Projects

Praia da Rocha Solar Club

100% Confirmed Amount = € 39.900,00
Reserved Amount = € 0,00
€ 39.900,00
100% Funded
6 yr

term

4.25%

a year

monthly

instalment

B-

rating

sustainable_energy

Sustainable energy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

Solar energy for self-consumption at the Praia da Rocha Club in Algarve.

Impact

  • Contribution to the decarbonisation of the economy: with an estimated production of 82.3 MWh of clean energy per year, the two solar plants will avoid the emission of 16.7 tons of CO2 per year, equivalent to the CO2 absorption capacity of 759 trees.

  • Raising awareness about sustainability in the community of owners, tourists, workers and customers.

Project Information

The aim of this campaign is to fund two photovoltaic plants for self-consumption at the Praia da Rocha Club, Portugal’s largest condominium located at Praia da Rocha beach in Portimão, Algarve.

The Praia da Rocha Club was built in 1986 and renewed in 2005. The property is located 10 kilometers away from the Alcalar Megalithic site. It was recently converted to housing, being the largest condominium in Portugal, with 627 apartments. The photovoltaic modules will be installed on the roof of two of the hotel group buildings, through a gravity installation without the need for drilling, maximizing the existing space in order to reduce the effects of shadows caused by the equipment installed there, as shown in the image below.

The plants will have a total installed power of 46 kWh, producing an average of 82.3 MWh of clean energy per year.

SOLVASTO, a Portuguese energy services company, will be the promoter of the project, as well as the owner of the panels during the first years. In addition to this, it will ensure the installation and operation of the plant.

Financial Viability

During the first 6 years of the plants' operation, SOLVASTO will own the solar panels, charging a fixed income of around € 7,500 / year, which is considerably less than the estimated benefit from the savings obtained in the current energy bill. At the end of this period, the ownership of the plants will be transferred to Praia da Rocha Club without any additional cost. The panels will allow significant energy savings compared to the company's current consumption, with an average reduction in electricity costs of around 12,000 € / year, during the first 6 years of operation. Thus, it is estimated that the project payback will occur in less than 4 years. During the contract with SOLVasto the customer, without any cost or risk, will obtain an estimated benefit of more than € 4,400 / year, after the settlement of the annual fixed income. After this contract period, and considering the useful life of the 25-year power plants, Praia da Rocha Club will be able to benefit from savings above € 280,000.

100% Funded
6 yr

term

4.25%

a year

monthly

instalment

B-

rating

sustainable_energy

Sustainable energy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

Solar energy for self-consumption at the Praia da Rocha Club in Algarve.

100% Confirmed Amount = € 39.900,00
Reserved Amount = € 0,00
€ 39.900,00

Impact

  • Contribution to the decarbonisation of the economy: with an estimated production of 82.3 MWh of clean energy per year, the two solar plants will avoid the emission of 16.7 tons of CO2 per year, equivalent to the CO2 absorption capacity of 759 trees.

  • Raising awareness about sustainability in the community of owners, tourists, workers and customers.

Project Information

The aim of this campaign is to fund two photovoltaic plants for self-consumption at the Praia da Rocha Club, Portugal’s largest condominium located at Praia da Rocha beach in Portimão, Algarve.

The Praia da Rocha Club was built in 1986 and renewed in 2005. The property is located 10 kilometers away from the Alcalar Megalithic site. It was recently converted to housing, being the largest condominium in Portugal, with 627 apartments. The photovoltaic modules will be installed on the roof of two of the hotel group buildings, through a gravity installation without the need for drilling, maximizing the existing space in order to reduce the effects of shadows caused by the equipment installed there, as shown in the image below.

The plants will have a total installed power of 46 kWh, producing an average of 82.3 MWh of clean energy per year.

SOLVASTO, a Portuguese energy services company, will be the promoter of the project, as well as the owner of the panels during the first years. In addition to this, it will ensure the installation and operation of the plant.

Financial Viability

During the first 6 years of the plants' operation, SOLVASTO will own the solar panels, charging a fixed income of around € 7,500 / year, which is considerably less than the estimated benefit from the savings obtained in the current energy bill. At the end of this period, the ownership of the plants will be transferred to Praia da Rocha Club without any additional cost. The panels will allow significant energy savings compared to the company's current consumption, with an average reduction in electricity costs of around 12,000 € / year, during the first 6 years of operation. Thus, it is estimated that the project payback will occur in less than 4 years. During the contract with SOLVasto the customer, without any cost or risk, will obtain an estimated benefit of more than € 4,400 / year, after the settlement of the annual fixed income. After this contract period, and considering the useful life of the 25-year power plants, Praia da Rocha Club will be able to benefit from savings above € 280,000.

SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Active since
2016
Fiscal Country
Portugal
Operating in
Portugal
Industry
Renewable Energy
GoParity Loans
3
About SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Founded in 2016 by Nuno Giraldo Torres and Paulo Oliveira, SOLVASTO is a small Portuguese consulting and engineering company applied to energy efficiency projects, based in Amadora.

Born in Luanda, Nuno graduated in Mechanical Engineering at the University of Coimbra and has a Masters in Management at the Technical University of Lisbon (ISEG). He has extensive experience in renewable energies, energy efficiency, particularly in the areas of biogas, photovoltaic solar, thermal energy, and energy efficiency. In his professional career, he worked at Enersky, Turbomar Energia, and the German multinational Donauer Solar Systems. He was also a technical consultant for Falconer, the oldest solar thermal company in Portugal; commercial director of CEBC Energia; head of Marketing and Sales at Vivapower; consultant at Sueca Aura Light; and Sales Director at the commercialization company Elusa.

Paulo Oliveira, was born in Jersey (Great Britain), has training in renewable energies and has gained over the last 12 years accumulating experience in the field of photovoltaic solar, having been a board member of several companies in the sector, namely WS Energia, the multinational German Donauer Solar Systems, where he met Nuno, Martifer Solar and Vivapower for the first time, where he became a colleague of Nuno, and Redeforte before joining the SOLVasto project.

SOLVASTO provides services for photovoltaic installations and energy efficiency projects, managing the global process from the engineering, licensing, financing, acquisition, monitoring, maintenance and operation of photovoltaic systems.

The Business Model

SOLVASTO offers 360º, turnkey solutions, with the objective of increasing the sustainability of our customers, providing the following services in the area of energy efficiency:

  • Technical/engineering design

  • Licensing

  • Procurement

  • Financing Solutions

  • Installations

  • Operation and maintenance

  • Systems performance

Track Record

SOLVasto was created at the end of 2016 to meet the growing demand, by investing / financing entities, for projects in the area of energy efficiency and for services such as independent quality control, monitoring, and maintenance of photovoltaic systems.

Currently, it has 4 employees, the company has already participated in the development, licensing, installation, maintenance, and operation of more than 30 MWp, which produces more than 40 GWh / year, which avoids the emission of around 6,000 tons of CO2 per year. Since 2018 he also started his activity in the e-mobility area, having participated in the largest private installation in Portugal with more than 1,000 parking spaces prepared to receive electric chargers.

In 2018, SOLVASTO financed two projects through GoParity (Amigos da Natação and Sport Algés e Dafundo) and in 2020, the company was the installer on the project Solar Social Village, solar energy for self-consumption at Santa Casa da Misericórdia de Borba.

In 2021, the company intends to increase its number of employees and foresees an increase in turnover of about 20% compared to the previous year (having already been over 50% in 2020 compared to 2019), despite the current climate caused by the uncertainty of the pandemic.

Promoter Rating: B-

Guarantees

The project will be guaranteed through the pledge of the equipment installed. The loan will be extended to SOLVasto.

SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Active since
2016
Fiscal Country
Portugal
Operating in
Portugal
Industry
Renewable Energy
GoParity Loans
3
About SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Founded in 2016 by Nuno Giraldo Torres and Paulo Oliveira, SOLVASTO is a small Portuguese consulting and engineering company applied to energy efficiency projects, based in Amadora.

Born in Luanda, Nuno graduated in Mechanical Engineering at the University of Coimbra and has a Masters in Management at the Technical University of Lisbon (ISEG). He has extensive experience in renewable energies, energy efficiency, particularly in the areas of biogas, photovoltaic solar, thermal energy, and energy efficiency. In his professional career, he worked at Enersky, Turbomar Energia, and the German multinational Donauer Solar Systems. He was also a technical consultant for Falconer, the oldest solar thermal company in Portugal; commercial director of CEBC Energia; head of Marketing and Sales at Vivapower; consultant at Sueca Aura Light; and Sales Director at the commercialization company Elusa.

Paulo Oliveira, was born in Jersey (Great Britain), has training in renewable energies and has gained over the last 12 years accumulating experience in the field of photovoltaic solar, having been a board member of several companies in the sector, namely WS Energia, the multinational German Donauer Solar Systems, where he met Nuno, Martifer Solar and Vivapower for the first time, where he became a colleague of Nuno, and Redeforte before joining the SOLVasto project.

SOLVASTO provides services for photovoltaic installations and energy efficiency projects, managing the global process from the engineering, licensing, financing, acquisition, monitoring, maintenance and operation of photovoltaic systems.

The Business Model

SOLVASTO offers 360º, turnkey solutions, with the objective of increasing the sustainability of our customers, providing the following services in the area of energy efficiency:

  • Technical/engineering design

  • Licensing

  • Procurement

  • Financing Solutions

  • Installations

  • Operation and maintenance

  • Systems performance

Track Record

SOLVasto was created at the end of 2016 to meet the growing demand, by investing / financing entities, for projects in the area of energy efficiency and for services such as independent quality control, monitoring, and maintenance of photovoltaic systems.

Currently, it has 4 employees, the company has already participated in the development, licensing, installation, maintenance, and operation of more than 30 MWp, which produces more than 40 GWh / year, which avoids the emission of around 6,000 tons of CO2 per year. Since 2018 he also started his activity in the e-mobility area, having participated in the largest private installation in Portugal with more than 1,000 parking spaces prepared to receive electric chargers.

In 2018, SOLVASTO financed two projects through GoParity (Amigos da Natação and Sport Algés e Dafundo) and in 2020, the company was the installer on the project Solar Social Village, solar energy for self-consumption at Santa Casa da Misericórdia de Borba.

In 2021, the company intends to increase its number of employees and foresees an increase in turnover of about 20% compared to the previous year (having already been over 50% in 2020 compared to 2019), despite the current climate caused by the uncertainty of the pandemic.

Promoter Rating: B-

Guarantees

The project will be guaranteed through the pledge of the equipment installed. The loan will be extended to SOLVasto.

Payments Status: On time

2021-04-02

100% funded

277 investors successfully raised 39.900€

2021-03-18

Open for investment

This campaign will help avoid the emission of 17 tons of CO2 per year

Payments Status: On time

2021-04-02

100% funded

277 investors successfully raised 39.900€

2021-03-18

Open for investment

This campaign will help avoid the emission of 17 tons of CO2 per year