Soleco Energy
Soleco Energy provides turnkey, zero-upfront-cost solar PV and storage solutions to commercial and industrial businesses across the Caribbean and Latin America. Its 20-year lease and O&M model serves agriculture, mining, hospitality, manufacturing, and utility clients across five countries.
- Company typePrivate
- Founded2019
- HeadquartersKingston, Jamaica
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Soleco Energy does
Soleco Energy is a UK-incorporated (Soleco Energy Limited, registered in England and Wales, company number 11775499), privately held solar energy developer founded in 2019 by Angella Rainford and majority-owned by Rubis Caribbean Holdings, a subsidiary of France-based Rubis Energie since May 2024. The company provides turnkey solar photovoltaic and battery storage solutions to commercial, industrial, and utility-scale customers across five Caribbean and Latin American countries — Jamaica, The Bahamas, the Cayman Islands, Barbados, and Guyana — with a registered head office in London and a regional operations office in Kingston, Jamaica.
Its core offering is a fully financed Solar Equipment Lease under which Soleco funds 100% of the upfront capital, permitting, construction, and installation costs and bills clients a monthly USD-denominated, CPI-indexed lease payment covering the asset, full 20-year operations and maintenance, asset management, and insurance, with an option for the client to take 100% asset ownership at lease end. Installations use Tier-1 components from Trina Solar (550W modules), Huawei inverters, and Jinko Solar, deployed across ground-mounted, rooftop, carport, and floating PV configurations. The product range spans small commercial systems (183 kWp) through to Jamaica's largest solar farm (the 51 MWp Paradise Park project developed through sister company Rekamniar Frontier Ventures).
The business model targets large energy-intensive enterprises — anchored by agriculture (CB Group's 2.1MWp multi-facility installation), with stated expansion into mining, hospitality, manufacturing, and utility-scale — using a direct enterprise field sales motion led by the CEO and senior leadership, a consultative selling approach offering free solar assessments, and concessional capital from IDB Invest (US$24.3M in 2021) plus Rubis to keep the offer zero-upfront-cost for clients. Revenue mechanics are recurring subscription-style lease income with 20-year tenors, supplemented by a 24/7 monitoring, PV health-check, and performance reporting O&M layer.
Soleco Energy firmographics
Firmographics- Name
- Soleco Energy
- Legal name
- Soleco Energy Limited
- Website
- https://soleco-energy.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Soleco Energy provides turnkey, zero-upfront-cost solar PV and storage solutions to commercial and industrial businesses across the Caribbean and Latin America. Its 20-year lease and O&M model serves agriculture, mining, hospitality, manufacturing, and utility clients across five countries.
- Ownership category
- akta.pro rank
Soleco Energy industry classification
Industry- Product category
- Commercial and Industrial Solar Energy Services
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)
- akta.pro secondary industries
- Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ)
Keywords
Where Soleco Energy is headquartered
LocationHeadquarters
- HQ city
- Kingston
- HQ country
- Jamaica
- HQ region
- Latin America
Offices2 records
Markets served
Soleco Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Solar Equipment Lease: Soleco covers upfront costs of solar panels, equipment, and installation and leases it to clients over an agreed term. Clients pay a monthly lease amount indexed to CPI in US dollars. The lease includes capital investment, full O&M costing, asset management, and insurance. At end of lease term, clients can take ownership of the solar asset.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Solar Equipment Lease - Zero upfront cost financing with monthly payments |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
Soleco Energy product offering
Product offeringCore offering
Soleco Energy provides fully financed, turnkey solar PV and battery storage solutions for commercial, industrial, and utility-scale customers across the Caribbean and Latin America. The core offering bundles site survey and design, permitting, procurement of Tier-1 PV hardware (Trina Solar, Huawei, Jinko), construction, installation, and 20-year operations and maintenance under a zero-upfront-cost Solar Equipment Lease with monthly USD payments indexed to CPI. Customers can purchase 100% of the solar asset at end of lease term.
Product overview
Soleco Energy offers a single unified turnkey solar energy solution for commercial and industrial businesses in the Caribbean and Latin America. The core offering consists of a Solar Equipment Lease that provides fully financed solar installations with zero upfront costs, covering various installation types including Ground-Mounted PV, Rooftop PV, Carport PV, and Floating Solar PV systems. The solution integrates Energy Storage Systems and Hybrid Energy Solutions as key add-on features. All installations come with comprehensive 20-year Operations & Maintenance (O&M) Services including 24/7 monitoring, PV health checks, and performance reporting. The company also provides a Free Solar Assessment service to evaluate client opportunities. The portfolio ranges from small commercial installations (183kWp) to large utility-scale projects (51MWp).
Differentiator
Problem solved
Functional benefit
Products and services
- Turnkey Solar Energy Solution End-to-end managed solar solution covering survey, design, finance, permits, construction, installation, and 20-year operations and maintenance, delivered to commercial and industrial businesses across the Caribbean and Latin America with no upfront costs.
- Solar Equipment Lease Fully financed solar equipment lease covering upfront costs of panels, equipment, and installation. Zero money down, flexible lease terms, monthly payments in USD indexed to CPI, bundled capital investment, full O&M, asset management, and insurance, with option to take 100% ownership of the solar asset at end of lease.
- Operations & Maintenance (O&M) Services Comprehensive 20-year operations and maintenance warranty including 24/7 monitoring, PV health checks, firmware updates, and performance reports for guaranteed system performance and reliability.
- Energy Storage Systems (Battery Storage) Battery storage systems that store excess solar energy for later use, ensuring reliable power supply during low solar production or at night, helping clients avoid peak electricity rates and enhance energy independence.
Quantifiable outcome
- 30-50% savings on electricity displaced with solar energy (day one)
- +3 more outcomes
Companies that use Soleco Energy
Customer profileNamed customers7 records
Segments6 records
Ideal customer profiles3 records
Soleco Energy technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Soleco Energy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major and core.
- Deetken ImpactmajorJointly recognized with Soleco Energy for Best C&I Project 2024 award for Caribbean Broilers Group installation in Jamaica.
- Rekamniar Frontier VenturescoreSister company of Soleco Energy. Co-developed Paradise Park Solar Project with Neoen SAS. Founded by Angella Rainford in 2011 to address Jamaica's high cost of electricity.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
Soleco Energy competitors and assessment
Company assessmentBroad incumbents
- Rubis Energie / Rubis Caribbean: Parent/strategic investor of Soleco Energy and a large incumbent downstream energy and renewables operator across the Caribbean and over 40 countries; competes with Soleco on large solar and distributed-energy mandates while also serving as its capital partner.
- Actis (Actis Energy): Global emerging-markets infrastructure and energy investor with deep Caribbean and Latin American exposure; invests in utility-scale and distributed solar platforms with a thesis and financial structure closely aligned to Soleco's model.
- Scatec ASA: Norwegian renewable energy IPP with a focus on emerging markets and a project finance-led model similar to Soleco's; active across Latin America and increasingly in the Caribbean, competing for similar C&I and utility-scale deals.
- Enel Green Power: Global renewables incumbent with a significant Latin American solar pipeline; targets the same Caribbean and Latin American utility-scale and C&I solar customers as Soleco, with deeper balance sheet and broader EPC capabilities.
Direct peers
- Neoen: French independent power producer and a co-developer of Soleco's flagship 51MWp Paradise Park Solar Farm. Neoen is a directly comparable utility-scale and C&I solar developer, with a much larger global pipeline, that competes for similar IPP and corporate PPA opportunities in the Caribbean and Latin America.
- MPC Capital: German project finance and infrastructure investor that co-developed Paradise Park with Soleco and Neoen; invests in and develops utility-scale solar projects in the Caribbean and Latin America, making it a directly comparable capital-and-development peer.
- Rekamniar Frontier Ventures: Sister company to Soleco Energy founded by the same CEO (Angella Rainford); co-developed the Paradise Park Solar Project and remains a closely aligned renewable energy developer in Jamaica with overlapping utility-scale activity.
Others
- IDB Invest (portfolio peers): Soleco's main DFI debt provider and a major financier of competing Latin American and Caribbean C&I/utility-scale solar platforms; not a competitor per se but its broader portfolio (e.g., other Caribbean solar developers it funds) represents the most relevant deal-comparable peer set for valuation and terms benchmarking.
Regional players
- Solar Caribbean: Caribbean-focused solar EPC and developer serving residential, commercial and utility customers across multiple islands; competes head-to-head with Soleco for C&I mandates in markets like Jamaica, Barbados and the Cayman Islands.
Emerging players
- Distributed Energy (DE) / Caribbean Solar Group: US/Caribbean-headquartered distributed solar and battery developer with strong Caribbean utility and commercial client base; directly comparable emerging-market C&I solar and storage player to Soleco.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Soleco Energy social profiles
Digital presenceSoleco Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Soleco Energy leadership team
Management profileNumber of profiles
Profiles11 records
Soleco Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Soleco Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Soleco Energy
What does Soleco Energy do?
Soleco Energy provides fully financed, turnkey solar PV and battery storage solutions for commercial, industrial, and utility-scale customers across the Caribbean and Latin America. The core offering bundles site survey and design, permitting, procurement of Tier-1 PV hardware (Trina Solar, Huawei, Jinko), construction, installation, and 20-year operations and maintenance under a zero-upfront-cost Solar Equipment Lease with monthly USD payments indexed to CPI. Customers can purchase 100% of the solar asset at end of lease term.
Is Soleco Energy a public or private company?
Soleco Energy is a private company. It is classified as corporate owned and is currently operating.
When was Soleco Energy founded?
Soleco Energy was founded in 2019. It employs 11 to 50 people.
Where is Soleco Energy based?
Soleco Energy is headquartered in Kingston, Jamaica, in the Latin America region.
How does Soleco Energy make money?
One revenue line is on record: solar Equipment Lease.
Who are Soleco Energy's main competitors?
Broad incumbents on record are Rubis Energie / Rubis Caribbean, Actis (Actis Energy), Scatec ASA and Enel Green Power. Direct peers are Neoen, MPC Capital and Rekamniar Frontier Ventures. IDB Invest (portfolio peers) is listed as an others. Solar Caribbean is listed as a regional player. Distributed Energy (DE) / Caribbean Solar Group is listed as an emerging player.
Does Soleco Energy have an API?
No public API is recorded for Soleco Energy.
What industry is Soleco Energy in?
Soleco Energy's product category is Commercial and Industrial Solar Energy Services. Its primary akta.pro industry code is EUAMABAA, Solar Project Development & IPP (Utility-Scale & Rooftop), with a secondary code of EUACALAJ, Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro). Its NAICS code is 221114 and its SIC code is 4911.