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100%
24.000 €

100% funded by 303 investors

Alfeijoal Farm II

Location Pin Svg
Santarém, PT

instalment

biannual

term

5 years

yearly interest

7.25%

risk rating

C+

Preparation for spring in an irrigated organic olive grove.

Description

Quinta do Alfeijoal has installed Portugal's first super-intensive organic olive grove, also known as a hedge grove.

After raising €20,000 through the Quinta do Alfeijoal I campaign to finance agricultural operations, this new campaign aims to install a photovoltaic power plant on the promoter’s land to decarbonize their activities.

Quinta do Alfeijoal intends to continue developing and optimizing its organic production methods, creating a resilient and circular ecosystem. Strategically, their commercial focus is on exporting Portuguese organic and conventional agricultural products to major distribution chains in Nordic countries, complementing their olive oil offerings with wines and cheeses. The olive grove was inaugurated by the Minister of Agriculture and Food in April 2022, and has been highlighted as an example of organic production combining sustainability techniques, cultural practices, and energy autonomy, thereby achieving greater profitability than conventional agriculture.

The Impact

Direct:
  • Contribution to Portugal's decarbonization by avoiding CO2 emissions: With a total production of over 49 MWh of clean energy per year, the solar installation will prevent the emission of approximately 4.2 tons of CO2 annually. This is equivalent to the CO2 absorption of 194 trees.

  • Cost reduction for the end customer: Decentralized energy production through renewable sources, close to the point of consumption, helps to avoid distribution costs, making it the most competitive option. Additionally, the company's reduced dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect

  • Promotion of sustainable businesses: The project developed for Quinta do Alfeijoal exemplifies the applicability of solar energy to any business, serving as a reference for similar industries. This is an important step toward sustainability for businesses in Portugal.

Impact Indicators

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4,28 t

CO2 avoided per year

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49,8

MWh clean energy

Sustainable Development Goals

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Financial viability

The maturity of the loan was calculated to ensure that the monthly installments are paid using cash flow generated by the promoter's activity and savings on the electricity bill.

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter Positive Gravity, Unipessoal, LDA by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:

  • Letter of guarantee (letra com aval) from Nuno Mayer Godinho da Camara Jardim, the company's manager and partner.
  • Pledge of movable assets (solar panels, inverters and support structures to be installed)

The Promoter

About PositiveGravity, Unipessoal Lda.

Positivegravity is an agricultural company that manages the 64 hectares of Quinta do Alfeijoal, integrally certified in MPB (organic production method), including 38 hectares of irrigated olive grove, 4 hectares of rainfed olive grove, 16 hectares of forest and a small vineyard and walnut grove.

Quinta do Alfeijoal dates back to the XVIII century and was one of the largest holdings in the region, with an olive grove and olive press, vineyard, winery, fig grove, and distillery. After twenty years of abandonment, partly due to the family's rural exodus, a member of the 5th generation returned to the countryside. Here he installed the first super-intensive irrigated biological olive grove in Portugal.

The promoter has been distinguished with four honorable mentions: 

  • ANJE Young Entrepreneur (Prémio Jovem Empreendedor ANJE), 2002.
  • National Agriculture Award (Prémio Nacional de Agricultura), 2021.
  • BPI National Agriculture Award (Prémio Nacional de Agricultura BPI), 2022.
  • BGI Sustainability Award, 2023.

The company worked with the Portuguese NGO OIKOS to support their program with Small Organic Banana Communities in Peru, responsible for the first organic banana importation to Portugal as part of a FairTrade project.

The team

Nuno Mayer Jardim

linkedin
Head of Operations

With a degree in Marketing and a Master's in Retail Management, Nuno complemented his academic background with agronomic technical training focused on irrigation, plant nutrition, organic M.P., and olive growing. Nuno has over two decades of experience in business development for multinationals, sales, marketing, and logistics. At the same time, moved by other interests, Nuno also worked as a university professor and was in the creator of the first TEDx event in Portugal. At Quinta do Alfeijoal, Nuno is responsible for operations, technically supported by Manuel Castro e Brito, a renowned olive grower from Beja, and Professor Jose Manuel Ucles from Jaen University in Spain.

Business Model

Initially, the company was focused on making Quinta do Alfeijoal productive again. 

The promoter's current goal is the implementation of a solar panel, using an environmental strategy focused on energy, to obtain a profitable and sustainable production.

Active since

2015

Fiscal country

PT

Operating In

Portugal

Industry

Agriculture

Number of Goparity Loans

2

Women Shareholders

No

Updates

2024-12-31

First payment

First instalment was paid to all the investors

2024-06-09

100% funded

298 investors successfully raised 24.000€

2024-06-05

Open for investment

This campaign will help avoid the emission of 43 tons of CO2 per year

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