Description

This campaign aims to finance the expansion of a photovoltaic self-consumption system for the company Jetesetecar - Equipamentos Auto Lda.

The installation and operation of the solar panels will be carried out by the campaign promoter: Solcor Portugal, specialising in solar installations.

Jetesetecar, founded in 1994, is a company in the automotive aftermarket sector. It has evolved from commercial activity into the assembly and metalworking sectors, strengthening its competitiveness and international presence. It maintains a strategic partnership with Fabrilcar, a leading name in thermoplastic components. Today, it develops its own-brand products and exclusive brands, supported by cutting‑edge technology.

The initial solar installation - an 89.1 kWp system with 198 panels and two inverters - was successfully installed and was financed by Goparity investors through the Solcor Solar VII campaign. The funds raised through this campaign will finance the addition of 110 solar panels of 590W each, two inverters and a support structure, bringing the total installed capacity to 153,45 kWp.

The expansion will increase the company's energy self-sufficiency from 28% to 36% and enable the production of over 80 MWh of clean energy, reinforcing Jetesetecar's commitment to decarbonisation and reducing its dependence on the national electricity grid.

This is Solcor's twenty-nineth campaign. 18 of the 28 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, Social Solar Solcor VII, Social Solar Solcor VIII, Social Solar Solcor IX, Social Solar Solcor X, Social Solar Solcor XI, Social Solar Solcor XII, Social Solar Solcor XIII, Social Solar Solcor XIV, Social Solar Solcor XV, Social Solar Solcor XVI, Social Solar Solcor XVII, and Social Solar Solcor XVIII.

The Impact

Direct 

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 80.91 MWh per year, the solar plant will avoid the emission of about 8.86 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 403 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 

Promoting sustainable business: the project developed by Solcorelios 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

8.86 T

CO2 avoided per year

80.91 Mwh

clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download the Financial Statements for the promoter here

Download Key Investment Information Sheet

Guarantees

The loans granted to the project promoter SOLCORELIOS II, UNIPESSOAL LDA by investors will be secured by the following guarantees, as set out in the loan agreements relating to the campaign:

• 2nd degree pledge of credit rights under Portuguese law to be provided by SOLCORELIOS II, UNIPESSOAL LDA (“Seller”), relating to amounts receivable under the service contract with its client Jetesetecar - Equipamentos Auto Lda (“Client”), with tax identification number 503194387. The contract was entered into on 8 April 2022 and will have a term of 180 months.
• 1st degree commercial pledge, under Portuguese law, to be provided by SOLCORELIOS II, UNIPESSOAL LDA, over movable assets already installed, namely: a 64,35 kWp photovoltaic plant, comprising 110 solar panels (Risen brand, RSM144-9-565BNDG -585BNDG-585W), 2 Huawei SUN2000-50KTL-M3 inverters and 1 support structure (Energy Systems Coplanar), supplied by the company SOLCORACTION, LDA, with tax identification number 515346306.

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

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

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

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

Updates