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100% Funded
6 yr
term
5.2%
a year
6 mth
grace period
monthly
instalment
C+
rating
Sustainable energy
SDG 7. Affordable and Clean Energy
SDG 11. Sustainable Cities and Communities
SDG 13. Climate Action
Solar power for self-consumption in a charity in Portugal.
Impact
The photovoltaic system for self-consumption will allow for the production of around 78% of the energy consumed locally, accounting for total energy savings of around 22,52 MWh/year. This corresponds to avoiding the emission of 6 tonnes of CO2 to the atmosphere every year or planting 275 trees. Moreover, this will allow the institution to invest the savings in improving its social care services. For example, finishing the construction of the Day Care Centre that will support the elderly.
Project Information
Landal Community Development Centre (Centro de Desenvolvimento Comunitário do Landal - CDCL) is a charity focused on local development in the centre of Portugal. Their activities cover a nursing home for elderly people, home support, a social shop, professional training and a rural museum targeted at the whole Landal Parish and its surrounding population.
Their aim with this campaign is expand the institution’s self-consumption capacity, by financing the installation of solar panels with 13,4kWp of power. With an estimated annual production of 22,52 MWh, the photovoltaic plant will allow for significant energy savings in comparison with the current consumption. This will make the charity 78% self-sufficient in terms of energy.
This is the second solar energy project for CDCL, coming after the successful financing of the first one, which aimed to finance a 10 kWp capacity PV plant for self-consumption and an LED lighting system. The amount was also raised through GoParity - 24.000,00€ raised in only in one day.
The combination of high electricity costs and with solar power becoming less and less expensive, the better the business case for producing electricity for self-consumption, especially in regions with high sun exposure.
Financial Viability
The electricity produced for self-consumption will generate yearly savings of 3.662€, whilst the financial cost of the loan is 3.772€. Considering the initial investment of 18.000€, the payback period is 5,1 years and the internal interest rate (IRR) is 26,45%. It was the promoter’s decision to have a higher cost of capital when compared to the yearly saving, given the fact that they are a solid institution with stable accounts, showing profitability in the previous years.
Attached Documents
100% Funded
6 yr
term
5.2%
a year
6 mth
grace period
monthly
instalment
C+
rating
Sustainable energy
SDG 7. Affordable and Clean Energy
SDG 11. Sustainable Cities and Communities
SDG 13. Climate Action
Solar power for self-consumption in a charity in Portugal.
Impact
The photovoltaic system for self-consumption will allow for the production of around 78% of the energy consumed locally, accounting for total energy savings of around 22,52 MWh/year. This corresponds to avoiding the emission of 6 tonnes of CO2 to the atmosphere every year or planting 275 trees. Moreover, this will allow the institution to invest the savings in improving its social care services. For example, finishing the construction of the Day Care Centre that will support the elderly.
Project Information
Landal Community Development Centre (Centro de Desenvolvimento Comunitário do Landal - CDCL) is a charity focused on local development in the centre of Portugal. Their activities cover a nursing home for elderly people, home support, a social shop, professional training and a rural museum targeted at the whole Landal Parish and its surrounding population.
Their aim with this campaign is expand the institution’s self-consumption capacity, by financing the installation of solar panels with 13,4kWp of power. With an estimated annual production of 22,52 MWh, the photovoltaic plant will allow for significant energy savings in comparison with the current consumption. This will make the charity 78% self-sufficient in terms of energy.
This is the second solar energy project for CDCL, coming after the successful financing of the first one, which aimed to finance a 10 kWp capacity PV plant for self-consumption and an LED lighting system. The amount was also raised through GoParity - 24.000,00€ raised in only in one day.
The combination of high electricity costs and with solar power becoming less and less expensive, the better the business case for producing electricity for self-consumption, especially in regions with high sun exposure.
Financial Viability
The electricity produced for self-consumption will generate yearly savings of 3.662€, whilst the financial cost of the loan is 3.772€. Considering the initial investment of 18.000€, the payback period is 5,1 years and the internal interest rate (IRR) is 26,45%. It was the promoter’s decision to have a higher cost of capital when compared to the yearly saving, given the fact that they are a solid institution with stable accounts, showing profitability in the previous years.
Attached Documents
Centro de Desenvolvimento Comunitário do Landal
About Centro de Desenvolvimento Comunitário do Landal
Landal Community Development Centre is a charity, founded in 1997. Its mission is to fomente social solidarity, local development by providing high quality services to families and citizens in na integrated na sustainable way, in cooperation with other entities, as a way to improve the life quality of citizens and promote equal opportunities. Its activities go from a Day Care for elderly people, Home Support, a Social Shop, Professional Training and a Rural Museum targeted at the whole Landal Parish and its surrounding population. It is an Institution located in the Parish of Landal in the village of Rostos, 24 km from the host city of the municipality of Caldas da Rainha.
The Business Model
The Landal Community Development Centre is a sound institution with stable accounts (over 43.000€ in bank deposits and 1 M € in fixed assets). They have been profitable in recent years. Their income mainly comes from the fees paid for the services they offer (nursing home, home support service, social shop and rural museum) and from donations from citizens and companies.
Track Record
The Landal Community Development Centre’s history goes back to 1975, when Centro de Recreio Popular dos Rostos was founded. The institution had a sports and recreational vision, dedicating itself to organizing cultural and sporting events. 23 years ago, this centre evolved into a Private Institution for Social Solidarity (I.P.S.S.) with public utility. This institution came into existence in 1997 to respond to the need of an institution that could provide social support to the surrounding population.
This new institution developed activities in different areas of social solidarity and local development, covering all age groups of the population in the Parish of Landal and neighbouring areas. Thus, in 2005, it adopted the new designation of Landal Community Development Centre (Centro de Desenvolvimento Comunitário do Landal - CDCL).
At the present time, CDCL provides the following:
-
Recreational centre, operating daily mainly dedicated to the elderly population
-
Service care facilities – a place where people can go to for services that are originally were just provided in the city centre, such as the post office
-
Home Support to the elderly and other people in need of care or in a vulnerable situation (operating since 1998)
-
Integrated Home Support that together with health services guarantees continued services during the weekends and national holidays, with medical and nursing assistance
-
Social Store offering at low/economical prices: clothing, personal hygiene products, cleaning products, home supplies, school and office supplies
-
Professional and sectorial training
-
Bureau for employability: their mission is to integrate or reintegrate unemployed people or people looking for new opportunities, promoting self-development, talent and continuous knowledge and apprenticeship.
Also soon to be finished is the Day Care Centre that will support the elderly. Our risk assessment classifies the promoter with C+.
Promoter Rating: C+
Guarantees
This project is guaranteed with the pledge of the equipment installed.
Centro de Desenvolvimento Comunitário do Landal
About Centro de Desenvolvimento Comunitário do Landal
The Business Model
The Landal Community Development Centre is a sound institution with stable accounts (over 43.000€ in bank deposits and 1 M € in fixed assets). They have been profitable in recent years. Their income mainly comes from the fees paid for the services they offer (nursing home, home support service, social shop and rural museum) and from donations from citizens and companies.
Track Record
The Landal Community Development Centre’s history goes back to 1975, when Centro de Recreio Popular dos Rostos was founded. The institution had a sports and recreational vision, dedicating itself to organizing cultural and sporting events. 23 years ago, this centre evolved into a Private Institution for Social Solidarity (I.P.S.S.) with public utility. This institution came into existence in 1997 to respond to the need of an institution that could provide social support to the surrounding population.
This new institution developed activities in different areas of social solidarity and local development, covering all age groups of the population in the Parish of Landal and neighbouring areas. Thus, in 2005, it adopted the new designation of Landal Community Development Centre (Centro de Desenvolvimento Comunitário do Landal - CDCL).
At the present time, CDCL provides the following:
-
Recreational centre, operating daily mainly dedicated to the elderly population
-
Service care facilities – a place where people can go to for services that are originally were just provided in the city centre, such as the post office
-
Home Support to the elderly and other people in need of care or in a vulnerable situation (operating since 1998)
-
Integrated Home Support that together with health services guarantees continued services during the weekends and national holidays, with medical and nursing assistance
-
Social Store offering at low/economical prices: clothing, personal hygiene products, cleaning products, home supplies, school and office supplies
-
Professional and sectorial training
-
Bureau for employability: their mission is to integrate or reintegrate unemployed people or people looking for new opportunities, promoting self-development, talent and continuous knowledge and apprenticeship.
Also soon to be finished is the Day Care Centre that will support the elderly. Our risk assessment classifies the promoter with C+.
Promoter Rating: C+
Guarantees
This project is guaranteed with the pledge of the equipment installed.
Payments Status: On time
Payments Status: On time