Description

This campaign aims to finance a photovoltaic plant for self-consumption at a school called Escola Básica Integrada da Boa Água.

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. 

Located in Quinta do Conde, Sesimbra, the Escola Básica Integrada da Boa Água is an educational institution that plays a fundamental role in community life. As the headquarters of the Public School Grouping of Boa Água (AEBA), the school values student's socioeconomic and cultural diversity. In addition to the regular subjects, the school offers a wide range of complementary activities, such as the Student Assembly, School Sports, the Boa Água Handball Club, and the Eco-Schools Project, among others. All of this is part of an inclusive curriculum that seeks to prepare students for the challenges of the contemporary world. 

In a continuous search for sustainability and environmental awareness, EBI Boa Água is about to take an important step with the installation of solar panels. With a capacity of 51.7 kWP, solar energy production is estimated to reach 72,280 MWh in the first year. The initiative will allow the school to achieve energy self-sufficiency of 42% and significantly reduce electricity costs (by 56%).

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 more extended 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 Public School, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the school to maintain its focus on the students. 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 education related 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 over 72 MWh annually, the solar plant will help avoid the emission of almost 10 tonnes of CO2, equivalent to planting 450 trees.
• Cost reduction for the final client: the energy production for own consumption will energy reduce costs in 56%, enabling the elderly home 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 school to improve their services for the community.

Impact Indicators

9,91 t

CO2 avoided per year

72,3

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