Solcor Solar IX
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Solcor Solar IX

Solar installation for an automotive company
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
6.1
%
Term
96
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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Description
Impact
Financial viability
Promoter

What will you be financing?

This campaign aims to finance a photovoltaic self-consumption system for Expertcom, a Portuguese company in the urban mobility sector with a consolidated presence in the Porto metropolitan area.

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

Expertcom operates in the urban mobility sector with a vision grounded in sustainability and the energy transition. Based in Porto and São Mamede de Infesta, the company has a fleet of more than 60 vehicles and a network of over 120 drivers, working in partnership with the main mobility platforms. Expertcom has been supporting its drivers in the transition to electric vehicles and also operates electric charging stations in central Porto. The company aims to become a national reference in the sector, investing in technological innovation and in a more connected and sustainable future.

The contract signed between Solcor Portugal and the company includes the installation of a 166,97 kWp solar photovoltaic system for self-consumption, composed of 283 panels (590W each), two hybrid inverters - which allow for future integration of storage batteries - as well as DC and AC equipment and accessories, monitorization equipment, and a support structure. It will enable the production of over 200 MWh of clean energy per year and 19% energy self-sufficiency. This guarantees a reduction of 23% in electricity costs.

This is Solcor's thirtieth campaign. 19 of the 29 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, Social Solar Solcor VII, Social Solar Solcor VIII, Social Solar Solcor IX, Social Solar Solcor X, Social Solar Solcor XI, Social Solar Solcor XII, Social Solar Solcor XIII, Social Solar Solcor XIV, Social Solar Solcor XV, Social Solar Solcor XVI, Social Solar Solcor XVII, Social Solar Solcor XVIII, and Social Solar Solcor XIX.

What is the impact?

Direct 

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: with a total production of clean energy of over 204 MWh per year, the solar plant will avoid the emission of more than 22 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 1019 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 by Solcor for Expertcom 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

22428
Kg
CO2 avoided per year
204858
KWh
clean energy

Contribution to the Sustainable Development Goals

About 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.

Promoter website

http://www.solcor.pt

Team

[{"id":71,"promoter_id":280,"name":"Steven V Cauwenberge","description":"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.","link":"https://www.linkedin.com/in/steven-van-cauwenberge-93582395/","role":"Chief Executive Officer of the group","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/753/63bdb575312fc954774465.jpg","avatar_id":76177},{"id":72,"promoter_id":280,"name":"Vincent Vangeel","description":"Master’s degree in Business Engineering – Supply Chain from KU Leuven. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/vincent-vangeel/overlay/photo/","role":"Co-founder and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/bfd/63bdb5bfdd386221369571.jpg","avatar_id":76179},{"id":73,"promoter_id":280,"name":"Tommaso Mura","description":"Graduated in Energy Engineering from the Polytechnic University of Turin. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/tommaso-mura-a7ab65165/?originalSubdomain=pt","role":"Co-founder and COO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db6/08b/63bdb608ba7c3254533171.jpg","avatar_id":76180}]

Business Model

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