Solarize Cuba
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Solarize Cuba

Solar power for self-consumption in a Portuguese cheese factory.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
5
%
Term
60
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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https://goparity.com/projects/solarize-cuba-71

Description
Impact
Financial viability
Promoter

What will you be financing?

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 linesCuba 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. 


What 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

15000
CO2 avoided per year
73700
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About 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.

They were progressively growing their business by participating in various fairs inside Portugal as well as on the international markets.

  • In March 2017 in Madrid, they took part in the Salon Gourmet event. Queijo Serpa was represented at the main agri-food fair in Madrid, dedicated to products of a higher range;

  • In March 2018, they were present at the IFE (The International Food & Drink Event) event in London, UK, where Alentejo sheep cheese was represented within a stand at Portugal Foods;

  • In April, 2018 they were present at the Alimentaria & Hostelco event in Barcelona, where Serpa cheese was present;

  • In 2017, 2018, 2019 and 2020 they were present at the Cheese Fair of Alentejo, three days per year where specialists in a professional area, with representatives of the cheese sector, associations of breeders of indigenous breeds, educational institutions, research, tourism, gastronomy, distribution and consumers meet.

The Queijaria also aims to play a significant roles in the internationalization of the Serpa DOP Cheese, a Protected Designation of Origin for cheese produced with sheep's milk in 4 Lower Alentejomunicipalities (Serpa, Moura, Beja and Mértola), selling to markets such as Spain, France, England, Germany and Switzerland.

Promoter website

https://www.serpacheese.com/copia-queijaria-tradiserpa

Business Model

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Target

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Maximum

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