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100%
41.500 €

100% funded by 522 investors

Social Solar Solcor X

Location Pin Svg
Lisboa, PT

instalment

monthly

term

9 anos

yearly interest

5.75%

risk rating

B

Solar self-consumption for two social institutions.

Description

This campaign aims to finance two photovoltaic plant for self-consumption at Lar das Pedralvas and Centro Julia Moreira, two institutions that support adults with disabilities, an indispensable service for a healthy and inclusive society.

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

The plant at the Júlia Moreira Centre has 25.3 kWp of power and the plant at Lar das Pedralvas has 24.2 kWp of power. The two plants will produce around 56.25MWh of clean energy per year and prevent the emission of around 7.7 tonnes of CO2 per year.

Lar das Pedralvas offers assistance to adults with intellectual disabilities through an Occupational Activities Center and a Residential Home for 25 people. The institution provides therapies such as Music Therapy, Animal Assisted Therapy, Hippotherapy, Therapeutic Riding, and Reiki with the aim of improving the quality of life of the residents. Volunteers play a key role as well as various partnerships in the area of health and leisure. The institution aims to involve families in the residents' lives, promoting cooperation and active participation, including in initiatives called "work brigades", which aim to maintain and improve the space.

Centro Júlia Moreira is an institution that supports adults with severe intellectual disabilities and reduced mobility. With a capacity for 90 beneficiaries, the main focus is on therapeutic and sensory activities to improve the physical and emotional well-being of those assisted. At the center, there are specialists in Occupational Therapy, Psychomotricity, Social Education, Education, Psychology, and Social Work to offer personalized support. The institution also promotes adapted activities and sports in the community to create opportunities for socialization. In addition, the space is home to the "Nós" Theater Group, with 43 actors who attend various APPACDM Lisbon centers and perform for the school community.

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 longer 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 

  • Contribution to the decarbonisation, avoiding CO2 emissions: With a total production of clean energy of over 56.25 MWh per year, the solar plant will avoid the emission of about 7.7 tons of CO2 per year. This is equivalent to the CO2 absorption of 350 trees.
  • Cost reduction for the end customer: decentralized energy production through renewable sources, close to the place of consumption, helps to avoid distribution costs, this being the most competitive option. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect 

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

Impact Indicators

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7,71 t

CO2 avoided per year

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56,3

MWh clean energy

Sustainable Development Goals

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Financial viability

The project is co-financed by Solcor Portugal, the guarantor of the loan.
The maturity of the loan was calculated to ensure that the monthly installments are paid by the revenue generated through the rental payments for the solar plant.

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:
  • Guarantee from SOLCORACTION, LDA in the total amount of the loan;
  • Pledge of credit rights by SOLCORELIOS II, UNIPESSOAL LDA of amounts to be received under its service provision contracts with its customers: Fundação Irene Rolo and Futebol Clube de Alverca;
  • Pledge of equipment.

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

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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

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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

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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

O Grupo Solcor é principalmente ativo no desenvolvimento e operação de instalações solares comerciais. O grupo já desenvolveu mais de 400 instalações solares para clientes duma vasta gama de sectores e gere atualmente mais de 500 instalações.

O forte crescimento do grupo deu-se principalmente sob o impulso da aplicação do modelo ESCO, onde o cliente paga pela sua instalação solar com as poupanças geradas pela instalação sem necessidade de um investimento inicial. A Solcor, em conjunto com os seus parceiros, investiu mais de 25 milhões de euros em projetos para os seus clientes.

Active since

2019

Fiscal country

PT

Operating In

Portugal

Industry

Energy

Number of Goparity Loans

20

Women Shareholders

No

Updates

2023-11-04

First payment

First instalment was paid to all the investors

2023-10-02

100% funded

502 investors successfully raised 41.500€

2023-09-29

Open for investment

This campaign will help avoid the emission of 8 tons of CO2 per year

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