Solar Neutripuro

Self-consumption solar energy plant for laundry cleaning complex.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

Term

months

Risk level

This campaign aims to finance a photovoltaic plant for self-consumption at Neutripuro, an industrial laundry in Caldas da Rainha.

Neutripuro is dedicated to providing laundry, treatment, and rental services for establishments in the hotel and restaurant sectors. With over 10 years of experience, the company is committed to the quality of its services while maintaining an ecological conscience. To achieve this standard, Neutripuro invests in innovation, like use of industrial machines that guarantee maximum hygiene without neglecting environmental concerns. By 2024, the company will be investing in solar energy as a way of reducing its footprint.

The solar panels will be installed and maintained by Solcor Portugal, a company specializing in photovoltaic solar installations.

The project will feature a 140 kWp photovoltaic plant, with the capacity to produce 195,9MWh in the first year. This installation will be made up of 247 solar panels and will achieve 66% self-sufficiency, which means that the laundry will produce around two-thirds of the energy it needs to operate, thus helping to reduce its environmental impact.

This is Solcor's fourteenth campaign. 13 of the 14 previous campaigns financed solar energy for social organizations: Social Solar Solcor, Social Solar Solcor II, Social Solar Solcor III, Social Solar Solcor IV, Social Solar Solcor V, Social Solar Solcor VI, Solar Casarão, Social Solar Solcor VII, Social Solar Solcor VIII, Social Solar Solcor IX, Social Solar Solcor X, Social Solar Solcor XI, Social Solar Solcor XII.

What is the impact?

Direct

Contribution to the decarbonisation, avoiding CO2 emissions: With a total production of clean energy of over 195,9 MWh per year, the solar plant will avoid the emission of almost 27 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 1220 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. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect

Promoting sustainable business: the project developed for Neutripuro is an example of the applicability of solar power for any business, and in this case serves as a benchmark to similar industries, an important step towards sustainability for businesses in Portugal.

Impact indicators
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26838

CO2 avoided per year

195900

KWh

clean energy

Contribution to the Sustainable Development Goals
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About the Promoter

About

SOLCORELIOS II, UNIPESSOAL LDA

SOLCORACTION LDA, also known as Solcor Portugal, is part of the Solcor Group — a company with Belgian roots, founded in 2014 and active in Portugal, Chile, and Colombia. The group focuses on commercial solar installations and project financing, with over 650 completed projects to date.

Solcor frequently relies on technical guidance from other companies within the group, which are closely connected through shared ownership. Together, their activities span nearly every aspect of the solar photovoltaic market:

EMAT - a distributor of photovoltaic equipment.
Nikola - a resilient installer.
Delta Activos - a company dedicated to solar maintenance.

SOLCORELIOS II, UNIPESSOAL LDA is part of the Solcor Group (a subsidiary of Solcor Portugal), created to develop solar projects for associations and organizations with community involvement or social purposes.

Solcor has been active in Portugal since 2019. Its talented team of 15 professionals has delivered over 200 solar projects nationwide, contributing to the company’s expertise in developing, operating, and financing solar power plants.

Solcor aims to raise energy awareness and support the decarbonization of the economy by building sustainable relationships through positive, simple, and transparent agreements. Based on its performance and financial strength, the company is certified as PME Lider.

Its solar plant at the Caramulo Museum was one of the first collective self-consumption installations in the country.

Promoter website

http://www.solcor.pt

Team
‍

[{"id":71,"promoter_id":280,"name":"Steven V Cauwenberge","description":"Founder of the Solcor Group, currently serving as Chief Executive Officer of the Solcor Group. Master’s degree in Business Engineering – Finance from KU Leuven. Master’s degree in Civil Engineering. Postgraduate studies in Investment Analysis at the London School of Economics.","link":"https://www.linkedin.com/in/steven-van-cauwenberge-93582395/","role":"Chief Executive Officer of the group","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/753/63bdb575312fc954774465.jpg","avatar_id":76177},{"id":72,"promoter_id":280,"name":"Vincent Vangeel","description":"Master’s degree in Business Engineering – Supply Chain from KU Leuven. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/vincent-vangeel/overlay/photo/","role":"Co-founder and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/bfd/63bdb5bfdd386221369571.jpg","avatar_id":76179},{"id":73,"promoter_id":280,"name":"Tommaso Mura","description":"Graduated in Energy Engineering from the Polytechnic University of Turin. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/tommaso-mura-a7ab65165/?originalSubdomain=pt","role":"Co-founder and COO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db6/08b/63bdb608ba7c3254533171.jpg","avatar_id":76180}]

Business Model
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