capacity of Unergy's solar panels by up to 25% compared to a conventional fixed panel.
Together, all these conditions enable Unergy to optimize the production capacity of its mini-farms, control the costs related to operation and maintenance, including insurance, and anticipate their minimum yield over a period of 20 to 30 years. In a nutshell, each project requires an initial investment of about 1 million US dollars (930,000 euros) and brings in, through the sale of energy, between 150,000 USD and 180,000 USD in net profits per year.
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