Description

This campaign aims to finance a photovoltaic self-consumption system for the company Santos & Ferreira, Lda

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

With more than three decades of experience in light metalworking, Santos & Ferreira, Lda stands out for its serial production capacity and industrial maintenance quality. Equipped with the necessary technology and a highly qualified team, it offers solutions for industries such as aeronautics, automobiles, food, chemicals, energy (including renewables), and others. A diversified portfolio that reflects the company's versatility and commitment to quality and innovation.

The funds raised through this campaign are intended to finance the installation of a solar system with a capacity of 34.50 kWp. This project will enable annual production of approximately 52.82 MWh, and energy self-sufficiency of 51%. This will guarantee a significant reduction in operating costs. Santos & Ferreira, Lda is committed to sustainability and will also replace the roof with fiber cement to achieve greater energy efficiency. 

This is Solcor's twentieth campaign. 13 of the 19 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, Solar Neutripuro, and Social Solar Solcor XIII.

The Impact

Direct

• Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 52 MWh per year, the solar plant will avoid the emission of about 4,5 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 206 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 António Evaristo Gonçalves 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

4,54 t

CO2 avoided per year

52,8

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

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:

• 1st degree pledge of credit rights by SOLCORELIOS II, UNIPESSOAL LDA (‘Seller’) of amounts receivable under a service contract with its client: Santos & Ferreira, Lda (‘Client’) with the following NIF 501358331. The contract was signed on 19/07/2024 and will run for 120 months.
• 1st degree commercial pledge, under Portuguese law, provided by SOLCORELIOS II, UNIPESSOAL LDA of movable assets, totalling an LTV (Loan To Value) of 92,86%, namely: photovoltaic plant with a power of 34,50 kWp consisting of 60 Risen RSM144-9-575BNDG (575W) photovoltaic panels, 2 Huawei SUN2000 30KTL- M3 inverters, 1 support structure (Energy Systems Coplanar), 1 monitoring equipment with Huawei Smartdongle internet connectivity and AC and DC equipment and accessories that were supplied by the company SOLCORACTION, LDA with the following tax identification number 515346306.

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