The Colombian group formerly known as SunColombia has closed a USD 9.8 million Series B equity round, in addition to USD 5 million in debt, to accelerate solar-plus-storage projects across Latin America.
SunColombia, one of the pioneers of solar energy in Colombia, is leaving behind its local identity to expand regionally under the name SunCompany—an energy holding that combines solar panels with battery storage systems.
Founded 14 years ago with projects in non-interconnected rural areas, the company now aims to consolidate its position as a multilatina clean energy player, expanding operations across the region while strengthening its presence in Colombia.
The new corporate structure brings together SunColombia, Dispower, Sunwa Technologies, and SunCompany International.
“A few years ago, talking about solar and batteries was difficult because costs were very high,” explains Juan Diego Gómez, co-founder and CEO of the holding, in an interview with Forbes. “Today, these technologies are competitive, and that changes the entire landscape.”
The transition to SunCompany coincides with the closing of its Series B round, which includes USD 9.8 million in equity and USD 5 million in debt, backed by investors such as Bancolombia, through its foundation and corporate venture capital arm, as well as the U.S.-based fund SEAF. In parallel, the company secured COP 20 billion in local financing.
Growth Strategy and Use of Funds
CFO Guillermo Gómez explained that the resources are being allocated to the development of solar farms for Bancolombia, hybrid projects in Colombia—such as the Puerto Inírida plant—and new initiatives in the Dominican Republic and Guyana. Part of the investment is also strengthening the technical and engineering teams, which now total nearly 250 employees.
SunCompany is already planning a Series C round for mid-2026, aiming to raise USD 20 million in equity and up to USD 100 million in debt, while keeping majority ownership in the hands of its founders.
For more than a decade, the company was perceived as a niche player focused on social projects in remote areas—an approach that enabled partnerships with organizations such as USAID. Today, its strategy is shifting toward consolidating its role as a developer and operator of distributed generation assets for large corporate and public-sector clients.
Its partners include Ecopetrol, ISA, Grupo Energía de Bogotá, Enel, EPM, and Emcali, under framework agreements that cover construction, operation, and, in some cases, financing schemes.
“We moved from being a B2G company competing in government tenders to a B2B company focused on large private clients,” noted Guillermo Gómez.
Market Outlook
According to the International Energy Agency, global electricity demand will triple over the next 30 years, while the International Renewable Energy Agency (IRENA) estimates that global solar capacity reached 1,800 GW in 2025, with Latin America among the most dynamic regions.
In Colombia, SunCompany has already installed 57.6 MW of solar capacity and 58.3 MWh in battery storage systems, making it the most experienced player in energy storage projects nationwide. Over the next two years, the company plans to deploy USD 300 million in solar-plus-storage projects across Colombia, the Dominican Republic, and Guyana, while preparing market entry into Ecuador and Panama, leveraging existing clients to accelerate positioning.
SunCompany also maintains partnerships with global leaders such as Vertiv, and receives support from multilateral organizations including IDB Invest and 21 additional international financial institutions.
The name change represents more than a rebranding exercise. SunCompany aims to prove it can scale from a local benchmark into a regional player capable of attracting international capital, consolidating strategic partnerships, and leading the energy transition in a market that, as its CEO puts it, “is as essential as food.”
Enlace noticia: https://forbes.co/2025/09/09/negocios/suncompany-inversion-serie-b
Autor: Forbes