Share
100% funded by 702 investors
instalment
monthly
term
10 years
yearly interest
5%
risk rating
B
This campaign aims to finance a photovoltaic plant for self-consumption at ARIPSI - Associação de Reformados e Idosos da Póvoa de Santa Iria in Portugal.
The installation and operation of the solar panels will be installed and operated by the campaign promotor: Solcor Portugal, a company specializing in the development and operation of solar photovoltaic installations.
ARIPSI was founded on April 25th, 1991, by a group of citizens from Póvoa de Santa Iria. The main goal was to protect elderly citizens in vulnerable situations due to financial or physical issues in the Municipality of Vila Franca de Xira and surrounding areas. Since then, ARIPSI has expanded its cooperation and directly supports more than 170 people. The association is active in four areas: Residential Structure for Elderly People, Home Support, Day Care Center, and Living Center. In each area, the organization offers specific support to elderly people or people in need, totaling 59 people in the Residential Structure, 30 people in the Home Support, 70 people in the Day Center, and 15 people in the Living Center.
Solcor's project involves installing 150 photovoltaic panels, amounting to a total power of 73.5 kWp. It is estimated that 36% of the total electricity consumption will come directly from the solar installation, resulting in a cost reduction of about 41% annually. The reduced dependence on the power grid also protects the organization from price fluctuations and tax burdens.
This campaign offers a longer-than-average loan term for Goparity standards. This means you will receive your capital back and gain interest over a more extended period of time. The rental agreement associated with the self-consumption photovoltaic installation foresees a low monthly payment by the beneficiary, who enjoys savings without initial financial investment to purchase the solar panels. Therefore, since the supply company’s payback period is longer, the payment plan is also extended (8-15 years). In this project, the beneficiary is a social solidarity private institution, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the social institution to maintain its focus on the community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. The savings generated by the solar plant for the beneficiary can be invested in social impact projects, where they make a difference. A solar panel can be used for about 30 years, making it a safe, profitable investment with relevant environmental impact. Impact investing in this type of project is a commitment to cleaner, safer, decentralized, and democratic energy systems.
Direct
Indirect
CO2 avoided per year
clean energy
The project is co-financed by Solcor Portugal, the guarantor of the loan.
The maturity of the loan was calculated to ensure that the monthly installments are paid by the revenue generated through the rental payments for the solar plant.
Download Key Investment Information Sheet
Pledge of equipment, pledge of receivables from the final client and pledge of Solcor Portugal.
SOLCORACTION LDA, also known as Solcor Portugal, is part of the Solcor Group — a company with Belgian roots, founded in 2014 and active in Portugal, Chile, and Colombia. The group focuses on commercial solar installations and project financing, with over 400 completed projects to date.
Solcor frequently relies on technical guidance from other companies within the group, which are closely connected through shared ownership. Together, their activities span nearly every aspect of the solar photovoltaic market:
SOLCORELIOS II, UNIPESSOAL LDA is part of the Solcor Group (a subsidiary of Solcor Portugal), created to develop solar projects for associations and organizations with community involvement or social purposes.
Solcor has been active in Portugal since 2019. Its talented team of 15 professionals has delivered over 100 solar projects nationwide, contributing to the company’s expertise in developing, operating, and financing solar power plants.
Solcor aims to raise energy awareness and support the decarbonization of the economy by building sustainable relationships through positive, simple, and transparent agreements. Based on its performance and financial strength, the company was certified as one of the top 5% SMEs in Portugal in 2022.
Its solar plant at the Caramulo Museum was one of the first collective self-consumption installations in the country.
Founder of the Solcor Group, currently serving as Chief Executive Officer of the Solcor Group. Master’s degree in Business Engineering – Finance from KU Leuven. Master’s degree in Civil Engineering. Postgraduate studies in Investment Analysis at the London School of Economics.
The Solcor Group is primarily active in the development and operation of commercial solar installations. The group has already developed over 400 solar systems for clients across a wide range of sectors and currently manages more than 500 installations.
Its strong growth has been driven largely by the implementation of the ESCO model, in which clients pay for their solar installation using the savings generated — without the need for any upfront investment. Together with its partners, Solcor has invested more than 25 million euros in projects for its clients.
Active since
2019
Fiscal country
PT
Operating In
Portugal
Industry
Energy
Number of Goparity Loans
21
Women Shareholders
No
Website
http://www.solcor.pt2023-04-05
First instalment was paid to all the investors
2023-02-27
657 investors successfully raised 55.000€
2023-02-15
The promotor has installed the solar panels at ARIPSI - Associação de Reformados e Idosos da Póvoa de Santa Iria as you can see in the picture.
2023-02-08
This campaign will help avoid the emission of 14 tons of CO2 per year