PRECAP
The first clean energy accelerator and capital network in Puerto Rico
ABOUT PRECAP
The Puerto Rico Energy Capital Access Program assists businesses, cooperatives, community energy programs, and municipalities in preparing for and gaining access to capital required to realize their energy infrastructure investment plans. We support building capacities through mentorship, consulting, and instruction for renewable energy projects. PRECAP operates with a grant from the CDBG-DR SBIA program.
OUR IMPACT
Our Services
TECHNICAL ASSISTANCE
Individualized mentorship by leading industry experts
PROJECT MANAGEMENT
Accelerate renewable energy projects through virtual seminars
ACCESS TO CAPITAL
Support and preparation on how to request financing for energy infrastructure
Through general assemblies and workshops, gain practical skills and an understanding of renewable energy projects. Topics covered include:
- Evaluating Risks & Mitigation
- Identify Optimal Types of Capital and Planning Application Strategy
- System Design and Cost Estimate
- Credit Analysis
- RFP's & RFQ's
- Communicating the Value of Your Project
- In-person Bootcamp
- General Assemblies twice a week
- Weekly Deliverables
- Weekly Individual Mentorship
- Midpoint Review
- Final Presentation
- Post-Graduation Support
REQUIREMENTS
- Eligible for businesses, cooperatives, community energy projects, and municipalities
- Project is at a stage further along from conceptual
- Team of 2 or more participants
- Be 18 years old or older
- Commitment, dedication, and participation throughout the 8 weeks of the program
HOW TO APPLY
Fill out PRECAP Cohort Application
Submit Intake Form (Departamento de Vivienda)
Finish PRE- PRECAP
Send PRE-PRECAP documents to precap@fundacionborincana.org
“Puerto Rico can be an example of how any region, any island, any part of the United States and even any nation can depend 100% on renewable resources.”
Secretary Jennifer Granholm, Department of Energy
PRE-PRECAP
- Introduction to Renewable Energy in Puerto Rico
- Access to Capital
- Energy Demand Analysis
- Instroduction to Renewable Energy Projects
- Project Management
Frequenly Asked Questions
PRECAP
PRECAP is a free program.
PRECAP lasts for 8 weeks. Any adjustments to the schedule will be discussed with participants.
Every project is different, but you should be prepared to meet for 2 general assemblies per week, an individualized weekly mentoring appointment, and turn in weekly deliverables. An approximate base time of 5-6 hours per week is calculated.
PRECAP is designed in Spanish, with accommodations for English translation of the material.
PRECAP does not provide grants or cash prizes. If selected, the participating project will receive consulting and advice from industry expert mentors valued at $30k.
PRECAP has a diverse team of mentors and resources. Our mentors are located in both Puerto Rico and the United States. They have extensive experience in different aspects within the renewable energy industry such as: project management, nancing, commercialization, RFPs, public policy and regulation, among others.
Because our program is an accelerator, projects are required to have some maturity in their development. You must have an existing project or be in preliminary stages, have a work team of 2 or more people and have taken PRE-PRECAP as requirements to be accepted.
PRECAP does not offer grants or cash. PRECAP is designed to build critical capabilities and helps organize projects so that they can independently solicit and access different sources of capital.
PRECAP does not offer grants or cash. PRECAP is designed to build critical capabilities and helps organize projects so that they can independently solicit and access different sources of capital.
The program has 3 cohorts per year (spring, summer and fall). Our application periods are made public on our social networks and our website. Once the application is received and the Intake Form is submitted, we begin to evaluate your application.
After the evaluation, a preliminary call is made to guide you about the program and better understand your project. As a next step, a video conference is coordinated with your team and the PRECAP team, including the main instructor of the program.
After this process, the applications are evaluated, and your project to meet the requirements, an invitation is made to the program subject to comply with the sending of the necessary evidence for the Intake Form and the sending of the PRE- PRECAP documents.
PRECAP does not establish an academic level or minimum knowledge requirement of renewable energy or engineering. The purpose of the program is to build critical capabilities in the management of renewable energy projects in Puerto Rico. Our main requirement related to knowledge is to comply with the PRE-PRECAP online course and to have submitted the documents worked by email.
PRECAP looks for projects that are more developed than just the conceptual idea. In other words, they must be projects with a certain maturity and that can be developed and scalable. The PRECAP program is not a continuing education program.
PRE-PRECAP
Pre-PRECAP is a free online course at your own pace where you can learn basics
about renewable energy project management. The following documents are
developed in the course:
- Project Charter
- Organizational chart
- Energy Demand Analysis
- Risk Matrix
PRECAP is an accelerator of renewable energy projects for small businesses, cooperatives and municipalities that provides service to the 78 municipalities that lasts 8 weeks. It is sponsored by CBDG-DR funds from the Department of Housing through the SBIA.
On the other hand, PRE-PRECAP is a free online course that serves as a prerequisite to apply to our intensive 8-week PRECAP program, and you can start whenever you want. It will allow you to know at what stage of development your project is.
