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Settled by the promoter
Energy Superbonus IV
Rome, IT
instalment
monthly
term
2 years
yearly interest
5%
risk rating
B
Publicly financed property rehabilitation and energy efficiency.
Description
Collectively, buildings in the EU are responsible for 40% of our energy consumption and 36% of greenhouse gas emissions, which mainly stem from construction, usage, renovation and demolition.
“Primavera in Casa”, a trademark of ADRE HYDROPOWER SRL., is the number one solution in Italy for property rehabilitation with a focus on energy efficiency and anti-seismic measures. Primavera in Casa provides services for full property renovation at minimum cost, thanks to the Italian "Superbonus" Law.
The Superbonus is an Italian law through which the Italian Government gives back 110% of renovation expenses to the property owners in the form of tax credits. The tax credits can be used to pay for bank loans conceded to finance the renovation costs and to construction companies.
This campaign aims at raising funds for:
- cofinancing the renovation works at the condominium "Via Grande Muraglia", which are currently in progress and are planned to be finished in 9 to 12 months.
ADRE has a large pipeline of condominiums to begin restructuring and has already begun work on several others. These renovation works will make Italian buildings more energy-efficient, thus reducing CO2 emissions and costs for the owners.
This law is complex and the time between the start of the renovation to the cash out of the tax credit is long. ADRE performs the construction work and handles all the financing bureaucracy with the Bank to which the property owners can pay using the tax credits. The promotor seeks legal and fiscal support from expert companies who guarantee tax and legal due diligence on each project and also a provider for technical due diligence.
After raising 345.000€ in three successful campaigns (Italian Energy Superbonus I, II and III) we have now decided to run more campaigns for the promotor's pipeline.
The Impact
Direct
- Improvement in buildings’ energy efficiency: the solutions implemented by ADRE consist in the installation of photovoltaic plants, energy-efficient building envelopes, electric vehicle chargers and energy-efficient windows. A building renovated by ADRE with the Primavera in Casa program reaches the A-Class in building efficiency. This is an important step for Italian buildings and energy efficiency strategy, since Italy is one of the countries with the largest amount of energy used per m2 (more than 1,5 times higher than the EU average), and its buildings are on average E-Class. A more efficient house consumes less energy, thus leading to lower CO2 emissions and better thermal comfort.
- Improvement in buildings’ anti-seismic resistance: Italy is one of the Mediterranean countries with the highest earthquake risk, and only 25% of buildings are made considering earthquake-resistant principles. The solutions implemented by ADRE consist of works on the reinforcement of the building’s main structure, to increase anti-seismic resistance.
Indirect
- Sustainable buildings and infrastructure: ADRE has renovated around 100 buildings already, and this loan will support the Primavera in Casa to reach more buildings. For the renovation, ADRE uses only non-toxic and some biodegradable and recycled materials.
- Creation of jobs: the implementation of all projects will allow ADRE to hire up to 10 people in the next years.
Impact Indicators
2
jobs created
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
This loan serves as leverage for beginning more projects and growing ADRE's Primavera in Casa business. GoParity's investor's exposure to the investment is low since the estimated total investment for a new project is 500.000€. ADRE is heavily investing on this business with its own funds from the business activity and company equity. In addition, since ADRE sells a package with financing for homeowners, it is paid directly by banks and not by the homeowners.
Download Key Investment Information Sheet
The Promoter
About ADRE HYDROPOWER S.R.L.
ADRE HYDROPOWER SRL was founded in 2001 by Claudio Francesco Barbano in Rome (Italy) as a civil construction company. Over the years, it has entered Albania, Kosovo, Serbia, South America, Indonesia, and South Africa. investing in hydropower plants. In 2009, it entered Chile and Indonesia and recently South Africa.
In 2012, one of the company’s projects (Albanian Hydropower Plant) received financing from the European Bank of Reconstruction, with an EU incentive for its contribution to CO2 emission reduction
With the implementation of the Superbonus law in Italy in 2019, ADRE created the project “Primavera in Casa”, to rehabilitate buildings to make them safer and more efficient.
The Group currently employs 20 people, and it expects to hire 15-30 employees in the next months.
ADRE's financing was supported by ENEFIIN, as a Goparity Italian partner.
The team
Claudio Barbano
Roberto Donzelli
Business Model
ADRE’s business model is based on a strong relationship with property owners managers. After the relationship is established, the company offers a full package to its client that includes financing, technical, fiscal and legal due diligence. The company's motto is “We buy your tax credit, we do all the works, you renovate your home at zero cost”.
For the funding, ADRE partners with large Italian banks (IntesaSanPaolo and Banca Reale). For the tax and due diligence, it has a relationship with KPMG, Deloitte and Protos Engineering, other than a network of independent technical professional
After the contract is signed, the company starts the construction works, getting paid according to the work progress.
Active since
2001
Fiscal country
IT
Operating In
"Europe, South America, Africa"
Industry
Construction
Number of Goparity Loans
7
Women Shareholders
No
Website
https://primaveraincasa.com/Updates
2024-06-07
Project End
This project has successfully reached its payments plan maturity. All investors have received their full capital invested and interest. Nevertheless, its impact will keep growing for many more years!
2022-07-08
First payment
First instalment was paid to all the investors
2022-06-07
100% funded
1042 investors successfully raised 150.000€
2022-05-30
Open for investment
This campaign is open for investment
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