Description

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.

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

26,84 t

CO2 avoided per year

195,9

MWh clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download the Financial Statements for the promoter here

Download Key Investment Information Sheet

Guarantees

The loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by the investors will be backed by the following guarantees, provided for in the loan agreements associated with the campaign:

• Pledge of a single share in SOLCORELIOS II, UNIPESSOAL LDA, held by SOLCORACTION, LDA.
• Pledge of credit rights of SOLCORELIOS II, UNIPESSOAL LDA of the amounts to be received under its service contracts with its client: Neutripuro, LDA

The Promoter

About SOLCORELIOS II, UNIPESSOAL LDA

SOLCORACTION LDA, or Solcor Portugal, is part of Solcor Group, a group with Belgian roots, founded in 2014 and active in Portugal, Chile, and Colombia. The group is committed to developing commercial solar plants and financing these projects. To date, they have over 400 projects concluded.

Solcor often relies on technical advice from the other companies in the group, strongly connected by sharing the same shareholders. Together they are active in basically every aspect of the solar photovoltaic market: 

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

SOLCORELIOS II, UNIPESSOAL LDA is part of the Solcor Group (a daughter company of Solcor Portugal), created to develop solar projects for associations with community engagement.

Solcor has been active in Portugal since 2019. They have a talented team of 15 people with a track record of over 100 solar projects in Portugal, contributing to the company's experience in developing, operating, and financing solar plants nationwide. 

Solcor wants to increase energy consciousness and contribute toward decarbonizing our economy by developing sustainable relationships through fruitful, simple, and transparent agreements and collaborations. Based on their performance and financial solidity, the promotor was certified as one of Portugal's top 5% of best SMEs (2022).

Their solar plant in Museu do Caramulo is one of the first collective self-consumption installations in the country.

The team

Steven V Cauwenberge

Executive Director of the group

Founder of Solcor Group, currently working as executive director of Solcor Group. Bsc & Msc in Business Engineering - Finance at KU Leuven, Bsc & Msc in Civil Engineering and Postgrad Investment analysis at London School of Economics.

Vincent Vangeel

Co-founder and CEO

Bsc & Msc in Business Engineering - Supply Chain at KU Leuven, Msc in Renewable Energy Engineering at IST Lisboa, KTH Stockholm.

Tommaso Mura

Co-founder and COO

Bsc in Energy Engineering at Politecnico di Torino, Msc in Renewable Energy Engineering at IST Lisboa, KTH Stockholm.

Business Model

Updates