Projects

Solar Nursing Home

100% Confirmed Amount = € 21.250,00
Reserved Amount = € 0,00
€ 21.250,00
100% Funded
7 yr

term

4%

a year

6 mth

grace period

monthly

instalment

B+

rating

sustainable_energy

Sustainable energy

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

Solar power for self-consumption in a non-profit nursing home in Portugal.

Impact

Switching to LED lighting will generate savings of around 53% on current electricity costs (5.445 kWh/year). At the same time, the photovoltaic system for self-consumption will allow for the production of around 52% of the energy consumed locally, accounting for total energy savings of around 25,4MWh per year (the rough equivalent of 9 Portuguese households’ consumption). This corresponds to avoiding the emission of 7 tonnes of CO2 to the atmosphere every year or to planting 305 trees. Moreover, this will allow the institution to invest the savings in improving its social care services.

“My days have a different meaning here. In the nursing home, I always have things to do, people who understand me and who take good care of me”, said an elderly person from São Cristóvão Parish Social Centre

Project Information

The goal of this campaign is to finance the acquisition and installation of an 11,88kWp photovoltaic system for self-consumption and the replacement of conventional lighting for LED lighting in the São Cristóvão Parish Social Centre, a non-profit institution in Alentejo (Portugal) that provides social services for the elderly and the surrounding communities.

Both the LED system and the solar power plant (consisting of 36 modules of 330 Wp) will allow for significant energy savings in comparison with the current consumption. As solar power becomes less and less expensive, the better the business case for producing electricity for self-consumption, especially in regions with high sun exposure such as Alentejo.

Financial Viability

The generated energy savings will allow for an annual cost reduction of around 4.730€ on electricity bills. This amount is higher than the costs of financing the project (3.770€/year), making this a profitable and sound project from day one.

100% Funded
7 yr

term

4%

a year

6 mth

grace period

monthly

instalment

B+

rating

sustainable_energy

Sustainable energy

11. Sustainable Cities and Communities

SDG 11. Sustainable Cities and Communities

Solar power for self-consumption in a non-profit nursing home in Portugal.

100% Confirmed Amount = € 21.250,00
Reserved Amount = € 0,00
€ 21.250,00

Impact

Switching to LED lighting will generate savings of around 53% on current electricity costs (5.445 kWh/year). At the same time, the photovoltaic system for self-consumption will allow for the production of around 52% of the energy consumed locally, accounting for total energy savings of around 25,4MWh per year (the rough equivalent of 9 Portuguese households’ consumption). This corresponds to avoiding the emission of 7 tonnes of CO2 to the atmosphere every year or to planting 305 trees. Moreover, this will allow the institution to invest the savings in improving its social care services.

“My days have a different meaning here. In the nursing home, I always have things to do, people who understand me and who take good care of me”, said an elderly person from São Cristóvão Parish Social Centre

Project Information

The goal of this campaign is to finance the acquisition and installation of an 11,88kWp photovoltaic system for self-consumption and the replacement of conventional lighting for LED lighting in the São Cristóvão Parish Social Centre, a non-profit institution in Alentejo (Portugal) that provides social services for the elderly and the surrounding communities.

Both the LED system and the solar power plant (consisting of 36 modules of 330 Wp) will allow for significant energy savings in comparison with the current consumption. As solar power becomes less and less expensive, the better the business case for producing electricity for self-consumption, especially in regions with high sun exposure such as Alentejo.

Financial Viability

The generated energy savings will allow for an annual cost reduction of around 4.730€ on electricity bills. This amount is higher than the costs of financing the project (3.770€/year), making this a profitable and sound project from day one.

Centro Social Paroquial de São Cristóvão

Active since
1997
Fiscal Country
Portugal
Operating in
São Cristóvão
Industry
Social Solidarity
GoParity Loans
1
About Centro Social Paroquial de São Cristóvão

The São Cristóvão Parish Social Centre is a non-profit Private Social Solidarity Institution (IPSS) in Alentejo, Portugal, founded in 1997. Its mission is to provide social services for the elderly while supporting surrounding communities. The institution offers 3 main types of services: a Nursing Home, a Day Center and a Home Support Service.

The Business Model

The São Cristóvão Parish Social Center generates income to cover the costs of their activity mostly from the fees paid for the services they offer (nursing home, day care and home support service). Being a charity, the Parish also gets a social allowance from the Government which is paid in relation to the number of people or homes being supported by their activity and donations from citizens and companies.

Track Record

The São Cristóvão Parish Social Centre was founded 23 years ago. The institution currently supports 36 people in total (20 elderly residents in its old people’s home, 9 through the home support service and 7 in the day centre) and it has 17 employees (among them helpers, technical staff, a doctor, a nurse and an entertainer). 

Our risk assessment classifies the promoter with B+, due to the financial stabilitystrong financial ratios and over 268.000€ in bank deposits and total assets of over 330.000€. 

Promoter Rating: B+

Guarantees

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

Centro Social Paroquial de São Cristóvão

Active since
1997
Fiscal Country
Portugal
Operating in
São Cristóvão
Industry
Social Solidarity
GoParity Loans
1
About Centro Social Paroquial de São Cristóvão
The São Cristóvão Parish Social Centre is a non-profit Private Social Solidarity Institution (IPSS) in Alentejo, Portugal, founded in 1997. Its mission is to provide social services for the elderly while supporting surrounding communities. The institution offers 3 main types of services: a Nursing Home, a Day Center and a Home Support Service.
The Business Model

The São Cristóvão Parish Social Center generates income to cover the costs of their activity mostly from the fees paid for the services they offer (nursing home, day care and home support service). Being a charity, the Parish also gets a social allowance from the Government which is paid in relation to the number of people or homes being supported by their activity and donations from citizens and companies.

Track Record

The São Cristóvão Parish Social Centre was founded 23 years ago. The institution currently supports 36 people in total (20 elderly residents in its old people’s home, 9 through the home support service and 7 in the day centre) and it has 17 employees (among them helpers, technical staff, a doctor, a nurse and an entertainer). 

Our risk assessment classifies the promoter with B+, due to the financial stabilitystrong financial ratios and over 268.000€ in bank deposits and total assets of over 330.000€. 

Promoter Rating: B+

Guarantees

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

Payments Status: On time

Payments Status: On time