Description

The goal of this campaign is to fund 50% of the investment to install a PV solar central in Interlousada, a franchise supermarket, part of the French Group Intermarché, with an independent organizational structure aligned with the strategic values of the brand. Luz Verde, the project promoter, will install, own and operate the PV solar central, in an ESCO model.

The panels are currently being installed on the parking lot coverage structure of the supermarket, which will also be owned and operated by LuzVerde as part of this project.  The central will have a total power of 146,4 kW, combining the benefits of customer comfort with the supermarket’s vision of sustainability and self-sufficiency.

Luz Verde might opt to launch a second campaign to refinance the remaining 50%, now supported by their own capital. During the first 5 years, the power plant will be rented to the supermarket, after which period it will be acquired by the latter. The solar power plant will allow for significant energy savings in comparison with the supermarket's current consumption, as well as a reduction in its electricity bill.

The Impact

This project will have the following positive impact:

• Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 267,8 MWh, the photovoltaic system will avoid the emission of 72 tons of CO2, the equivalent to planting 3.272 trees.

• Cost reduction for the end client: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than recurring to the national grid. Also, the decreased dependence on the national grid, makes the company less vulnerable to price fluctuations.

Moreover, for each developed project, the promoter will take one of the two following initiatives, according to its environmental policy:

• Donate 10€ for each kW of 100% green energy installed to a non-profit organization.

• Plant a tree for each kW of 100% green energy installed.

Impact Indicators

27,2 t

CO2 avoided per year

133,9

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 50% of the pledge of the equipment installed and a personal guarantee from the business owner.

The Promoter

About Frontrow Lda

LuzVerde (Frontrow Lda) is part of a group with over ten years of experience providing energy services. Based in Northern Portugal, its main activity is to develop solar energy solutions for self-consumption for household, industry, and commerce. The company provides the following services:

• Technical evaluations to measure the estimated energy consumption of the contractor and to evaluate the characteristics of the location where the plants will be installed.
• Installation of the photovoltaic panels.
• Help with the licensing and certification processes.
• Monitoring, maintenance, and operation after the installation in order to guarantee that the panels are kept at the highest production capacity possible.
• Support the project financing.

The team

Adriana Oliveira

Founder & CEO

Business Model

Updates

2020-11-27

Project implemented and in operation

The promoter has confirmed that the solar panels have been installed and that the project is operating.