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70.000 €

100% funded by 555 investors

Solar footwear factory

Location Pin Svg
Guimarães, PT

instalment

monthly

term

6 years

a year

5%

rating

B-

Solar energy plant for self-consumption at a footware factory.

Description

The aim of this campaign is to finance a photovoltaic powerplant for self-consumption to be installed at ENShoes’ factory. EN Shoes is a Portuguese footwear manufacturer, mainly producing sports and classical footwear for both men and women. The plant will be fitted with 330 photovoltaic solar panels, with 95.70kWp of total installed power.


The construction of the solar plant and installation of the panels will be carried out by LuzVerde, a Portuguese company with over ten years experience in providing energy services. Luz Verde is also the project promoter of five other projects funded (Intermarché Solar I and II, Solar Paintings, Solar Car Wash, and Solarize Cuba).


The Impact

  • Contributing to the decarbonization of the economy, helping to avoid the emission of CO2: with an estimated clean energy production of 175MWh, the solar plant will help avoid the emission of 36 tons of CO2 per year, the equivalent to planting 1,615 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.


  • Aim of developing a more sustainable production: ENShoes uses techniques that minimize the use of raw materials; produce the shoe soles with reused and recycled materials; and, through a third party, ensure that production residues are correctly recycled. With the savings arising from the photovoltaic plant, the company aims to increase sustainability throughout the production chain.


In addition to this, at the end of each project, the promoter carries out one of the initiatives mentioned below, in line with its corporate social and environmental responsibility and the client’s desire:


  • 5€ donation to a non-profit social institution based in the client’s area and of their choice, for each installed kW;


  • Planting of trees with a 2cm caliber, for each kW installed, and in a location chosen by the client.


  • Implementation of a solar photovoltaic plant with a nominal power of 1% of that of the plant installed in the project, at an entity, institution, or association based in the same area as the project’s.

Impact Indicators

Metrics Svg

11,73 t

CO2 avoided per year

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87,5

MWh clean energy

Sustainable Development Goals

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Financial viability

The photovoltaic plant will have a service life of 30 years, with a guaranteed production above 80% and will generate average electricity savings of 16,719.36€ per year, which will ensure that the project is sustainable.

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Download Key Investment Information Sheet

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Guarantees

Pledge of the equipment.

The Promoter

About EnShoes Calçados, Lda

Founded in 2012 by Teresa Pereira and João Freitas, ENShoes Lda manufactures sports and casual footwear for both men and women, targeting a high-level customer segment.  The company also develops custom-made designs. 

Based in Guimarães, EN Shoes currently employs 67 people, of which 26 are men and 41 are women, who work on the daily production of nearly 500 shoes. The company has several national and international clients, with a presence in over 13 countries around the world. 


Business Model

With 9-years’ experience in the footwear industry, ENShoes is also, beyond being a supplier, a partner in its client’s value chains. The company intends to expand its business by “growing with distinction” in the national and international footwear markets, currently having clients from 13 countries around the world.

Active since

2012

Fiscal country

PT

Operating In

2012

Industry

Footwear

Number of Goparity Loans

2

Women Shareholders

Yes

Updates

2021-08-12

First payment

First instalment was paid to all the investors

2021-07-07

100% funded

539 investors successfully raised 70.000€

2021-06-07

Open for investment

This campaign will help avoid the emission of 36 tons of CO2 per year

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