Description

This campaign aims to finance a photovoltaic plant for self-consumption at António Evaristo Gonçalves. 

Located in the Lezíria region of Ribatejo (Portugal), the agricultural company António Evaristo Gonçalves focuses on vegetable production. With more than 16 years of activity, the company's land is home to vineyards that contribute to the region's wines and tomato plantations for processing into pulp.

António Evaristo Gonçalves' dedication to the quality of its products and production efficiency is reinforced by their decision to adopt solar energy as a power source. With a total capacity of 228 kWp, the investment will be channeled into two photovoltaic installations: the first will have 74.10 kWp, and the second, larger, 153.90 kWp.

The solar panels will be installed and maintained by Solcor Portugal, a company specializing in photovoltaic solar installations.

Over the first year, energy production is expected to total 375.8 MWh. The installation will significantly reduce energy costs, and significantly improve the company's self-sufficiency. The first installation aims to achieve self-sufficiency of 49% and a cost reduction of 58%, while the second is expected to contribute to self-sufficiency of 57% and a cost reduction of 66%.

This is Solcor's sixteenth campaign. 13 of the 15 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.

The Impact

Direct 

• Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 375 MWh per year, the solar plant will avoid the emission of about 32 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 1469 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 for António Evaristo Gonçalves 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

32.32 T

CO2 avoided per year

375.8 Mwh

clean energy

Contribution to the Sustainable
Development Goals

Sustainable Development Goals

Financial viability

Download Key Investment Information Sheet

Guarantees

The loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by the investors will be backed by the following guarantees, provided for in the loan agreements associated with the campaign:

• Pledge of a single share in SOLCORELIOS II, UNIPESSOAL LDA, held by SOLCORACTION, LDA.
• Pledge of credit rights of SOLCORELIOS II, UNIPESSOAL LDA of the amounts to be received under its service contracts with its client: António Evaristo Gonçalves - Soc. Agrícola Unip. Lda.

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