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0%
64.000 €

Cancelled

Solar Hotels

Location Pin Svg
, PT

instalment

monthly

term

7 years

yearly interest

5%

risk rating

B-

Solar energy plant for self consumption at two hotels in Alentejo and Douro.

Description

The aim of this campaign is to finance two photovoltaic power plants, two sets of energy storage units and four electric car chargers in two hotels - Monte da Cabeça Gorda in Évora and Casa de São Domingos in the Douro region.

The two solar power plants will have a total installed power of 32 kWp which will produce 48.8 MWh of clean energy per year, avoiding the emission of about 9.9 tons of CO2 annually. 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 Power Purchase Agreement (PPA) has been signed between the promoter and the two hotels. 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 entities that require electricity (in this case, the two hotels). The hotel units will therefore reduce its energy consumption from the national electricity grid and will start consuming energy from the panels to be installed.

The Impact

Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 48.8 MWh, the photovoltaic system will avoid the emission of 9.9 tons of CO2, the equivalent to planting 450 trees.

Promotion of electric mobility: through the installation of four chargers for electric vehicles.

Cost reduction: the decentralised production of renewable energy, close to the location where the consumption takes place, allows the client to avoid distribution costs, making it a competitive option when compared to the energy supplied by the national grid. In addition to this, the decrease in the company's dependence on the grid makes it less vulnerable to price fluctuations and tax burdens.

Impact Indicators

Metrics Svg

9.9 T

CO2 avoided per year

Metrics Svg

48.8 Mwh

clean energy

Sustainable Development Goals

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Financial viability

The project requires a total investment of 105.000€, of which 64.000€ will be financed through GoParity and the remainder being financed by Pleno Energia's own capital. During the first 12 years following the installation, the panels shall be owned by Pleno Energia, which will produce the energy and sell it at a discount. After this period, the power plants will be bought by the end-users, which will achieve significant energy savings in face of the current consumption and, consequently, reduce their electricity costs.

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.

The team

Eurico Sobral

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CEO

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

Rodolfo Vacas

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Business Manager

After a sports career and a background in Management Informatics, Rodolfo has been part of the team for two years.

André Leite Velho

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Project manager

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.

Tiago Machado

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Marketing Administrator

Tiago Machado is a Marketing administrator.

Carlos Almeida

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Shareholder and director

With a career in management, Carlos is now a shareholder and director of the company.

Business Model

The business model of PlenoEnergia is developed around offering a 360 energy service, including electric supply, energy sharing, charging of electric cars, air conditioning, and lighting, while providing consolidated experience and knowledge in the various implementation aspects. The company offers services that do not require investment from end customers - a model where revenues come from the quality of the service performed and the performance of the systems installed.

The company’s product and services catalogue includes:

  • Heating systems: sale, installation, and servicing of thermal solar panels, heating solar kits, and heat pumps.
  • Solar energy: technical evaluation to assess energy consumption and site characteristics, installation of panels, monitoring of the licensing and certification process with the Directorate-General for Energy, and monitoring, operation, and maintenance after the installation.
  • Energy efficiency: engineering, construction, sale, and installation of LED lighting for retail, industry, and housing.

Currently, its client portfolio is composed mainly of companies, but also counts a number of private individuals, with projects located from North to South of Portugal, and an aggregated installed capacity of circa 900 kW. The company is also expanding its operations to Spain.

Active since

2019

Fiscal country

PT

Operating In

"Portugal and Spain"

Industry

Energy

Number of Goparity Loans

8

Women Shareholders

Yes

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