Share
Settled by the promoter
Solarize Cuba
Cuba, PT
instalment
monthly
term
5 years
yearly interest
5%
risk rating
B-
Solar power for self-consumption in a Portuguese cheese factory.
Description
This campaign will be used to fund the installation of solar panels for electricity production in the cheese factory, Queijaria Pacheco, awarded with multiple medals in the National Competition for traditional Portuguese cheeses. The success of their cheeses begins with the selection of raw materials from selected producers in the Alentejo region.
It will be a 40,26 kWp solar photovoltaic installation on the rooftop of a new facility (1600m²), with 2 production lines. Cuba is a small city in Alentejo, the sunniest region in Portugal. Solar power production in this region is very profitable and not as risky as in different regions. "Every hour the sun beams more energy onto Earth than it needs to satisfy global energy needs for an entire year."
This project will generate 73,65 MWh a year. As solar power becomes less and less expensive, the better the business case for producing electricity for self-consumption is.
The Impact
Direct:
- Avoid the emission of 20 tons of CO2 per year (equivalent to planting 900 trees)
- Production of 73.65 MWh per year of clean energy
Indirect:
- Improvement in the quality of working conditions
- Raising awareness of sustainability issues in the factory’s local community
- Promotion of the region
Impact Indicators
15 t
CO2 avoided per year
73,7
MWh clean energy
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
The PV system will greatly reduce electricity consumption and thus, lower their electricity bill – a monthly reduction of €782,32, whilst the financial cost of the loan is €641,89 per month.
Download Key Investment Information Sheet
Guarantees
This project is guaranteed with the pledge of the equipment installed.
The Promoter
About Queijaria Vasco & Pacheco LDA
A family owned and operated business, Queijaria Pacheco, was inaugurated in 2017 and is based in Cuba, a small village in Alentejo region. The producer is Francisco Pacheco. Their overall activity focuses on producing different types of cheese - sheep cheese (Queijo de Ovelha), Serpa DOP Cheese or creamy cheese (Requeijão) among others.
The Alentejo region, where the factory is, is known by its environmental quality that explains the quality of its agrifood products and cheese assumes a very important role in this matter, as its production method still has great parallels with artisanal and traditional manufacturing.
Business Model
Queijaria Pacheco’s overall activity focuses on producing and selling different types of cheese: sheep cheese (Queijo de Ovelha), Serpa DOP Cheese or creamy cheese (Requeijão) among others. Cheese is manufactured in Cuba (Alentejo region) and is sold via local distributors and large retailers such as Continente and Intermarché.
Active since
2017
Fiscal country
PT
Operating In
Cuba, Beja
Industry
Food & Beverages
Number of Goparity Loans
1
Women Shareholders
No
Updates
2021-01-01
Project Update
The promoter has confirmed that 100% of the investment received has been used.
2020-07-30
First payment
First instalment was paid to all the investors
2020-07-27
100% funded
124 investors successfully raised 30.000€
2020-07-24
Project implemented and in operation
The promoter has confirmed that the solar panels have been installed and that the project is operating.
2020-06-22
Open for investment
This campaign will help avoid the emission of 20 tons of CO2 per year
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