Description

MES Barcelona (Barcelona Sustainable Energy Mechanism) is a tool to support and accelerate the city’s energy transition alongside private investors. This project’s promoter, Solaris (Solaris Mes Barcelona Eco 2024) is a company created as part of MES Barcelona aiming primarily at the residential market.

This campaign aims to finance a photovoltaic plant for self-consumption at Colegio Nou Patufet, a school in Barcelona.

The photovoltaic plant will have a total of 6,5 kW of installed power, which will allow it to produce 10974,00 kWh of clean energy per year.

This project will be implemented within the MES Barcelona program:

MES Barcelona has been set up to reaffirm the municipal commitment towards energy transformation. The initiative is the result of an agreement between the municipal government, and two political parties (ERC, and JxCat). The United Nations has recognised MES Barcelona as the most sustainable public-private collaboration initiative out of 70 models under consideration.

MES Barcelona is a funding tool to help boost the city’s energy transition through private initiatives. The tool focuses on both large and small areas, from rooftops of industrial units to residential buildings, to make the investments manageable and scalable at the same time.  

Funding includes 50 million euros of the municipal budget and the plan to attract an aditional 166 million euros from private for energy renovation projects and the installation of solar panelling. This multiplying effect of the municipal investment and the projects developed throughtout the city are expected to lead to a 66% increase in the current generation of local renewable energy.

Interested owners can register on the MES Barcelona website so that energy investment companies can study the feasibility of projects to install solar panelling and other energy renovation measures in buildings.

The City Council requires investors, such as Solaris to implement solar panelling and energy renovation projects where the business model does not involve co-funding from citizens or building owners. Investors will assume 100% of the investment and get it back thanks to the energy savings generated by the projects funded, according to the ESCO model.

The owners of the building will not have to make any disbursement or payment. In fact, depending on the type of project decided on and each individual case, they may even enjoy savings on their energy bills.

Once the contracted period has ended, and in the case of the solar panel installations, the owners of the building will then own the installed infrastructure themselves, according to the terms of the contract. From the onwards the entire energy and cost savings produced will be theirs to enjoy. (solar panels currently last around 25 years).  

The Impact

Direct

• Contribution to the decarbonisation of Spain, avoiding CO2 emissions: With a total production of clean energy of about 11 MWh per year, the solar plant will avoid the emission of over 1,3 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 59 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

• Improvement of the organization's core services: the cost reduction in electricity expenses enables the School Nou Patufet to improve their services for the community. 
• Promoting added value to the citizens of Barcelona: the photovoltaic solar panels ultimately belong to the school. However, the added value is also based on making a better use of roofs, in terms of the space which can be converted into a green roof or a space for social use. 

Impact Indicators

131,69 t

CO2 avoided per year

1.097,4

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 developer SOLARIS MES BARCELONA ECO 2024 S.L. by the investors will be secured by the following guarantees, as provided for in the loan agreements associated with the campaign:

• First Degree Pledge of Movable Property, under Spanish law, constituted by SOLARIS MES BARCELONA ECO 2024 S.L. on movable property (14 modules brand LONGi and model LONGi 465W HiMOX6 MAX LR7-54HTH-25Y, with a peak power of 465 Wp, monocrystalline technology and TS4 connectors; 01 inverter model HUAWEI SUN2000- 6KTL-M5 with a power of 6KWp single-phase; 01 smart meter HUAWEI Power meter DDSU666; 18 SUNFER Kit structure and ballasts).

The Promoter

About Solaris Mes Barcelona Eco 2024

MES Barcelona is the Barcelona City Council's energy transformation plan which, with the help of private investors, allows photovoltaic panels to be installed on Barcelona's buildings without the owners having to make an initial investment, since once the energy sales contract has been concluded, the panels become the property of the owners free of charge.

Solaris Mes Barcelona Eco 2024 is a private company created as part of MES Barcelona, positioned to becoming an investor focused primarily at the residential market. It is currently owned by three shareholders:

• LC Ventures - Portuguese fund focused on technology and renewable energy companies.
• Eco2Next - Barcelona company specialising in photovoltaic installations in residential buildings.
• Cleanwatts - company specialising in solar community management software.

The City Council of Barcelona (Ajuntament de Barcelona) will become a shareholder of the SPV Solaris during the first semester of 2025, as planned and approved in a plenary session that you can find here.

Business Model

Updates