32.408,09 € invested by 468 lenders
10 days left to close
This campaign aims to finance a photovoltaic plant for self-consumption in a restaurant called "O Casarão" in Leiria, Portugal.
At Casarão, you can find a long list of traditional dishes, desserts and Portuguese wines. The space is prepared for various family or professional occasions and offers a selection of specific Menus for Weddings, Business Events, and Christening, among others.The installation and operation of the solar panels will be carried out by Solcor Portugal, a company specialising in the development and operation of photovoltaic solar installations.
The 202 panels of 550W installed will have a power of 111.1kWp, leading to an estimated 42% of electricity self-sufficiency directly from the solar installation and resulting in a cost reduction of around 60% annually.
This is Solcor's seventh campaign. The six previous campaigns financed solar energy for social organizations: Social Solar Solcor, Social Solar Solcor II, Social Solaor Solcor III, Social Solaor Solcor IV, Social Solaor Solcor V, Social Solaor Solcor VI.
Contributing to decarbonizing the economy by avoiding the emission of CO2: with an estimated clean energy production of over 176.8 MWh annually, the solar plant will help avoid the emission of more than 24 tonnes of CO2, equivalent to planting 1101 trees.
Cost reduction for the final client: the energy production for own consumption will reduce energy costs, enabling the elderly home to direct resources to its core activity. The decentralized energy production through renewable sources, close to the consumption site, helps to avoid distribution costs, making this a more competitive option than reverting to the national grid. Furthermore, the decreased dependency of the organisation on the national grid makes it less vulnerable to price fluctuations and fiscal charges.
CO2 avoided per year
MWh clean energy
The loan's maturity was calculated to ensure that the monthly instalments are paid by the revenue generated through the payments paid by the beneficiary (Casarão) to the promotor (Solcor).
Download Key Investment Information Sheet
Pledge of equipment, pledge of receivables from the final client and pledge of Solcor Portugal.
SOLCORACTION LDA, or Solcor Portugal, is part of Solcor Group, a group with Belgian roots, founded in 2014 and active in Portugal, Chile, and Colombia. The group is committed to developing commercial solar plants and financing these projects. To date, they have over 400 projects concluded.
Solcor often relies on technical advice from the other companies in the group, strongly connected by sharing the same shareholders. Together they are active in basically every aspect of the solar photovoltaic market:
SOLCORELIOS II, UNIPESSOAL LDA is part of the Solcor Group (a daughter company of Solcor Portugal), created to develop solar projects for associations with community engagement.
Solcor has been active in Portugal since 2019. They have a talented team of 15 people with a track record of over 70 solar projects in Portugal, contributing to the company's experience in developing, operating, and financing solar plants nationwide.
Solcor wants to increase energy consciousness and contribute toward decarbonizing our economy by developing sustainable relationships through fruitful, simple, and transparent agreements and collaborations. Based on their performance and financial solidity, the promotor was certified as one of Portugal's top 5% of best SMEs (2022).
Their solar plant in Museu do Caramulo is one of the first collective self-consumption installations in the country.
Solcor Group is mainly active in the development and operation of commercial solar installations. The group has developed over 400 solar installations for clients from a wide range of sectors and currently manages over 500 installations.
The group's strong growth came mainly under the impulse of applying the ESCO model, where the client pays for his solar installation with the savings generated by the installation without the need for an initial investment by the client. Solcor, with its partners, currently invested over 25 million euros in projects for its clients.
Number of Goparity Loans
This campaign will help avoid the emission of 24 tons of CO2 per year