Description

The aim of this campaign is to finance two photovoltaic plants for self-consumption in two Social Solidarity Institutions: Centro Social de Margem, in Gavião, a small town in Alento, Portugal, and Centro de Dia e Lar de Nossa Senhora da Graça de Degolados, in Campo Maior, a small town in the same region.

The two solar power plants will have a total power of 34,9kWp installed which will produce 49,2 MWh of clean energy per year.

The installation and operation of the solar panels will be carried out by Pleno Energia, a Portuguese energy commercialization and energy services company which will also be the project’s promoter and owner of the solar panels, as well as the energy producer and trader.

A PPA (Power Purchase Agreement) has been signed between the promoter and the two institutions. A PPA is a long-term agreement (in this case, 12 years) with a fixed price, for the purchase and sale of clean energy established between a renewable energy producer (in this case Pleno Energia) and the entity that consumes electricity (in this case, the institutions). The two institutions will therefore reduce their consumption energy from the national electricity grid and will start consuming energy from the panels to be installed.

In turn, Pleno Energia will sell the energy at a 20% discount for a period of 12 years after the installation of the panels. After this period, the panels will become the property of the institutions.

The Impact

Direct:

• Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 49,2 MWh, the photovoltaic system will avoid the emission of 10 tons of CO2, the equivalent to planting 454 trees.

Indirect:

• Cost reduction for the social solidarity institutions: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than resorting to the national grid. This reduction on electricity costs will allow the institution to invest the savings in improving its social care services. Also, the decreased dependence on the national grid makes the company less vulnerable to price fluctuations.

Impact Indicators

10 t

CO2 avoided per year

49,2

MWh clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download Key Investment Information Sheet

Guarantees

This project is guaranteed with the pledge of the equipment installed. The loan will be made to Pleno Energia, which assumes its risk.

The Promoter

About PLENOENERGIA, S.A.

Founded in 2017 and officially in 2019, PlenoEnergia has the mission to bring energy to everyone easily and uncomplicatedly. It has a multidisciplinary management team, in the areas of Banking, Commercial and Marketing, and renewable energies, with over 15 years of experience in the national and international markets.

PlenoEnrgia wants to be more than just an energy trader in the free market, offering representation services to large consumers and electrical supply to consumers in general. The company aims to be among the largest players in the market for renewable energy solutions for self-consumption and energy efficiency. With a long-term portfolio of assets in Portugal, Spain, France, Luxembourg, Brazil, and Cape Verde, the goal is to expand to 50 countries by 2030.

The company has more than 100 direct employees in its various operations. Later this year, PlenoEnergia plans to expand to Dubai and the United States of America, where it is already in the business development phase.

PlenoEnergia, has an engineering and operations team which guarantees in-house installation services, including a customized 360 service that can include: Heat pump installation on a performance basis, the installation of electric vehicle chargers on an operating basis (as OPC), the installation of lighting on a savings sharing basis, among other services.

The team

Eurico Sobral

CEO

Founder and CEO of PlenoEnergia for Europe, Africa and Latin America. Eurico has vast experience in commercial strategy. Graduated in electronics and telecommunications from Escola Profissional do Arsenal do Alfeite

Rodolfo Vacas

Business Manager

After a sports career and a background in Management Informatics, Rodolfo has been part of the team for two years.

André Leite Velho

Project manager

With a degree in Renewable Energy Engineering and several years of experience in the area, he is the technical manager responsible for managing solar energy projects.

Tiago Machado

Marketing Administrator

Tiago Machado is a Marketing administrator.

Carlos Almeida

Shareholder and director

With a career in management, Carlos is now a shareholder and director of the company.

Business Model

Updates