The two projects have a direct impact on CO2 reduction. By producing 75.080 KWh a year, they will avoid the emission of 30 tons of CO2 per year, the equivalent to planting 1.364 trees and to the annual consumption of 20 European households. Besides this, both companies will lower their electricity costs.
There are also some indirect impacts worth mentioning – the two projects will raise awareness on the use of renewable energy once both facilities receive a significant number of people a year.
The goal of this campaign is to finance two solar photovoltaic projects in the Brazilian states of Rio de Janeiro and Santa Catarina.
The project promoter is the ReCap Group, an organisation with over 10 years of experience in renewable energy and energy efficiency projects.
Here are some of the main features of the projects:
Multi Open Shopping
Multi Open Shopping is located in beautiful Florianópolis, a city in the south of Brazil. This commercial complex was inaugurated in 2018 and has over 30 stores and restaurants and 155 office rooms.
Since its creation, sustainability has always been an important aspect of Multi Open Shopping. This reflects in initiatives such as its own sewage treatment plant; a system to collect rainwater which is then used for cleaning, irrigation, and toilets; Plastic usage avoidance (for example, by not offering plastic straws or cups); and the development of the Movement MULTI Mercado Verde, which promotes a sustainable economy, strengthening responsible consumption and production.
The solar PV plant installation was completed this April and is just awaiting the approval for grid connection, which has been delayed due to COVID-19, but shall happen very soon. The PV plant has the following technical characteristics:
Installed capacity: 26,25 kWp
Estimated annual production: 32.772 kWh per year
Annual CO2 reduction forecast: 13,11 tons per year (approximately the emissions of a passenger gasoline car when travelling 97.111 km)
The shopping mall project will be re-financed with this campaign. The capital that ReCap has invested in the project will be used for further expansion in the Brazilian market.
Americano Futebol Clube – Brazil
Americano Futebol Clube is a nonprofit organisation based in Campos de Guaytacazes, a city in the state of Rio de Janeiro, Brazil. Founded in 1914, Americano is more than just a football club for its surrounding community. Besides football, the club has facilities for practicing other Olympic and Paralympic sports, as well as being a promoter of social, educational, and cultural activities. After their old stadium was demolished in 2014, a new one is being built which will have capacity for around eleven thousand people. The new stadium will be located next to its current training centre where the solar PV plant will be installed. The system will have the following technical characteristics:
Installed capacity: 29,92 kWp
Estimated annual production: 42.308 kWh per year
Annual CO2 reduction forecast: 16,92 tons per year (approximately the emissions of a passenger gasoline car when traveling 125.333 km)
The plant will be built as soon as the campaign is over and the funds are released.
In exchange for the benefits provided by the solar PV system, the client pays ReCap a monthly fee throughout the contract term (8 and 18 years).
The fee is based on the prices charged by the local utility, over which the client is granted a fixed discount. In this sense, the client will always have a benefit from using the energy from the PV system. The energy that cannot be supplied by the PV system is bought from the grid.
The fees paid by the client allow ReCap to pay back its investors and covers the operations required for the development and management of the project.
Payments Status: On time