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Confirmed Amount = 24.727,04 €
Reserved Amount = 10.120,01 €

34.847,05 €

31% Funded
114.000 €

47 days left to close

Solar Shoes Factory

Location Pin Svg
Vila Nova de Gaia, PT

instalment

monthly

term

10 years

yearly interest

5.1%

risk rating

B

Photovoltaic plant for a shoes factory

Description

Upperglobal is a shoe factory in Vila Nova de Gaia, Portugal.

The aim of this campaign is to finance:

  • A photovoltaic plant with 73 solar panels and a total capacity of 40,88 kWp, expected to generate 64 MWh of clean energy per year, along with an inverter, a support structure and a monitoring system;
  • A battery for energy storage;
  • The safe removal of asbestos from the existing roof, its replacement with a new, safer structure for employees, and all associated labour costs.

The solar panels will be installed and maintained by Luz Verde, a company specialising in solar photovoltaic installations.

The Impact

Direct 

  • Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 64 MWh per year, the solar plant will avoid the emission of about 2,8 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 129 trees.
  • Cost reduction for the end customer: decentralized energy production through renewable sources, close to the place of consumption, helps to avoid distribution costs, this being the most competitive option. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges. In addition, by using batteries to store surplus energy, the company can take advantage of green energy even during periods without sunlight.
  • Improving the health and well-being of staff: the removal of an asbestos roof (asbestos cement cover) at the Factory has direct health benefits for all who attend it. The use of asbestos in buildings has been banned in the European Union since 2005 and its presence has been associated with cases of cancer and other lung diseases, due to the inhalation of its fibers. The removal of asbestos in buildings (roofs, fire doors, pipes, and cisterns) must be performed by technicians and specialized companies so that safety is guaranteed.

Indirect

  • Promoting sustainable business: the project developed for Upperglobal is an example of the applicability of solar power for any business, and in this case serves as a benchmark to similar industries, an important step towards sustainability for businesses in Portugal.

Impact Indicators

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2.86 T

CO2 avoided per year

Metrics Svg

64.86 Mwh

clean energy

Sustainable Development Goals

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Financial viability

The promoter's operational profits are expected to support the repayment of the financing from the Goparity investors.

This project has a minimum target of 91.200,00€.

As stated in Part B of the KIIS document (Key Investment Information Sheet), the minimum targeted loan amount is 91.200,00€, this means the funding campaign can close with any amount between 91.200,00€ and 114.000,00€ on the end date.

PDF Logo Svg

Download the Financial Statements for the promoter here

PDF Logo Svg

Download Key Investment Information Sheet

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Guarantees

The loans granted to the promoter UPPERGLOBAL - COMÉRCIO DE COMPONENTES PARA CALÇADO, LDA, by investors will be secured, as provided for in the loan agreements associated with the campaign, by the following:

  • First-degree commercial pledge, under Portuguese law, provided by UPPERGLOBAL - COMÉRCIO DE COMPONENTES PARA CALÇADO, LDA on movable assets to be acquired with the amount obtained through this crowdlending campaign, amounting to an LTV (Loan To Value) of 101,25%, which will be provided by Frontrow, LDA. with the following NIPC 513403760 and website https://www.luz-verde.pt/, namely: 
    • Photovoltaic system with a power of 40,88 kWp (comprising 73 PEIMAR solar panels, model OR10H560M with a power of 560W, 1 HUAWEI SUN2000 36KTL-M3 inverter, a support structure, a UPAC board, a monitoring system) with a purchase price of 91.089,26 euros (excluding VAT), and;
    • 1 HUAWEI LUNA2000 30KWH battery with a purchase price of 21.500,00 euros (excluding VAT).

The total purchase price of the above-mentioned equipment is 112.589,26 euros. However, the total budget price is 164.000 euros, as it also includes the costs of asbestos removal and labour.

The Promoter

About UPPERGLOBAL - COMÉRCIO DE COMPONENTES PARA CALÇADO LDA

Upperglobal – Comércio de Componentes para Calçado, Lda is a company with more than 25 years of experience in the footwear sector. Headquartered in Vila Nova de Gaia, the company specialises in the wholesale distribution of components and accessories for footwear.

Business Model

Upperglobal’s activity focuses on the wholesale trade of footwear components and accessories, supported by a logistics structure that aims to ensure consistent and timely delivery to its clients.

Active since

Fiscal country

PT

Operating In

Women Shareholders

No

Updates

2025-08-26

Open for investment

This campaign will help avoid the emission of 3 tons of CO2 per year

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