Energy communities
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https://goparity.com/projects/energy-communities-201

Energy communities

Clean local energy for self-consumption in a Portuguese small town.
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.
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C+

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https://goparity.com/projects/energy-communities-201

Description
Impact
Financial viability
Promoter

What will you be financing?

The funds raised through this campaign will be used to finance the installation of a renewable energy community located in a small town in the North of Portugal (parish of Calvão, Castelões, in the municipality of Chaves). A total of 86,2 kWp will be installed. The plant will produce around 140,8 MWh of clean energy per year. This community will be part of the project “100 Villages” and is one of the three plants to be installed in the parish of Calvão.


“100 Aldeias” is a Portuguese project led by Cleanwatts (the promoter of this campaign and a pioneer in this type of project) and by the companies "About the Energy", in partnership with BEWG and Jeune. The mission of this project is to fight energy poverty by creating renewable energy communities that produce their own green, clean and decarbonized electricity, and promoting good energy practices among these same communities.

Adhering members will be able to buy electricity produced at the plant at a price around 25% lower than the price of the national grid during sunny hours. Participants will not be required to make any investment or change their contracts with their current energy supplier. Instead, they will only consume part of the energy generated from a local, green and sustainable source. This will accelerate the process of decarbonising these villages.

The participating members of the energy community will benefit from the referred reduced rate for a period of 20 years, with no need to make investments, nor charges or responsibilities with the operation, maintenance or installation. Cleanwatts will be responsible for the technical management of operation, maintenance and installation.

The project, which was awarded the Power Technology Excellence Awards in the Social Impact category, aims to positively impact 20,000 people living in 100 small Portuguese villages. The project is focused on rural communities and low-density territories, where it is difficult to gain scale for large photovoltaic production plants. It groups together several villages, where small photovoltaic plants will be installed, preferably on the roofs of existing buildings. 

The energy generated will benefit the locals, without them having to incur financial effort. The company will also carry out training initiatives with its Kisense and Kiplo Energy Communities energy management tools, which will be made available to the Community to monitor and identify additional savings opportunities through energy efficiency projects and the introduction of energy storage at all times. that relevant.

What is the impact?

Direct impact

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: with a clean energy production of around 140 MWh per year, the solar energy central will avoid the emission of 18,8 tonnes of CO2 every year. This is equivalent to the absorption of CO2 from around 900 trees.


Indirect impact

Reduction of energy poverty in Portugal: through community energy production, the "100 Aldeias" project will impact 20,000 people in 100 small Portuguese villages, with an expected reduction of around 10% of their energy costs and an increase in their levels of thermal comfort.

Impact indicators

18867
CO2 avoided per year
140800
clean energy
created by our projects
of sustainable
200
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About
CLEANWATTS ENERGY PROJECTS, LDA

Direct impact

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: with a clean energy production of around 140 MWh per year, the solar energy central will avoid the emission of 18,8 tonnes of CO2 every year. This is equivalent to the absorption of CO2 from around 900 trees.


Indirect impact

Reduction of energy poverty in Portugal: through community energy production, the "100 Aldeias" project will impact 20,000 people in 100 small Portuguese villages, with an expected reduction of around 10% of their energy costs and an increase in their levels of thermal comfort.

Promoter website

https://www.cleanwatts.energy/

Team

[{"id":21,"promoter_id":235,"name":"Basílio Simões","description":"Serial entrepreneur with over 25 years of experience as CEO, Board Member, and Angel Investor. Founder and CEO of ISA (Intelligent Sensing Anywhere), scaled up to 150 FTE and IPO in 2012. Foundational investor of Virtual Power Solutions (2014) and Energia Simples (2015). PhD in Technology, Physics, Invited Professor for Innovation and Entrepreneurship at Coimbra University.","link":"https://www.linkedin.com/in/jbsimoes/","role":"Co-Founder and President in Portugal","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/630/dd8/301/630dd83012fb7321604851.jpg","avatar_id":65349},{"id":22,"promoter_id":235,"name":"Michael Pinto","description":"An executive with over 25 years experience in Fortune 50 companies, leading international commercial operations, corporate finance and large-scale transformations in multiple industries, tech sectors and financial services across the Americas, Europe and Asia.","link":"https://www.linkedin.com/in/michaelpinto2004/","role":"CEO and Co-Founder","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/630/dd8/ad7/630dd8ad75c63530725965.jpg","avatar_id":65350},{"id":23,"promoter_id":235,"name":"Luisa Matos","description":"Economist, MSc, MBA, Oxford DIPSI, PhD in Energy BMs and Digital Transformation. Over 15 years of experience in senior management, business strategy, innovation, RTD, MKT, and product development. Co-founder and CEO of Virtual Power Solutions.","link":"https://www.linkedin.com/in/luisamatos/","role":"CIO/COO & Co-Founder","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/630/dd9/159/630dd91594ec7334201387.jpg","avatar_id":65351}]

Business Model

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