Solar Subway La Pintada - Participation Property in Colombia | Circular Urban
Solar Subway La Pintada
La Pintada, Colombia
Project Status
Structuring
Project type
Renewable Energy
Total project value
The total project value is an estimate and may vary.$47.346
Colombian pesos
Value to invest
Available soon
Approx. Profitability (Effective Annual)
17.5% - 17.9%
About the project
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Solar Subway La Pintada is the project that opens a new SPV, owned by Avanti & Progreso S.A.S., designed to hold several PPA contracts — not a single-asset vehicle. As new PPA clients join, the same company grows and spreads its revenue base across different contracts.
This first project already has its energy buyer secured: Subway La Pintada signs a power purchase agreement (PPA) for 10, 12 or 15 years, before construction begins. The system is 33.8 kWp and is delivered by SOLVED Energy, an EPC specialising in solar.
When the contract ends, the system becomes the property of Subway La Pintada. Each PPA asset inside the SPV has an economic life set by its contract term — which is why the company is built to keep adding new PPA projects over time rather than depending on a single one.
The vehicle
The first project of a vehicle built to grow with several PPAs
Solar Subway La Pintada is the project that opens Circular Energy S.A.S., a new SPV designed to hold several PPA contracts — not a single-asset vehicle. Circular Urban S.A.S. structures and administers it. As new PPA clients join, the same company grows and spreads its revenue base across different contracts.
This first project already has its energy buyer secured: Avanti & Progreso S.A.S., owner of the Subway La Pintada franchise, signs a power purchase agreement (PPA) for 10, 12 or 15 years, before construction begins.
33.8 kWp
Installed system size
1st of several
Inaugural project of Circular Energy S.A.S.
10–15 years
Term of the power purchase agreement
How to invest
How do you invest in Solar Subway La Pintada?
From your contribution to the power purchase agreement.
- 1
Circular Energy S.A.S. is incorporated
A new simplified joint-stock company, created to hold several PPA projects under one vehicle — with assets ring-fenced from other business lines. Circular Energy S.A.S. issues the shares and holds the assets; Circular Urban S.A.S. acts as structurer and administrator, under a Special Administration Mandate.
- 2
Circular Energy S.A.S. signs the EPC with SOLVED Energy
A contract for the design, supply and installation of the 33.8 kWp photovoltaic system.
- 3
Circular Energy S.A.S. signs the PPA with Avanti & Progreso S.A.S.
Avanti & Progreso S.A.S., owner of the Subway La Pintada franchise, contracts the purchase of energy for 10, 12 or 15 years, at a price below their current rate — the system is installed and running at the store.
- 4
Participants subscribe for shares in Circular Energy S.A.S.
Funds go straight into the company, always in Colombian pesos. In return you receive shares in proportion to your participation.
- 5
Your participation is formalised and registered
Identity and source-of-funds verification (KYC/SARLAFT), subscription agreement, risk disclosure and entry in the Shareholders' Register.
- 6
The system is built and starts operating
From signed contract to grid-operator legalisation: 15 weeks.
- 7
The system runs and produces results
The energy sold to Subway under the PPA produces the asset's operating results, distributed among shareholders according to their participation.
Schedule
Construction schedule
15 weeks from signing the contract to legalisation with the grid operator.
Wk. 0–1
Negotiation and signature
Wk. 2–3
Designs
Wk. 3–5
Equipment purchase and delivery
Wk. 6–8
Assembly
Wk. 9
RETIE certification and testing
Wk. 9–12
Legalisation site visit
Wk. 11–15
Metering point works and grid-operator legalisation
When the contract ends, the system becomes the property of Avanti & Progreso S.A.S. Unlike other Circular Urban projects, each PPA asset inside this SPV has an economic life set by its contract term — which is why the company is designed to keep adding new PPA projects over time rather than depending on a single one.
How the operation flows
From the energy generated, to the money reaching the SPV and being shared among shareholders.
The solar system delivers consumed energy to Subway La Pintada and unconsumed surplus to EPM. Subway pays the monthly PPA rate to the SPV and EPM pays it the surplus credit. The SPV distributes the asset's operating results among its shareholders.
Structure
What the company owns (and what it does not)
Owned by Circular Energy S.A.S.
- The photovoltaic system (panels, inverters, mounting structure)
- The PPA contract and its collection rights over the contracted term
- The cash flows the system generates while the contract runs
- Any further PPA contracts added to the company over time
Not owned by Circular Energy S.A.S.
- The property or roof each system sits on — it belongs to the client
- The system itself once the contract term ends — it transfers to the corresponding client
Returns
Returns depend on the term the client confirms
Subway La Pintada can choose a 10, 12 or 15-year contract. The longer the term, the bigger the discount we give the client — but the more years of secured cash flow for the company. These are the three alternatives:
| Indicator | 15 years | 12 years | 10 years |
|---|---|---|---|
| Project IRR (annual effective) | 17.53% | 17.71% | 17.85% |
| ROI on the investment (contract total) | 194.8% | 144.7% | 116.0% |
| Payback period | 5.29 years | 4.84 years | 4.45 years |
| NPV @ WACC 11% (COP) | $46,056,313 | $39,840,244 | $35,307,502 |
Results are subject to the actual performance of the PPA contract with the client; they are not a guaranteed return. Reference figures, not binding. They are published as a range while the client confirms the final term. The offer is made in Colombian pesos (COP); equivalents in other currencies are calculated at the day's TRM for reference only.
Risk
Straight talk: this carries risk too
All participation involves risk, including the possibility of partial loss. In its early stage this project depends on a single client — its continuity is protected by the PPA's contractual guarantees, KYC verification of the client and financial analysis of their income statements. Subway La Pintada has operated steadily in the area for more than 10 years.
3.5/10
Contractual guarantees
A withdrawal penalty clause in the company's favour; additional client guarantees currently being structured and reviewed.
Client KYC
Identity and source-of-funds verification, the same as for any shareholder.
Business stability
Analysis of income statements and more than 10 years of continuous operation in the area.
Additional information
Unlock more information about this project
Behind sign-up, the same as every other project on the platform:
- Detailed PPA cash flow
- Fee structure
- Tax detail (Law 1715, depreciation, special deduction)
- Withdrawal penalty clause
- EPC contract and PPA contract
This information is provided for information purposes about the structure of the project. It is not financial, legal or tax advice, nor a public offering of securities. All participation involves risk.
Constructor
SOLVED Energy
Design, installation, grid-operator legalisation and annual maintenance of the system
Location
Subway La Pintada — vía La Pintada–Arma (Ruta 25), La Pintada, Antioquia · La Pintada, Antioquia, Colombia
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This conversation is informational about the project's structure. It does not constitute financial, legal or tax advice, nor a public offering of securities. All participation carries risk.