Asbestos-free Solar Nursery
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https://goparity.com/projects/asbestos-free-solar-nursery-150

Asbestos-free Solar Nursery

Solar for self-consumption and asbestos removal in a daycare.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
4.5
%
Term
84
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
A
D
D

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https://goparity.com/projects/asbestos-free-solar-nursery-150

Description
Impact
Financial viability
Promoter

What will you be financing?

The purpose of this campaign is to finance two photovoltaic plants for self-consumption and the removal of an asbestos roof (asbestos cement roof) at the Associação Centro Social Sagrado Coração de Maria (ACSSCMF) school in Covilhã.

ACSSCMF  is a Private Institution of Social Solidarity (IPSS) and was founded in 1989, in the village of Ferro, in Covilhã with the aim of supporting the young and elderly population of the parish and the rest of the interior region.

The plants will have a total of 38 kWp of installed power, producing an average of 60.8 MWh of clean energy per year and avoiding the emission of around 30.4 tons of CO2 per year.

The installation, operation, monitoring and preventive maintenance of the solar panels will be in charge of Enforce  SA, a Portuguese company founded in 2001, dedicated to Energy Engineering, and with proven evidence in research and innovation projects. Enforce provides engineering services (specialty projects, energy certification for buildings, energy audits in the industry), energy (photovoltaic plants, self-consumption and autonomous systems) and electric mobility with more than 800 customers in Portugal.

What is the impact?

Direct:

  • Reduction of costs by the institution: the decentralized production of electric energy using renewables, close to the place of consumption, allows avoiding distribution costs, making this option more competitive than the energy supplied by the network. In addition, the decrease in the company's dependence on the electricity grid makes it less vulnerable to price fluctuations and tax burdens. Thus, the cost reduction allows the institution to improve its services and facilities, impacting students, the elderly, and employees of the Association.
  • Improving the health and well-being of students, teachers, and staff: the removal of an asbestos roof (asbestos cement cover) at the Association has direct health benefits for all who attend it. The use of asbestos in buildings has been banned in the European Union since 2005 and its presence has been associated with cases of cancer and other lung diseases, due to the inhalation of its fibers. The removal of asbestos in buildings (roofs, fire doors, pipes, and cisterns) must be performed by technicians and specialized companies so that safety is guaranteed.

Indirect:

  • Contribution to the decarbonization of the economy, avoiding CO2 emissions: with an estimated clean energy production of 60.8 MWh per year, the solar plant will avoid the emission of 12.3 tons of CO2 per year, equivalent to the planting of 561 trees.
  • Promotion of education for sustainability: inclusion of sustainability themes in educational plans of the school daycare that could reach 51 students, 5 teachers and 11 employees.

Impact indicators

12300
CO2 avoided per year
60800
clean energy
created by our projects
of sustainable
105
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About
Associação Centro Social do Sagrado Coração de Maria do Ferro

Direct:

  • Reduction of costs by the institution: the decentralized production of electric energy using renewables, close to the place of consumption, allows avoiding distribution costs, making this option more competitive than the energy supplied by the network. In addition, the decrease in the company's dependence on the electricity grid makes it less vulnerable to price fluctuations and tax burdens. Thus, the cost reduction allows the institution to improve its services and facilities, impacting students, the elderly, and employees of the Association.
  • Improving the health and well-being of students, teachers, and staff: the removal of an asbestos roof (asbestos cement cover) at the Association has direct health benefits for all who attend it. The use of asbestos in buildings has been banned in the European Union since 2005 and its presence has been associated with cases of cancer and other lung diseases, due to the inhalation of its fibers. The removal of asbestos in buildings (roofs, fire doors, pipes, and cisterns) must be performed by technicians and specialized companies so that safety is guaranteed.

Indirect:

  • Contribution to the decarbonization of the economy, avoiding CO2 emissions: with an estimated clean energy production of 60.8 MWh per year, the solar plant will avoid the emission of 12.3 tons of CO2 per year, equivalent to the planting of 561 trees.
  • Promotion of education for sustainability: inclusion of sustainability themes in educational plans of the school daycare that could reach 51 students, 5 teachers and 11 employees.

Promoter website

Business Model

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