Finnfund and Proparco commit $33 million to ERCO
Type: Investment · Technology: Solar · Country: Colombia · Capacity: 1 GW · Value: $33M · Announced: 2026-09-25
Finnfund and Proparco committed $33 million into Colombian integrated solar platform ERCO as part of a wider equity financing round led by Augment Infrastructure Managers on 2026-09-25. The funding will support construction and expansion of solar assets across Colombia and the scale-up of ERCO's battery storage capacity, while ERCO targets approximately 1 GWp of additional solar generation capacity by 2030. The investment is backed by a European Union guarantee implemented through the EDFI Renewable Energy Transition guarantee, managed by EDFI Management Company under the EU's Global Gateway-linked EDFI Management Company programme. ERCO, founded in 2012, will use the capital to accelerate project development, construction, operation and digital energy retail activities for Colombia's commercial and industrial solar market. The round includes other development finance institutions and impact investors alongside Augment Infrastructure Managers, aiming to strengthen ERCO's ability to leverage local financing and rotate capital into new projects.
Analysis
Finnfund and PROPARCO committed $33 million to Colombian integrated solar platform ERCO as part of an equity financing round announced on 2026-09-25. PROPARCO is a Development Finance Institution that invests in private sector projects in developing countries and emerging economies, focusing on sustainable development. The funding will support ERCO's construction and expansion of solar assets across Colombia and the scale-up of its battery storage capacity. ERCO, founded in 2012, targets approximately 1 GWp of additional solar generation capacity by 2030. The investment is backed by a European Union guarantee implemented through the EDFI Renewable Energy Transition guarantee, managed by EDFI Management Company.
Key points
- Finnfund and PROPARCO committed $33 million to ERCO.
- The investment was announced on 2026-09-25.
- ERCO targets 1 GWp of additional solar generation capacity by 2030.
- The deal is backed by a European Union guarantee.
- ERCO was founded in 2012 and operates in Colombia.
Counterparties
- Finnfund (Investor)
- European Union (Investor)
- ERCO (Developer)
- PROPARCO (Investor)
- EDFI Management Company (Partner)
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