Solar for Social
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https://goparity.com/projects/solar-for-social-127

Solar for Social

Solar energy for self-consumption for two social solidarity institutions.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
4.5
%
Term
84
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.
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https://goparity.com/projects/solar-for-social-127

Description
Impact
Financial viability
Promoter

The aim of this campaign is to finance two photovoltaic plants for self-consumption in two Social Solidarity Institutions: Centro Social de Margem, in Gavião, a small town in Alento, Portugal, and Centro de Dia e Lar de Nossa Senhora da Graça de Degolados, in Campo Maior, a small town in the same region.

The two solar power plants will have a total power of 34,9kWp installed which will produce 49,2 MWh of clean energy per year.

The installation and operation of the solar panels will be carried out by Pleno Energia, a Portuguese energy commercialization and energy services company which will also be the project’s promoter and owner of the solar panels, as well as the energy producer and trader.

A PPA (Power Purchase Agreement) has been signed between the promoter and the two institutions. A PPA is a long-term agreement (in this case, 12 years) with a fixed price, for the purchase and sale of clean energy established between a renewable energy producer (in this case Pleno Energia) and the entity that consumes electricity (in this case, the institutions). The two institutions will therefore reduce their consumption energy from the national electricity grid and will start consuming energy from the panels to be installed.

In turn, Pleno Energia will sell the energy at a 20% discount for a period of 12 years after the installation of the panels. After this period, the panels will become the property of the institutions.

What is the impact?

Direct:

  • Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 49,2 MWh, the photovoltaic system will avoid the emission of 10 tons of CO2, the equivalent to planting 454 trees.

Indirect:

  • Cost reduction for the social solidarity institutions: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than resorting to the national grid. This reduction on electricity costs will allow the institution to invest the savings in improving its social care services. Also, the decreased dependence on the national grid makes the company less vulnerable to price fluctuations.

Impact indicators

10000
Kg
CO2 avoided per year
49200
KWh
clean energy

Contribution to the Sustainable Development Goals

About the Promoter

About
PLENOENERGIA, S.A.

Founded in 2017 and officially in 2019, PlenoEnergia has the mission to bring energy to everyone easily and uncomplicatedly. It has a multidisciplinary management team, in the areas of Banking, Commercial and Marketing, and renewable energies, with over 15 years of experience in the national and international markets.

PlenoEnrgia wants to be more than just an energy trader in the free market, offering representation services to large consumers and electrical supply to consumers in general. The company aims to be among the largest players in the market for renewable energy solutions for self-consumption and energy efficiency. With a long-term portfolio of assets in Portugal, Spain, France, Luxembourg, Brazil, and Cape Verde, the goal is to expand to 50 countries by 2030.

The company has more than 100 direct employees in its various operations. Later this year, PlenoEnergia plans to expand to Dubai and the United States of America, where it is already in the business development phase. It has an international network of employees in Portugal, Spain, and Brazil, with around 90 operations to support the energy regeneration of companies. It also has its own technical team specialized in the installation of solar photovoltaic plants, and an engineering team that develops and implements solar and similar energy solutions for its customers.

PlenoEnergia, has an engineering and operations team which guarantees in-house installation services, including a customized 360 service that can include: Heat pump installation on a performance basis, the installation of electric vehicle chargers on an operating basis (as OPC), the installation of lighting on a savings sharing basis, among other services.

Promoter website

https://plenoenergia.com/pt/pt

Team

[{"id":91,"promoter_id":201,"name":"Eurico Sobral","description":"Founder and CEO of PlenoEnergia for Europe, Africa and Latin America. Eurico has vast experience in commercial strategy. Graduated in electronics and telecommunications from Escola Profissional do Arsenal do Alfeite","link":"https://www.linkedin.com/in/eurico-sobral-435b20154/","role":"CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/998/640dff998a141987340198.jpg","avatar_id":86001},{"id":92,"promoter_id":201,"name":"Rodolfo Vacas","description":"After a sports career and a background in Management Informatics, Rodolfo has been part of the team for two years.","link":"https://www.linkedin.com/in/rodolfo-vacas-8573331b8/","role":"Business Manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/8cb/640dff8cbf4b1379438755.jpg","avatar_id":86000},{"id":93,"promoter_id":201,"name":"André Leite Velho","description":"With a degree in Renewable Energy Engineering and several years of experience in the area, he is the technical manager responsible for managing solar energy projects.","link":"https://www.linkedin.com/company/plenoenergia/","role":"Project manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/7f9/640dff7f9f1a2095268537.jpg","avatar_id":85999},{"id":106,"promoter_id":201,"name":"Tiago Machado","description":"Tiago Machado is a Marketing administrator.","link":"https://www.linkedin.com/in/tiago-machado-aa45454/","role":"Marketing Administrator","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/64e/640dff64ed3c6481376035.jpg","avatar_id":85998},{"id":107,"promoter_id":201,"name":"Carlos Almeida","description":"With a career in management, Carlos is now a shareholder and director of the company.","link":"https://www.linkedin.com/in/carlos-almeida-43181816/ -","role":"Shareholder and director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/4dd/640dff4ddb664286507731.jpg","avatar_id":85997}]

Business Model

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Campaign progress

0%

of target

2600000

Minimum

2600000

Target

2600000

Maximum

Project location
Gavião e Campo Maior
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