Energy communities X
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Energy communities X

Clean local energy for self-consumption.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
5.65
%
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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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 the city of Coimbra, in Portugal. 

The energy community will be installed in two separate locations at Centro Norton de Matos and a local company called Crossing Answers, combined the two plants will have an installed capacity of 74.6 kWp, and produce around 96MWh of clean energy per year. This community will be part of the project “100 Villages”.

Each Renewable Energy Community (REC) has a radius of about 2km, centered on the facility where the PV plant will be installed (anchor producer). The promoter will find consumers in this region, preferably with social affinities and consumption profiles complementary to that of the anchor producer. The REC can also grow with the adhesion of new members who have rooftops or land with capacity to expand the installed PV power, or with the introduction of other renewable generation sources (wind, biomass or hydroelectric, for example).

Centro Norton de Matos is a Association founded in 1950 in Coimbra that offers a large variety of services and activities to their community mostly related to sports, culture, and leisure, from basketball and ballet to chess and card games. 

The organization will become 48% energy sufficient and will become carbon-positive by producing 199% of its total energy consumption. The excess energy will positively impact 30 families in the surrounding areas.

Crossing Answers develops innovative tech based solutions that simplify the interaction between people and unattended equipment. 

The company will become 34% energy sufficient and will become carbon-positive by producing 109% of its total energy consumption. The excess energy will positively impact 22 families in the surrounding areas.

“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. Their 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 decarbonizing 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.

What is the impact?

Direct  

  • Contribution to the decarbonization of Portugal, avoiding CO2 emissions:with a clean energy production of over 96.5 MWh per year, the solar energy central will avoid the emission of more than 13.2 tonnes of CO2 every year. This is equivalent to the absorption of CO2 from 601 trees. 

Indirect  

  • 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

13233
CO2 avoided per year
96590
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  

  • Contribution to the decarbonization of Portugal, avoiding CO2 emissions:with a clean energy production of over 96.5 MWh per year, the solar energy central will avoid the emission of more than 13.2 tonnes of CO2 every year. This is equivalent to the absorption of CO2 from 601 trees. 

Indirect  

  • 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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