Projects

Solar Social Village

50,6% €43.785,68 of €86.460
28

days left

5 yr

term

3.75%

a year

3 mth

grace period

B

rating

sustainable_energy

Sustainable energy

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

Solar power for self-consumption of a charity's nursing home in Portugal.

Impact

Installation of a new power plant with a total power of 109kW. It is estimated that the plant will produce 178.6 MWh / year, which will avoid the emission of 48 tonnes of CO2 to the atmosphere, which is equivalent to 2 182 trees planted.

Moreover, throughout the total possible duration of the power plant, the project will allow the avoidance of 1 200 tonnes of CO2 which corresponds to the CO2 captured by a forest with an area of about 2.5 ha.

Project Information

This campaign will be used to fund the installation of solar panels for electricity production in the Social Village of the Santa Casa da Misericórdia de Borba, a social support complex offering services from kindergarten to nursing homes for the elderly, a community center or a community canteen.

It will be a 109kWp solar photovoltaic installation in one of the biggest buildings Santa Casa da Misericórdia de Borba owns - Quinta da Prata. Borba is a small city in Alentejo, the sunniest region in Portugal. Solar power production in this region is very profitable and not as risky as in different regions.

"Every hour the sun beams more energy onto Earth than it needs to satisfy global energy needs for an entire year."

This project will generate 178,6 MWh a year. As solar power becomes less and less expensive, the better the business case for producing electricity for self-consumption is. Santa Casa is doing this as part of their continuous effort to optimize costs and expenditure.

28

days left

5 yr

term

3.75%

a year

3 mth

grace period

B

rating

sustainable_energy

Sustainable energy

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

Solar power for self-consumption of a charity's nursing home in Portugal.

50,6% €43.785,68 of €86.460

Impact

Installation of a new power plant with a total power of 109kW. It is estimated that the plant will produce 178.6 MWh / year, which will avoid the emission of 48 tonnes of CO2 to the atmosphere, which is equivalent to 2 182 trees planted.

Moreover, throughout the total possible duration of the power plant, the project will allow the avoidance of 1 200 tonnes of CO2 which corresponds to the CO2 captured by a forest with an area of about 2.5 ha.

Project Information

This campaign will be used to fund the installation of solar panels for electricity production in the Social Village of the Santa Casa da Misericórdia de Borba, a social support complex offering services from kindergarten to nursing homes for the elderly, a community center or a community canteen.

It will be a 109kWp solar photovoltaic installation in one of the biggest buildings Santa Casa da Misericórdia de Borba owns - Quinta da Prata. Borba is a small city in Alentejo, the sunniest region in Portugal. Solar power production in this region is very profitable and not as risky as in different regions.

"Every hour the sun beams more energy onto Earth than it needs to satisfy global energy needs for an entire year."

This project will generate 178,6 MWh a year. As solar power becomes less and less expensive, the better the business case for producing electricity for self-consumption is. Santa Casa is doing this as part of their continuous effort to optimize costs and expenditure.

Santa Casa da Misericórdia de Borba

Active since
1524
Operating in
Borba
Industry
Charity
GoParity Loans
1
About Santa Casa da Misericórdia de Borba

The promoter of this project is Santa Casa da Misericordia de Borba, a social support complex based in Portugal offering services from nursing homes for the elderly and a kindergarten, to a community centre and canteenbased. The organization was founded in 1524 and it currently has about 100 employees and 500 users who use its 14 spaces (from nurseries, to a kindergarten, places to leisure time activities, day centres, social canteen and a multipurpose pavilion, amongst other things).

The Business Model

Given the high percentage of self-consumed energy (about 90%) and the investment amount of 86.458€, the estimated return rate (IRR) is 31,7% and the payback period is 3,5 years. This represents a benefit of 823.910 € throughout the project lifetime (25 years).

Track Record

"On the 26th of 1379, six Borba inhabitants founded the "Irmandade do Santo Espírito de Nossa Senhora" because they thought the rich must share, voluntarily with those who had less. Their caring culture towards the disease, prisoners and poor led to great support from the population to their principles and values."

In 1524, the members from this Irmandade, asked for its conversion in to Misericórdia, founded the Hospital and supported the institution with their own money for several years.

Today, Santa Casa da Misericórdia de Borba, has around 100 employees, 500 users and 14 different facilities (from nurseries, to kindergartens and day cares). 

The institution already has a solar pannel in one of its buildings with a production capacity of 70 kWh. It is estimated that together with this new pannel, they will produce more than 286 MWh a year, which is enough for the daily consumption of 70 houses on average.

Check out promoter's YouTube channel

Promoter Rating: B

Guarantees

This project is guaranteed with the pledge of the equipment installed.

Santa Casa da Misericórdia de Borba

Active since
1524
Operating in
Borba
Industry
Charity
GoParity Loans
1
About Santa Casa da Misericórdia de Borba
The promoter of this project is Santa Casa da Misericordia de Borba, a social support complex based in Portugal offering services from nursing homes for the elderly and a kindergarten, to a community centre and canteenbased. The organization was founded in 1524 and it currently has about 100 employees and 500 users who use its 14 spaces (from nurseries, to a kindergarten, places to leisure time activities, day centres, social canteen and a multipurpose pavilion, amongst other things).
The Business Model

Given the high percentage of self-consumed energy (about 90%) and the investment amount of 86.458€, the estimated return rate (IRR) is 31,7% and the payback period is 3,5 years. This represents a benefit of 823.910 € throughout the project lifetime (25 years).

Track Record

"On the 26th of 1379, six Borba inhabitants founded the "Irmandade do Santo Espírito de Nossa Senhora" because they thought the rich must share, voluntarily with those who had less. Their caring culture towards the disease, prisoners and poor led to great support from the population to their principles and values."

In 1524, the members from this Irmandade, asked for its conversion in to Misericórdia, founded the Hospital and supported the institution with their own money for several years.

Today, Santa Casa da Misericórdia de Borba, has around 100 employees, 500 users and 14 different facilities (from nurseries, to kindergartens and day cares). 

The institution already has a solar pannel in one of its buildings with a production capacity of 70 kWh. It is estimated that together with this new pannel, they will produce more than 286 MWh a year, which is enough for the daily consumption of 70 houses on average.

Check out promoter's YouTube channel

Promoter Rating: B

Guarantees

This project is guaranteed with the pledge of the equipment installed.

Updates

Payments Status: On time

2020-03-04

Open for investment

2020-04-03

Campaign extension

The campaign's end date was extended one more month

Updates

Payments Status: On time

2020-03-04

Open for investment

2020-04-03

Campaign extension

The campaign's end date was extended one more month