Solcor Solar VI

Solar energy for self-consumption for a graphic design company.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

5.6

Term

months

Risk level

This campaign aims to finance a electric charger and a photovoltaic self-consumption system for the company Manuel Barbosa & Filhos, Lda.
The installation and operation of the solar panels will be carried out by the campaign promoter: Solcor Portugal, specialising in solar installations.

Manuel Barbosa & Filhos, Lda was founded on 24 November 1978, starting its activity in the Portuguese city of Loures. The company has been committed to building a serious, credible and renowned presence in the world of Graphic Arts. This founding ambition continues to guide its identity and performance, sustaining relationships of trust and a consolidated reputation in the market.

The funds raised through this campaign are intended to finance the installation of a solar system with a capacity of 129,9 kWp and a charger for electric vehicles. This project will enable annual production of approximately 187987,70 kWh, and energy self-sufficiency of 44%. This guarantees a significant reduction in operating costs.

This is Solcor's twenty-fourth campaign. 14 of the 20 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, Solar Casarão, Social Solar Solcor VII, Social Solar Solcor VIII, Social Solar Solcor IX, Social Solar Solcor X, Social Solar Solcor XI, Social Solar Solcor XII, Solar Neutripuro, Social Solar Solcor XIII, and Solar Solcor IV.

What is the impact?

Direct

Contribution to the decarbonisation of Portugal avoiding CO2 emissions: With a total production of clean energy of over 187 MWh per year, the solar plant will avoid the emission of more than 8 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 375 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.
Promoting the modernisation of infrastructure to make it more resilient and sustainable: This loan will enable the company to install an electric vehicle charging station at its premises, fostering the adoption of electric mobility within its operations.

Indirect

Promoting sustainable business: The project developed for Manuel Barbosa & Filhos 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
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8271

CO2 avoided per year

187988

KWh

clean energy

Contribution to the Sustainable Development Goals
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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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