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100%
41.500 €

100% funded by 526 investors

Social Solar Solcor X

Location Pin Svg
Lisboa, PT

instalment

monthly

term

9 years

yearly interest

5.75%

risk rating

B

Solar self-consumption for two social institutions.

Description

This campaign aims to finance two photovoltaic plant for self-consumption at Lar das Pedralvas and Centro Julia Moreira, two institutions that support adults with disabilities, an indispensable service for a healthy and inclusive society.

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

The plant at the Júlia Moreira Centre has 25.3 kWp of power and the plant at Lar das Pedralvas has 24.2 kWp of power. The two plants will produce around 56.25MWh of clean energy per year and prevent the emission of around 7.7 tonnes of CO2 per year.

Lar das Pedralvas offers assistance to adults with intellectual disabilities through an Occupational Activities Center and a Residential Home for 25 people. The institution provides therapies such as Music Therapy, Animal Assisted Therapy, Hippotherapy, Therapeutic Riding, and Reiki with the aim of improving the quality of life of the residents. Volunteers play a key role as well as various partnerships in the area of health and leisure. The institution aims to involve families in the residents' lives, promoting cooperation and active participation, including in initiatives called "work brigades", which aim to maintain and improve the space.

Centro Júlia Moreira is an institution that supports adults with severe intellectual disabilities and reduced mobility. With a capacity for 90 beneficiaries, the main focus is on therapeutic and sensory activities to improve the physical and emotional well-being of those assisted. At the center, there are specialists in Occupational Therapy, Psychomotricity, Social Education, Education, Psychology, and Social Work to offer personalized support. The institution also promotes adapted activities and sports in the community to create opportunities for socialization. In addition, the space is home to the "Nós" Theater Group, with 43 actors who attend various APPACDM Lisbon centers and perform for the school community.

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 

  • Contribution to the decarbonisation, avoiding CO2 emissions: With a total production of clean energy of over 56.25 MWh per year, the solar plant will avoid the emission of about 7.7 tons of CO2 per year. This is equivalent to the CO2 absorption of 350 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 

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

Impact Indicators

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7.71 T

CO2 avoided per year

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56.25 Mwh

clean energy

Sustainable Development Goals

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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.

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:
  • Guarantee from SOLCORACTION, LDA in the total amount of the loan;
  • Pledge of credit rights by SOLCORELIOS II, UNIPESSOAL LDA of amounts to be received under its service provision contracts with its customers: Fundação Irene Rolo and Futebol Clube de Alverca;
  • Pledge of equipment.

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.

The team

Steven V Cauwenberge

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Chief Executive Officer of the group

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.

Vincent Vangeel

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Co-founder and CEO

Master’s degree in Business Engineering – Supply Chain from KU Leuven. Master’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.

Tommaso Mura

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Co-founder and COO

Graduated in Energy Engineering from the Polytechnic University of Turin. Master’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.

Business Model

The Solcor Group is primarily active in the development and operation of commercial solar installations. The group has already developed over 650 solar systems for clients across a wide range of sectors and currently manages more than 700 installations.

Its strong growth has been driven largely by the implementation of the ESCO model, in which clients pay for their solar installation using the savings generated — without the need for any upfront investment. Together with its partners, Solcor has invested more than 25 million euros in projects for its clients.

Active since

2019

Fiscal country

PT

Operating In

Portugal

Industry

Energy

Number of Goparity Loans

21

Women Shareholders

No

Updates

2023-11-04

First payment

First instalment was paid to all the investors

2023-10-02

100% funded

502 investors successfully raised 41.500€

2023-09-29

Open for investment

This campaign will help avoid the emission of 8 tons of CO2 per year

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