Sport Algés D.

Sport Algés D.

100% FINANCIADO

100% Financed [72500€]

Amount raised in GoParity

72 500,00€

Investors

82

Closed in

4 days

Interest rate

4.45%

Term

72Months

Total Investment

145 000,00€

Sport Algés D.

by SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Project start date

30/11/2018

Description

The project

Sport Algés and Dafundo (SAD) is a centennial club with a strong olympic presence. Today it is one of the main actors of amateur sports development in Portugal, w hich is well proven by the results obtained in some of the most significant competitions in which it has participated in the last years and where it has achieved successive national titles. SOLVasto will install a photovoltaic power plant with a capacity of 142 kWp at the club which will produce 230 MWh of solar energy per year. As a non-profit club, this project will enable SAD to achieve greater financial sustainability, which is extremely important in ensuring its success, and to set an example for thousands of young people by adopting clean and renewable energy technology.

Impact

The estimated annual production is 230 MWh of clean energy, enough to cover 50% of their current consumption in natural gas. The project has an environmental impact equivalent to the reduction of the energy consumption of 98 Portuguese families.

With several sporting modalities, in the most diverse age groups, SAD is a collective with a great impact on the youth of its region (more than 2 500 active athletes), not only from the sports point of view, but also from the social integration of young people. It is also worth highlighting the club's efforts to support the studies of young sportsmen and sportswomen.

The Business Model

This project is a partnership between SAD and SOLvasto. The latter is the promoter of the project and the entity that will realize the investment of € 145,000, of which 50% is equity and 50% summoned by GoParity investors.

The photovoltaic plant is a small production unit. The licenses for production and sale of the electricity to the grid are already issued with a guaranteed tariff for a period of 15 years. Between SOLvasto and SAD, a lease agreement was established for the same period of time, after which the ownership of the plant is transferred to SAD. During this 15-year period, SAD and SOLvasto share the economic benefits of the project.

What if the campaign does not reach 100%?

In the event of the campaign not raising the total amount foreseen, it is up to the promoter (SOLvasto) to decide between:

- Co-financing the remainder, continuing with the project and the regular payment plan to their investors

- Do not continue the project, with investors being reimbursed in the total amount of their investments

Early repayment of investment

GoParity is developing a trading market to provide liquidity to investors in our community and at the same time expand investment opportunities. Very soon, through your personal area, you will have the option of placing your investment in the market and other investors will be able to submit an offer to take your position.

Early liquidation is always dependent on the existence of a counterparty available to take the position, and there is no guarantee that this can happen at any time.

Minimization of risk and guarantees

Lending is always a risky investment, which can result in the partial or total loss of your capital.

GoParity takes the necessary steps to minimize the risk of each project. This loan is secured by the pledge of the photovoltaic plant (panels and inverters). The credit with pledge comply with the category of guaranteed credit, and is therefore an additional guarantee in the event of a general breach by the promoter.

Informação ao Investidor (IFIFC)

Promoter's Description

SOLVasto has a team with more than 10 years of experience in consulting and applied engineering in energy efficiency projects, managing the whole process since tailor made solutions to licensing, procurement, financing, monitoring and maintenance and operation of photovoltaic systems.

The Installer

A reference in installation and maintenance in the photovoltaic sector with proved track record, Redeforte works under the license (IMPIC) n.º 71772. The company has currently more than 18 MWp of installed PV projects in its portfolio, that produce about 26 GWh/year of clean energy, avoiding more than 3.600 tons of CO2 emissions per year.

Sport Algés D.

by SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Electricity Destination

Rede elétrica

Capacity

142 kW

Estimated Annual Production

227 MWh

Equipment's brand and model

Type

Brand

Model

Guarantee

Sport Algés D.

by SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Remuneration Rate

0.0998 €/kWh

Estimated Annual Revenue

22 000,00€

Sources of Financing and Investment Structure

50% GoParity, 50% Solvasto

Project Brochure

Sport Algés D.

by SOLVASTO - PROJETOS E INVESTIMENTO, LDA

Date of Commissioning

01/12/2018

Estimated Construction Start Date

29/10/2018

Development Phase

planeamento

Licencing Authority

DGEG

Licensing Date

31/08/2018