Description

This campaign aims to finance a photovoltaic plant for self-consumption at ARIPSI - Associação de Reformados e Idosos da Póvoa de Santa Iria in Portugal.

The installation and operation of the solar panels will be installed and operated by the campaign promotor: Solcor Portugal, a company specializing in the development and operation of solar photovoltaic installations. 

ARIPSI was founded on April 25th, 1991, by a group of citizens from Póvoa de Santa Iria. The main goal was to protect elderly citizens in vulnerable situations due to financial or physical issues in the Municipality of Vila Franca de Xira and surrounding areas. Since then, ARIPSI has expanded its cooperation and directly supports more than 170 people. The association is active in four areas: Residential Structure for Elderly People, Home Support, Day Care Center, and Living Center. In each area, the organization offers specific support to elderly people or people in need, totaling 59 people in the Residential Structure, 30 people in the Home Support, 70 people in the Day Center, and 15 people in the Living Center.

Solcor's project involves installing 150 photovoltaic panels, amounting to a total power of 73.5 kWp. It is estimated that 36% of the total electricity consumption will come directly from the solar installation, resulting in a cost reduction of about 41% annually. The reduced dependence on the power grid also protects the organization from price fluctuations and tax burdens.

This campaign offers a longer-than-average loan term for Goparity standards. This means you will receive your capital back and gain interest over a more extended period of time. The rental agreement associated with the self-consumption photovoltaic installation foresees a low monthly payment by the beneficiary, who enjoys savings without initial financial investment to purchase the solar panels. Therefore, since the supply company’s payback period is longer, the payment plan is also extended (8-15 years). In this project, the beneficiary is a social solidarity private institution, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the social institution to maintain its focus on the community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. The savings generated by the solar plant for the beneficiary can be invested in social impact projects, where they make a difference. A solar panel can be used for about 30 years, making it a safe, profitable investment with relevant environmental impact. Impact investing in this type of project is a commitment to cleaner, safer, decentralized, and democratic energy systems.

The Impact

Direct

• Contributing to the decarbonization of the economy, by avoiding the emission of CO2: with an estimated clean energy production of 73.5 MWh annually, the solar plant will help avoid the emission of 13.6 tonnes of CO2, equivalent to planting 622 trees.
  
  Cost reduction for the final client: the decentralized energy production through renewable sources, close to the consumption site, helps to avoid distribution costs, making this a more competitive option than reverting to the national grid. Furthermore, the decreased dependency of the company on the national grid, makes it less vulnerable to price fluctuations and fiscal charges.

Indirect

• Improvement of the organization's core services: the cost reduction in electricity expenses enables the Elderly Association to improve their services for the community.

Impact Indicators

13,68 t

CO2 avoided per year

102,1

MWh clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download Key Investment Information Sheet

Guarantees

Pledge of equipment, pledge of receivables from the final client and pledge of Solcor Portugal.

The Promoter

About SOLCORELIOS II, UNIPESSOAL LDA

SOLCORACTION LDA, ou Solcor Portugal, faz parte do Grupo Solcor, um grupo com raízes belgas, fundado em 2014 e activo em Portugal, no Chile, e na Colômbia. O grupo está focado em instalações solares comerciais e no financiamento destes projectos. Até à data, têm mais de 400 projectos concluídos. 

A Solcor conta frequentemente com o aconselhamento técnico das outras empresas do grupo, fortemente ligadas pela partilha dos mesmos accionistas. Em conjunto, a sua atividade é transversal a quase todos os aspectos do mercado solar fotovoltaico: 

• EMAT - um distribuidor de equipamento fotovoltaico.
• Nikola - um instalador resiliente.
• Delta Activos -  uma empresa dedicada à manutenção solar.

A SOLCORELIOS II, UNIPESSOAL LDA faz parte do Grupo Solcor (uma empresa sucursal da Solcor Portugal), criada para desenvolver projectos solares para associações e organizações com envolvimento comunitário ou propósitos sociais.

A Solcor está activa em Portugal desde 2019. Tem uma equipa talentosa de 15 pessoas que acumulam mais de 100 projectos solares em Portugal, contribuindo para a experiência da empresa no desenvolvimento, operação e financiamento de centrais solares a nível nacional. 

A Solcor quer aumentar a consciência energética e contribuir para a descarbonização da nossa economia, desenvolvendo relações sustentáveis através de acordos e colaborações positivas, simples e transparentes. Com base no seu desempenho e solidez financeira, o promotor foi certificado como uma das 5% melhores PMEs de Portugal (2022).

A sua fábrica solar no Museu do Caramulo foi uma das primeiras instalações de auto-consumo colectivo do país.

The team

Steven V Cauwenberge

Diretor Executivo do grupo

Fundador do Grupo Solcor, atualmente a trabalhar como Director Executivo do Grupo Solcor. Mestrado em Engenharia de Negócios - Finanças na KU em Leuven. Mestrado em Engenharia Civil. Pós-Graduação em Análise de Investimento na London School of Economics.

Vincent Vangeel

Co-fundador e CEO

Mestrado em Engenharia de Negócios - Supply Chain na KU em Leuven. Mestrado em Engenharia de Energias Renováveis no IST em Lisboa e KTH em Estocolmo.

Tommaso Mura

Co-fundador e COO

Licenciado em Engenharia Energética pelo Politécnico de Torino. Mestrado em Engenharia de Energias Renováveis pelo IST em Lisboa e KTH em Estocolmo.

Business Model

Updates

2023-02-15

Successful installation of the solar panels

The promotor has installed the solar panels at ARIPSI - Associação de Reformados e Idosos da Póvoa de Santa Iria as you can see in the picture.