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100%
45.000 €

100% funded by 347 investors

Solar Solcor

Location Pin Svg
Alcobaça, PT

instalment

biannual

term

10 years

yearly interest

6%

risk rating

B

Solar energy for self-consumption.

Description

This campaign aims to finance a photovoltaic self-consumption system for the company Lareiras Sousa.


The installation and operation of the solar panels will be carried out by the campaign promoter: Solcor Portugal, specialised in the development of solar installations.

Established in 2006, Lareiras Sousa is an industrial company specializing in marble and stone products. They offer a diverse range of items including barbecues, fireplaces, kitchen countertops, and bathroom countertops, all custom-made to exact specifications. Their materials of choice include granite, limestone, and stones available in various colors.

Recently, Lareiras Sousa decided to integrate a 68.425 kWp photovoltaic installation. This initiative is a significant change for the company, demonstrating its commitment to sustainability and energy efficiency. Initial projections suggest that the installation is expected to generate approximately 99,187 kWh, achieving 43% self-sufficiency and a 56% reduction in costs during its first year of operation.

This is Solcor's seventeenth campaign. In 13 out of the 16 previous campaigns, the financing objective was solar energy for social organizations (IPSS): Solcor Solar Social, Solcor Solar Social II, Solcor Solar Social III, Solcor Solar Social IV,  Solcor Solar Social V, Solcor Solar Social VI. Casarão Solar, Solcor Solar Social VII, Solcor Solar Social VIII, Solcor Solar Social IX, Solcor Solar Social X, Solcor Solar Social XI, Solcor Solar Social XII, Neutripuro Solar and Solcor Social XIII.

The Impact

Direct 

  • Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 101 MWh per year, the solar plant will avoid the emission of about 8.7 tonnes of CO2 per year. This is equivalent to the CO2 absorption of almost 400 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 Lareiras Sousa 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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8.75 T

CO2 avoided per year

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101.7 Mwh

clean energy

Sustainable Development Goals

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Financial viability

The project is co-financed by Solcor Portugal, guarantor of the loan.

The loan repayment plan has been calculated to ensure that the monthly installments are covered by the revenues generated through the solar plant rental payments.

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Download the Financial Statements for the promoter here

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by investors will have the following guarantees, as stipulated in the loan agreements associated with the campaign:

  • Pledge of the sole quota of SOLCORELIOS II, UNIPESSOAL LDA, owned by SOLCORACTION, LDA.
  • Pledge of credit rights from SOLCORELIOS II, UNIPESSOAL LDA, regarding amounts receivable under its service contract with its client: Lareiras Sousa, LDA.

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.

The team

Steven V Cauwenberge

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Chief Executive Officer of the group

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.

Vincent Vangeel

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Co-founder and CEO

Master’s degree in Business Engineering – Supply Chain from KU Leuven. Master’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.

Tommaso Mura

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Co-founder and COO

Graduated in Energy Engineering from the Polytechnic University of Turin. Master’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.

Business Model

The Solcor Group is primarily active in the development and operation of commercial solar installations. The group has already developed over 650 solar systems for clients across a wide range of sectors and currently manages more than 700 installations.

Its strong growth has been driven largely by the implementation of the ESCO model, in which clients pay for their solar installation using the savings generated — without the need for any upfront investment. Together with its partners, Solcor has invested more than 25 million euros in projects for its clients.

Active since

2019

Fiscal country

PT

Operating In

Portugal

Industry

Energy

Number of Goparity Loans

21

Women Shareholders

No

Updates

2025-01-23

First payment

First instalment was paid to all the investors

2024-07-19

100% funded

337 investors successfully raised 45.000€

2024-07-12

Open for investment

This campaign will help avoid the emission of 87 tons of CO2 per year

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