Solar Fashion
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https://goparity.com/projects/solar-fashion-231

Solar Fashion

Solar energy plant for self-consumption at a small clothing factory
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
5.85
%
Term
60
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
A
D
C+

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https://goparity.com/projects/solar-fashion-231

Description
Impact
Financial viability
Promoter

The aim of this campaign is to finance a photovoltaic plant for self-consumption at Origine Portugal, Unipessoal Ldaa small clothing factory in Matosinhos, in the north of Portugal. The photovoltaic plant will have a total of 9,00 kW of installed power, which will allow it to produce 10 MWh of clean energy per year.

Escolha Solar, a company with more than 15 years of experience in providing energy services will be responsible for the installation and maintenance of the solar panels. 

What is the impact?

  • Contributing to the decarbonization of the economy, helping to avoid the emission of CO2: with an estimated clean energy production of 10 MWh, the solar plant will help avoid the emission of 1.34 tonnes of CO2 per year, the equivalent to planting 61 trees.
  • Cost reduction for the final client: 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 company on the national grid, makes it less vulnerable to price fluctuations and fiscal charges.

Impact indicators

1340
Kg
CO2 avoided per year
10000
KWh
clean energy

Contribution to the Sustainable Development Goals

About the Promoter

About
ORIGINE PORTUGAL, UNIPESSOAL, LDA

Created in 2015, Origine Portugal, Unipessoal Lda was born from the accumulated management and industry experience of its founder, who gave life to her passion for fashion by creating a small unit with 18 people. 

The four-story building where Origine develops its activity is owned by the only owner of the company. Twenty solar panels will be installed on the building's roof, with an installed power of 9,0 kW for self-consumption of the factory.

On a side note, Origine offers leftover materials to one of our past promoters - Ethical Choice - a Portuguese brand of footwear, accessories, and other articles. Ethical choice uses waste from the footwear, cork, and textile industries in the development of products such as sandals, slippers, backpacks, wallets, pencil holders, "pocket empties", among others. Origine is also responsible for the design and cutting of Ethical Choice products.

Promoter website

Business Model

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Campaign progress

0%

of target

1350000

Minimum

1350000

Target

1350000

Maximum

Project location
Matosinhos
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