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

3,89 t

CO2 avoided per year

28,4

MWh clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download Key Investment Information Sheet

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, 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