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800.000 €

100% funded by 3805 investors

Solar Community

Location Pin Svg
Murcia, ES

instalment

monthly

term

3 years

yearly interest

6.3%

risk rating

B-

The road to energy independence

Description

Comunidad Solar is a company whose main mission is to help people become owners of renewable energy we can get from the sun, wind, and water.

The promoter wants to break traditional dependence on the energy market, by creating energy communities that empower their members. To do so, Comunidad Solar buys solar parks (and other renewable generation assets) and then sells memberships to people who become community members, without having to install panels on their roofs. 

The funds raised through this campaign will be used to invest in a solar park in Murcia, Spain called Cervantina. Cervantina's legal name is Lorenzo Solar SL. The investment will focus on three dimensions:

  • Buy the remaining 50.1% of Lorenzo Solar SL that doesn't belong to the promoter yet (Comunidad Solar currently owns 49,9% of the company and 80% of energy generation rights).
  • Paying back shareholders' loans used to purchase part of Lorenzo Solar SL.
  • Fund the activities to develop the energy community business model.

The investment will allow more people to join Comunidad Solar's model by owning solar panels remotely.

In Spain, around 80% of the population lives in urban areas, where it can be challenging to install solar panels. This model brings an alternative solution to form energy communities and achieve energy independence. Anyone who joins the community will have access to solar-powered electricity at zero cost per kWh for 30 years, delivered through Comercializadora Eletrica, an electric company owned by Comunidad Solar.

The Impact

Direct  

  • Contribution to the decarbonisation of Spain, avoiding CO2 emissions: With a total production of clean energy of 2 352.24 MWh per year, the solar plant will avoid the emission of about 282.27 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 12 830 trees. 
  • Cost reduction for the end customer: energy production through renewable sources, owned by the consumer lowers the costs of the electricity consumed and a lower dependence on the national grid making it less vulnerable to price fluctuations and tax charges. 

Indirect 

  • Increasing access to renewable energy consumption: Comunidad Solar has developed an innovative model for renewable energy – remote self-consumption. In Spain, much of the population and SMEs don’t dispose of a roof over which solar panels can be installed. They are therefore excluded from the option of traditional self-consumption installations. To solve this, Comunidad Solar acquires big solar, wind, and hydroelectric plants and sells to clients the energy production rights of the plants. With this solution, the clients don’t pay for the energy, only cover transportation, tolls, and taxes. This concept was initiated by Comunidad Solar in 2023, and 750 people are subscribers of this solution.

 

Impact Indicators

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282,27 t

CO2 avoided per year

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2.352,2

MWh clean energy

Sustainable Development Goals

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Financial viability

The loan will be repaid with funds generated by the company's activity. The promoter has tested this model before and was successful, selling 100% of the participation at similar remote solar panels.

This campaign's crowdlending goal is to raise 600.000€, yet the promoter's goal is to raise 800,000€ through Goparity investors. The total target has undergone thorough assessment and approval by Goparity's risk team. Upon successfully achieving the initial 600.000€ target, the crowdlending amount can be raised to 800.000€. Should this threshold not be met, the promoter will open a second campaign to secure the remaining funds.

Download Financial Statements for the Promoter here: Financial statements Comunidad Solar SL.pdf

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter COMUNIDAD SOLAR POWER SL by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:

  • Pledge of shares of the company Lorenzo Solar SL (SPV)
  • Commercial Pledge of assets (solar painels to be installed)

The Promoter

About COMUNIDAD SOLAR POWER S.L.

Founded in 2018, Comunidad Solar is a Madrid-based company created to make renewable energy accessible for all. 

Comunidad Solar is changing the way people access renewable energy, by managing renewable energy installations such as solar parks and hydroelectric plants where they sell memberships to individuals and businesses.

Members can buy their membership in these installations and, in return, receive energy at zero cost per kWh. This model provides financial benefits and empowers individuals to contribute to the shift towards sustainable energy, irrespective of space constraints for personal installations. 

Comunidad Solar has a team of over 30 experts pioneering remote solar energy in Spain, leading the company to launch the first energy community in Spain combining the power of a Solar Farm and a Hydroelectric Power Plant. The plan is to include the power of a wind turbine as well. Currently, the promoter's community comprises over 2182 members, who collectively produce 96% of the energy they consume. This makes it Spain's largest remote energy community.

The company has more than 10 partners who invest time and knowledge to fulfill the vision of creating the largest energy community developer in Spain. These partners include Circle Energy, a company with over 30 years of experience developing renewable-energy assets in Europe.

The team

Paco Ragageles

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Community Expert, Cofounder and CEO

Eugenio García-Calderón

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Energy Engineer, Cofounder and Chief of Innovation

Gabriel Pastor

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Business Developer and General Director

Jose Alvarez

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CFO and Energy Market Especialist

Business Model

Comunidad Solar generates revenue by developing renewable energy installations and offering memberships to individuals and businesses. Members invest in solar parks and hydroelectric plants, receiving energy at zero cost per kWh. Their value proposition lies in making renewable energy accessible to those without the means or space for personal installations. The promoter works with a network of more than 15 installers in Spain to serve the demand for residential and small business solar energy projects. Distribution channels include online platforms and direct community engagement, targeting environmentally conscious individuals and businesses nationwide in Spain. Future funding sources and financial projections are anchored in expanding renewable energy access and the growing demand for sustainable solutions.

Active since

2018

Fiscal country

ES

Operating In

Spain

Industry

Energy

Number of Goparity Loans

1

Women Shareholders

Yes

Updates

2024-07-12

First payment

First instalment was paid to all the investors

2024-05-25

100% funded

3780 investors successfully raised 800.000€

2024-05-07

Crowdlending goal raised to maximum

After reaching the minimum crowdlending goal, the promoter raised the goal from 600.000€ to 800.000€ according to what had been set in the KIIS document.

2024-04-10

Open for investment

This campaign will help avoid the emission of 282 tons of CO2 per year

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