Description

This campaign aims to finance a photovoltaic plant for self-consumption at Sociedade Agrícola Monte dos Patos, Lda (Agricultural company Montes dos Patos). 

The campaign aims to finance: 

• a photovoltaic plant with 37kWp of installed power, producing about 58 MWh of clean energy annually. 
• the replacement of two analogue irrigation control panels with new panels with a 40KW frequency variator each, which reduces the energy consumed in irrigation by 25%.
  

The energy produced by the plant will be mostly used to power the irrigation system of the olive grove,

This type of solar project can improve agricultural activity in less developed rural regions and potentially improve structures and modernize agriculture while also helping to decarbonise the Portuguese agricultural sector.

The construction of the solar plant and installation of the panels will be carried out by LuzVerde, a Portuguese company with over ten years of experience in providing energy services. Luz Verde is also the installer of seven other projects funded through Goparity:  Intermarché Solar I and II, Solar Paintings, Solar Car Wash, Solarize Cuba, Solar footwear factory, Solar Consultants, Solar Olives and Solar Olives watering.

The Impact

Direct impact

• Contribution to the decarbonisation of the economy, avoiding CO2 emissions: With a total production of clean energy of over 58 MWh per year, the solar plant will avoid emissions of about 8 tons of CO2 per year. This is equivalent to the CO2 absorption of 363 trees.
• Cost reduction for the end customer: decentralized energy production through renewable sources, close to the place of consumption, helps to avoid distribution costs, this being the most competitive option. For this client, it will reduce more than 40% of the energy cost. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect impact

• Support to the integrated production mode: the olive grove at Monte dos Patos applies the integrated production mode aiming at the regulation of the ecosystem, the well-being of the animals, and the preservation of natural resources through natural regulation mechanisms replacing environmentally harmful production factors.

Impact Indicators

7,98 t

CO2 avoided per year

58,3

MWh clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

The maturity of the loan was calculated in order to ensure that the monthly installments are paid by the savings generated on the electricity bill.

Download Key Investment Information Sheet

Guarantees

Equipment pledge and Frontrow, Lda pledge.

The Promoter

Business Model

Updates