Renewable Energy Innovations

Ongresso Energy being a Colombo-Swiss company offers the closing of contracts in LOCAL currency, USD or EUR. We are present in several LATAM countries and can provide regional solutions. This is interesting for multinationals and exporters, as these companies usually have several locations in the same region and revenues in foreign currency.

With USD or EUR contracts we are able to eliminate exchange risks and costs. This leads to more competitive pricing, lower annual indexations and less internal processes for our clients as part of the USD or EUR income can be transferred directly to Ongresso Energy.

Furthermore, many companies have outdated floor plans, poor structures, asbestos roofing, among others. These are all limiting factors, especially as they cause a potential safety risk for the people that work on-site on a daily basis. Also, these limiting factors are normally not part of a renewable energy project, which means that the land or building owner needs to invest heavily in preparing the site accordingly.

We can analyse these additional investments in our projects and work with specialised partners who provide high-quality solutions. As a result, we ensure that renewable energy projects are feasible and sustainable in the long term, as safety is our top priority.

The availability of space is an issue for many companies, as it is a very important asset in their business model. This can limit the potential generation of renewable energy. However, we develop solutions that enable efficient use of space without compromising our clients' business model.

These solutions include carports over parking spaces, or floating structures over lakes or irrigation ponds. For floating solar energy, the use of valuable land and water evaporation is avoided, and up to 15% more energy is generated due to the natural cooling effect.

Floating solar PV systems have not yet been established in Colombia, even though the country has a large number of artificial lakes and irrigation ponds. The critical factor is financial viability. Together with REPIC, the Swiss Platform for the "Promotion of Renewable Energy in Developing and Transition Countries", we work with the aim of reducing costs by redesigning the value chain.

Solar PV is a great solution to generate energy during the day, but has natural limitations such as during the night or during seasons with limited access to sun. Therefore, we develop solutions to offer a more constant renewable energy supply.

For example, many companies generate 'waste' such as organic material, heat or steam during production processes. We are able to transform this 'waste' into raw materials for renewable energy generation. As a result, we use available resources efficiently and generate a constant flow of energy.

Also, many companies use high volumes of water during production processes or to irrigate their land, which requires large volumes of energy. We are able to create solutions, such as water ‘batteries’ that store and dispose water when necessary, while using solar energy without affecting the performance of our clients.

The renewable energy sector is developing innovative solutions rapidly. Therefore it is important to constantly monitor these developments, and analyse how these innovations can be applied in the market. Besides the technology, it is also key to develop financial solutions to ensure the innovation can be implemented in a sustainable manner.

Ongresso Energy has a presence in Europe and Latin America and is therefore ideally positioned to monitor developments and work together with owners to implement solutions, taking into account the local context and economic viability in Latin America.