Projects

Intermarché Solar

100% Confirmed Amount = € 100.000,00
Reserved Amount = € 0,00
€ 100.000,00
100% Funded
5 yr

term

4.7%

a year

3 mth

grace period

monthly

instalment

B

rating

sustainable_energy

Sustainable energy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

Solar energy for self-consumption in an Intermarche franchise supermarket.

Impact

This project will have the following positive impact:

  • Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 267,8 MWh, the photovoltaic system will avoid the emission of 72 tons of CO2, the equivalent to planting 3.272 trees.

  • Cost reduction for the end client: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than recurring to the national grid. Also, the decreased dependence on the national grid, makes the company less vulnerable to price fluctuations.

Moreover, for each developed project, the promoter will take one of the two following initiatives, according to its environmental policy:

  • Donate 10€ for each kW of 100% green energy installed to a non-profit organization.

  • Plant a tree for each kW of 100% green energy installed.

Project Information

The goal of this campaign is to fund 50% of the investment to install a PV solar central in Interlousada, a franchise supermarket, part of the French Group Intermarché, with an independent organizational structure aligned with the strategic values of the brand. Luz Verde, the project promoter, will install, own and operate the PV solar central, in an ESCO model.

The panels are currently being installed on the parking lot coverage structure of the supermarket, which will also be owned and operated by LuzVerde as part of this project.  The central will have a total power of 146,4 kW, combining the benefits of customer comfort with the supermarket’s vision of sustainability and self-sufficiency.

Luz Verde might opt to launch a second campaign to refinance the remaining 50%, now supported by their own capital. During the first 5 years, the power plant will be rented to the supermarket, after which period it will be acquired by the latter. The solar power plant will allow for significant energy savings in comparison with the supermarket's current consumption, as well as a reduction in its electricity bill.

Financial Viability

During the first 60 months, LuzVerde will be renting the photovoltaic power plant for a variable rent indexed to the expected production of the central (5.704,42€). At the end of the 60 months, the car wash can acquire the central for € 6.153,11. During the first 60 months, the structure presents a cost to the supermarket, due to the car park shadow structure. After acquiring the central, it will save €2.740,29 a month on electricity bills.

100% Funded
5 yr

term

4.7%

a year

3 mth

grace period

monthly

instalment

B

rating

sustainable_energy

Sustainable energy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

Solar energy for self-consumption in an Intermarche franchise supermarket.

100% Confirmed Amount = € 100.000,00
Reserved Amount = € 0,00
€ 100.000,00

Impact

This project will have the following positive impact:

  • Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 267,8 MWh, the photovoltaic system will avoid the emission of 72 tons of CO2, the equivalent to planting 3.272 trees.

  • Cost reduction for the end client: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than recurring to the national grid. Also, the decreased dependence on the national grid, makes the company less vulnerable to price fluctuations.

Moreover, for each developed project, the promoter will take one of the two following initiatives, according to its environmental policy:

  • Donate 10€ for each kW of 100% green energy installed to a non-profit organization.

  • Plant a tree for each kW of 100% green energy installed.

Project Information

The goal of this campaign is to fund 50% of the investment to install a PV solar central in Interlousada, a franchise supermarket, part of the French Group Intermarché, with an independent organizational structure aligned with the strategic values of the brand. Luz Verde, the project promoter, will install, own and operate the PV solar central, in an ESCO model.

The panels are currently being installed on the parking lot coverage structure of the supermarket, which will also be owned and operated by LuzVerde as part of this project.  The central will have a total power of 146,4 kW, combining the benefits of customer comfort with the supermarket’s vision of sustainability and self-sufficiency.

Luz Verde might opt to launch a second campaign to refinance the remaining 50%, now supported by their own capital. During the first 5 years, the power plant will be rented to the supermarket, after which period it will be acquired by the latter. The solar power plant will allow for significant energy savings in comparison with the supermarket's current consumption, as well as a reduction in its electricity bill.

Financial Viability

During the first 60 months, LuzVerde will be renting the photovoltaic power plant for a variable rent indexed to the expected production of the central (5.704,42€). At the end of the 60 months, the car wash can acquire the central for € 6.153,11. During the first 60 months, the structure presents a cost to the supermarket, due to the car park shadow structure. After acquiring the central, it will save €2.740,29 a month on electricity bills.

Frontrow Lda

Active since
2015
Fiscal Country
Portugal
Operating in
Portugal
Industry
Renewable Energy
GoParity Loans
4
About Frontrow Lda

LuzVerde (Frontrow Lda) is part of a group with over ten years of experience providing energy services. Based in Northern Portugal, its main activity is to develop solar energy solutions for self-consumption for household, industry, and commerce. The company provides the following services: 

  • Technical evaluations to measure the estimated energy consumption of the contractor and to evaluate the characteristics of the location where the plants will be installed.

  • Installation of the photovoltaic panels.

  • Help with the licensing and certification processes.

  • Monitoring, maintenance, and operation after the installation in order to guarantee that the panels are kept at the highest production capacity possible.

  • Support the project financing.

The Business Model

The promoter’s main activity is to develop solar energy projects. It usually operates following an ESCO (Energy Service Company) model

The finance model of these contracts is based on an initial investment made by the energy service company (ESC) – in this case, Luz Verde. The remuneration consists of the positive difference between the estimated energy savings and the effective energy savings. Therefore, in this model, the contracting entity is reassured that its energy costs will be lower than what would happen in normal circumstances. This means that the impact on its budget is always positive, once the ESE assumes the risk for the payment of any costs that exceed what was initially contracted.

Track Record

With over 10 years of experience, the project promoter currently has ten employees.

With projects throughout the whole Portuguese territory, its clients are mostly companies. Overall, they have developed projects with a total capacity of 1380 kW.

Promoter Rating: B

Guarantees

This project is guaranteed with 50% of the pledge of the equipment installed and a personal guarantee from the business owner.

Frontrow Lda

Active since
2015
Fiscal Country
Portugal
Operating in
Portugal
Industry
Renewable Energy
GoParity Loans
4
About Frontrow Lda

LuzVerde (Frontrow Lda) is part of a group with over ten years of experience providing energy services. Based in Northern Portugal, its main activity is to develop solar energy solutions for self-consumption for household, industry, and commerce. The company provides the following services: 

  • Technical evaluations to measure the estimated energy consumption of the contractor and to evaluate the characteristics of the location where the plants will be installed.

  • Installation of the photovoltaic panels.

  • Help with the licensing and certification processes.

  • Monitoring, maintenance, and operation after the installation in order to guarantee that the panels are kept at the highest production capacity possible.

  • Support the project financing.

The Business Model

The promoter’s main activity is to develop solar energy projects. It usually operates following an ESCO (Energy Service Company) model

The finance model of these contracts is based on an initial investment made by the energy service company (ESC) – in this case, Luz Verde. The remuneration consists of the positive difference between the estimated energy savings and the effective energy savings. Therefore, in this model, the contracting entity is reassured that its energy costs will be lower than what would happen in normal circumstances. This means that the impact on its budget is always positive, once the ESE assumes the risk for the payment of any costs that exceed what was initially contracted.

Track Record

With over 10 years of experience, the project promoter currently has ten employees.

With projects throughout the whole Portuguese territory, its clients are mostly companies. Overall, they have developed projects with a total capacity of 1380 kW.

Promoter Rating: B

Guarantees

This project is guaranteed with 50% of the pledge of the equipment installed and a personal guarantee from the business owner.

Payments Status: On time

2020-10-23

100% funded

363 investors successfully raised 100.000€

2020-10-08

New target

After raising 75.000 € in only 1 week, the promoter decided to increase the global investment amount of its campaign to 100.000 €. Simultaneously, the project is now guaranteed with 66,7% of the pledge of the equipment installed (instead of 50%). All the other offer conditions remain the same.

2020-10-01

Open for investment

This campaign will help avoid the emission of 72 tons of CO2 per year

Payments Status: On time

2020-10-23

100% funded

363 investors successfully raised 100.000€

2020-10-08

New target

After raising 75.000 € in only 1 week, the promoter decided to increase the global investment amount of its campaign to 100.000 €. Simultaneously, the project is now guaranteed with 66,7% of the pledge of the equipment installed (instead of 50%). All the other offer conditions remain the same.

2020-10-01

Open for investment

This campaign will help avoid the emission of 72 tons of CO2 per year