Praia da Rocha Solar Club

Solar energy for self-consumption at the Praia da Rocha Club in Algarve.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

4.25

Term

months

Risk level

B-

What will you be financing?

The aim of this campaign is to fund two photovoltaic plants for self-consumption at the Praia da Rocha Club, Portugal’s largest condominium located at Praia da Rocha beach in Portimão, Algarve.

The Praia da Rocha Club was built in 1986 and renewed in 2005. The property is located 10 kilometers away from the Alcalar Megalithic site. It was recently converted to housing, being the largest condominium in Portugal, with 627 apartments. The photovoltaic modules will be installed on the roof of two of the hotel group buildings, through a gravity installation without the need for drilling, maximizing the existing space in order to reduce the effects of shadows caused by the equipment installed there, as shown in the image below.

The plants will have a total installed power of 46 kWh, producing an average of 82.3 MWh of clean energy per year.

SOLVASTO, a Portuguese energy services company, will be the promoter of the project, as well as the owner of the panels during the first years. In addition to this, it will ensure the installation and operation of the plant.

What is the impact?

Direct:

Contribution to the decarbonisation of the economy: with an estimated production of 82.3 MWh of clean energy per year, the two solar plants will avoid the emission of 16.7 tons of CO2 per year, equivalent to the CO2 absorption capacity of 759 trees.

Indirect:

Raising awareness about sustainability in the community of owners, tourists, workers and customers.

Impact indicators
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16700

CO2 avoided per year

82300

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

SOLVASTO - PROJETOS E INVESTIMENTO, LDA

SOLVASTO provides services for photovoltaic installations and energy efficiency projects, managing the global process from the engineering, licensing, financing, acquisition, monitoring, maintenance and operation of photovoltaic systems.

SOLVASTO was created at the end of 2016 to meet the growing demand, by investing / financing entities, for projects in the area of energy efficiency and for services such as independent quality control, monitoring, and maintenance of photovoltaic systems.

Currently, it has 4 employees, the company has already participated in the development, licensing, installation, maintenance, and operation of more than 30 MWp, which produces more than 40 GWh / year, which avoids the emission of around 6,000 tons of CO2 per year. Since 2018 he also started his activity in the e-mobility area, having participated in the largest private installation in Portugal with more than 1,000 parking spaces prepared to receive electric chargers.

In 2018, SOLVASTO financed two projects through Goparity (Amigos da Natação and Sport Algés e Dafundo) and in 2020, the company was the installer on the project Solar Social Village, solar energy for self-consumption at Santa Casa da Misericórdia de Borba.

In 2021, the company intends to increase its number of employees and foresees an increase in turnover of about 20% compared to the previous year (having already been over 50% in 2020 compared to 2019), despite the current climate caused by the uncertainty of the pandemic.

Promoter website

https://solvasto.pt/

Team
‍

[{"id":229,"promoter_id":53,"name":"Nuno Giraldo Torres","description":"Born in Luanda, Nuno graduated in Mechanical Engineering at the University of Coimbra and has a Masters in Management at the Technical University of Lisbon (ISEG). He has extensive experience in renewable energies, and energy efficiency, particularly in biogas, photovoltaic solar, thermal energy, and energy efficiency. In his professional career, he worked at Enersky, Turbomar Energia, and the German multinational Donauer Solar Systems. He was also a technical consultant for Falconer, the oldest solar thermal company in Portugal; commercial director of CEBC Energia; head of Marketing and Sales at Vivapower; consultant at Sueca Aura Light; and Sales Director at the commercialization company Elusa.","link":"https://www.linkedin.com/in/nuno-giraldo-torres-b4042945/","role":"CEO & Founder","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/668/27b/d5e/66827bd5e9f96942793321.jpg","avatar_id":147610},{"id":230,"promoter_id":53,"name":"Paulo Oliveira","description":"Paulo Oliveira was born in Jersey (UK), has training in renewable energies, and has gained over the last 12 years accumulating experience in the field of photovoltaic solar, having been a board member of several companies in the sector, namely WS Energia, the multinational German Donauer Solar Systems, where he met Nuno, Martifer Solar and Vivapower for the first time, where he became a colleague of Nuno, and Redeforte before joining the SOLVasto project.","link":"https://www.linkedin.com/in/paulo-oliveira-a517a151/","role":"Senior PV Designer","member_photo":"","avatar_id":""}]

Business Model
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