sustainable_energy svg
100%
19.500 €

100% funded by 284 investors

Social Solar Solcor IX

Location Pin Svg
Caldas da Rainha, PT

instalment

monthly

term

9 years

yearly interest

6%

risk rating

B

Solar self-consumption for a social association.

Description

This campaign aims to finance a photovoltaic plant for self-consumption at Associação de Solidariedade e Educação de Salir de Matos (ASESM), a solidarity and educational association.

The installation and operation of the solar panels will be installed and operated by the campaign promotor: Solcor Portugal, a company specializing in the development and operation of solar photovoltaic installations. 

ASESM is a Private Institution of Social Solidarity (IPSS) committed to providing quality services based on humanism and close relationships with beneficiaries. Founded in 1969, ASESM plays an important role in their community, supporting both children and the elderly in the region. 

The association values voluntary work and seeks to offer adequate responses to the needs of beneficiaries. With 52 dedicated workers, the association operates as a Kindergarten, ERPI, Day Center, and Home Support, providing comprehensive services.  

To reinforce its commitment to sustainability, ASESM is planning to install solar panels on its building. The project will have an output of 19.3 kW and is estimated to produce approximately 30 MWh of energy in the first year. This initiative will result in 35% energy self-sufficiency and a 42% reduction in electricity costs.

This campaign offers a longer-than-average loan term for Goparity standards. This means you will receive your capital back and gain interest over a longer period of time. The rental agreement associated with the self-consumption photovoltaic installation foresees a low monthly payment by the beneficiary, who enjoys savings without initial financial investment to purchase the solar panels. Therefore, since the supply company’s payback period is longer, the payment plan is also extended (8-15 years). In this project, the beneficiary is a social solidarity private institution, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the social institution to maintain its focus on the community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. The savings generated by the solar plant for the beneficiary can be invested in social impact projects, where they make a difference. A solar panel can be used for about 30 years, making it a safe, profitable investment with relevant environmental impact. Impact investing in this type of project is a commitment to cleaner, safer, decentralized, and democratic energy systems.

The Impact

Direct

  • Contributing to the decarbonization of the economy, by avoiding the emission of CO2: with an estimated clean energy production of 28.3 MWh annually, the solar plant will help avoid the emission of almost 3.9 tonnes of CO2, equivalent to planting 177 trees. 

  • Cost reduction for the final client: the energy production for own consumption will energy reduce costs, enabling the association to direct resources to its core activity. The decentralized energy production through renewable sources, close to the consumption site, helps to avoid distribution costs, making this a more competitive option than reverting to the national grid. Furthermore, the decreased dependency of the organisation on the national grid, makes it less vulnerable to price fluctuations and fiscal charges. 

Indirect

  • Improvement of the organization's core services: the cost reduction in electricity expenses enables the association to improve their services for the community.

Impact Indicators

Metrics Svg

3,89 t

CO2 avoided per year

Metrics Svg

28,4

MWh clean energy

Sustainable Development Goals

7 image
13 image

Financial viability

The project is co-financed by Solcor Portugal, the guarantor of the loan.
The maturity of the loan was calculated to ensure that the monthly installments are paid by the revenue generated through the rental payments for the solar plant.

PDF Logo Svg

Download Key Investment Information Sheet

Security SVG
Guarantees

Pledge of equipment, pledge of receivables from the final client and pledge of Solcor Portugal.

The Promoter

About SOLCORELIOS II, UNIPESSOAL LDA

SOLCORACTION LDA, ou Solcor Portugal, faz parte do Grupo Solcor, um grupo com raízes belgas, fundado em 2014 e activo em Portugal, no Chile, e na Colômbia. O grupo está focado em instalações solares comerciais e no financiamento destes projectos. Até à data, têm mais de 400 projectos concluídos. 

A Solcor conta frequentemente com o aconselhamento técnico das outras empresas do grupo, fortemente ligadas pela partilha dos mesmos accionistas. Em conjunto, a sua atividade é transversal a quase todos os aspectos do mercado solar fotovoltaico: 

  • EMAT - um distribuidor de equipamento fotovoltaico.
  • Nikola - um instalador resiliente.
  • Delta Activos -  uma empresa dedicada à manutenção solar.

A SOLCORELIOS II, UNIPESSOAL LDA faz parte do Grupo Solcor (uma empresa sucursal da Solcor Portugal), criada para desenvolver projectos solares para associações e organizações com envolvimento comunitário ou propósitos sociais.

A Solcor está activa em Portugal desde 2019. Tem uma equipa talentosa de 15 pessoas que acumulam mais de 100 projectos solares em Portugal, contribuindo para a experiência da empresa no desenvolvimento, operação e financiamento de centrais solares a nível nacional

A Solcor quer aumentar a consciência energética e contribuir para a descarbonização da nossa economia, desenvolvendo relações sustentáveis através de acordos e colaborações positivas, simples e transparentes. Com base no seu desempenho e solidez financeira, o promotor foi certificado como uma das 5% melhores PMEs de Portugal (2022).

A sua fábrica solar no Museu do Caramulo foi uma das primeiras instalações de auto-consumo colectivo do país.

The team

Steven V Cauwenberge

linkedin
Diretor Executivo do grupo

Fundador do Grupo Solcor, atualmente a trabalhar como Director Executivo do Grupo Solcor. Mestrado em Engenharia de Negócios - Finanças na KU em Leuven. Mestrado em Engenharia Civil. Pós-Graduação em Análise de Investimento na London School of Economics.

Vincent Vangeel

linkedin
Co-fundador e CEO

Mestrado em Engenharia de Negócios - Supply Chain na KU em Leuven. Mestrado em Engenharia de Energias Renováveis no IST em Lisboa e KTH em Estocolmo.

Tommaso Mura

linkedin
Co-fundador e COO

Licenciado em Engenharia Energética pelo Politécnico de Torino. Mestrado em Engenharia de Energias Renováveis pelo IST em Lisboa e KTH em Estocolmo.

Business Model

O Grupo Solcor é principalmente ativo no desenvolvimento e operação de instalações solares comerciais. O grupo já desenvolveu mais de 400 instalações solares para clientes duma vasta gama de sectores e gere atualmente mais de 500 instalações.

O forte crescimento do grupo deu-se principalmente sob o impulso da aplicação do modelo ESCO, onde o cliente paga pela sua instalação solar com as poupanças geradas pela instalação sem necessidade de um investimento inicial. A Solcor, em conjunto com os seus parceiros, investiu mais de 25 milhões de euros em projetos para os seus clientes.

Active since

2019

Fiscal country

PT

Operating In

Portugal

Industry

Energy

Number of Goparity Loans

20

Women Shareholders

No

Updates

2023-08-28

First payment

First instalment was paid to all the investors

2023-07-28

100% funded

268 investors successfully raised 19.500€

2023-07-18

Open for investment

This campaign will help avoid the emission of 4 tons of CO2 per year

Sign up to our newsletter and stay up-to-date on our investment opportunities