NRG Plus Colombia — 11.75%/an · 36 mois

Plateforme · 22.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence granted by AMF on 6 December 2022 (fonds propres-2022-2), registre ORIAS n°15003274
Status fully compliant, currently valid

A2 · Track Record 6.0/6✓ max

Default 0.8% (<1% → 6 pts×0.5=3.0)
Delay 0.8% (<5% → 6 pts×0.3=1.8)
Realised yield ~5.9% compliant with announced ranges → 6 pts×0.2=1.2

A3 · Rigueur de sélection 3.0/4bon

RES selection process documented and recognised (technical, legal, financial due diligence)
Selection rate not explicitly published in available data

A4 · Santé financière 3.0/4bon

Independent platform founded in 2014 (>10 years), no distress signals
Active European expansion (Spain, Italy, Netherlands)
Fund launch 2026
No direct institutional backing

A5 · Protection investisseurs 2.0/3

agrément AMF licensed → mandatory 4-day reflection period + continuity plan (1 pt)
Segregated accounts via third-party payment service provider Mangopay (1 pt)
No operational secondary market identified (0 pt)

Projet · 33.0/75 (38.0 brut, red flags −5)

B1 · Instrument & Structure 9.0/10bon

B1.1: 5/5 - Simple obligations fixed rate French law

B1.2: 3/3 - Dedicated société dédiée (SPV) NRG Plus Power I SAS, distinct issuer

B1.3: 1/2 - Senior claimed, no formal ranking registration in France

B2 · Opérateur & Track record 8.0/15

B2.1: 3/4 - Borgogna Pierluigi appointed managing director, identifiable NRG+ profile

B2.2: 3/5 - NRG+ Group 130 employees, 3.6 GW in development, <10 MWp operated in Colombia

B2.3: 1/3 - First operation on Enerfip

B2.4: 1/3 - Project carrier recently created, partial accounts, positive net debt 2025, net loss 2025

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 6/9 - Pledge of Colombian société dédiée (SPV) shares + fiduciary trust rights + economic rights of loans, registered at Registro Garantías Mobiliarias

B3.2: 1/4 - Guarantor société dédiée (SPV) newly created, equity not verifiable

B3.3: 0/2 - No identified banking partner

B4 · Structure financière 5.0/15faible

B4.1: 3/5 - Colombian spot market revenues, documented financial model sustainable in adverse scenario, no long-term PPA signed

B4.2: 0/4 - Operator equity contribution N/A per file

B4.3: 1/4 - Adverse scenario tested on electricity price, but absent PPA weakens

B4.4: 1/2 - taux de couverture de la dette not disclosed, spot market revenues not contractualised

B5 · Pré-commercialisation 4.0/10faible

ENERGY Class: permits under examination or obtained not cleared, no long-term PPA signed, revenues via Colombian spot market
Grid connection not yet confirmed

B6 · Permis & Maturité 3.0/5

ENERGY Class: projects under construction (RTB achieved per file), permits obtained, connection application filed, possible appeal periods
No confirmed grid connection

B7 · Marché & Localisation 2.0/3

Renewable energy market Colombia in strong growth (+772 connection requests 2025, 28 GW target 2035)
New pro-market president confirmed
Currency COP/EUR and spot price risks remain

Points forts

✓NRG+ Group experienced with 130 employees and 3.6 GW in international development.

✓Legal structure with Colombian trust (Patrimonio Autónomo) and triple security registered.

✓Colombian renewable energy market in strong growth, favourable regulatory framework (Act 1715/2014).

✓Simple obligations senior ranking, dedicated SPV French law, Enerfip PSFP licenced platform.

✓New Colombian president pro-private investment, political context stabilised in 2026.

Risques identifiés

!Revenues on Colombian spot market without signed PPA: total exposure to market price.

!Unhedged EUR/COP currency risk, documented strong volatility history.

!Project carrier (Nrg Plus Power 1) recently created, equity 25,000 euros, net loss 2025.

!No identified banking partner: absence of independent external validation of project.

!Securities under Colombian law: uncertain enforcement upon default, foreign jurisdiction.

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.