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100% funded by 911 investors
instalment
monthly
term
10 anos
yearly interest
6%
risk rating
B
This campaign aims to finance photovoltaic plants for self-consumption for not one but two Volunteer Firefighters Headquarters: Bombeiros Voluntários de Alcoentre and Bombeiros Voluntários de Montelavar.
With almost a century of history, the non-profit association Bombeiros Voluntários de Alcoentre's main purpose is to protect lives and property through its volunteer fire department. In addition, the association promotes cultural, sporting, and social activities to enrich the community. For example, its Music Band began in 1886 and is a testimony to the preservation of the region's history and culture.
Recently, BV Alcoentre decided to seek renewable energy sources for its infrastructure. The 27.3 kWp photovoltaic installation will soon be ready for operation and will be 34% self-sufficient, resulting in 48% savings on electricity bills.
In the Sintra region, another organization that stands out for its social and environmental work is the Associação Humanitária de Bombeiros Voluntários de Montelavar (AHBVM). Founded in 1983, the AHBVM's mission is firefighting, accident relief, pre-hospital emergency services, and other activities that involve preserving and caring for the community.
To reinforce its commitment to the environment and sustainability, AHBVM decided to invest in solar energy. The 46.2 kWp installation will provide 37% energy autonomy and save 52% on electricity bills. It will also help to reduce CO2 emissions and preserve natural resources.
Both organizations will also have their roofs replaced, from fiber cement to sandwich panels. This will result in better thermal efficiency for the buildings.
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.
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 beneficiaries are firefighters, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the club to focus on its community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. 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 were paid by the revenue generated through the rental payments for the solar plant.
Download the Financial Statements for the promoter here
Download Key Investment Information Sheet
The loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by the investors will be backed by the following guarantees, provided for in the loan agreements associated with the campaign:
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 650 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 200 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 is certified as PME Lider.
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 650 solar systems for clients across a wide range of sectors and currently manages more than 700 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.pt2024-04-11
First instalment was paid to all the investors
2024-03-11
903 investors successfully raised 105.000€
2024-02-27
This campaign will help avoid the emission of 14 tons of CO2 per year