Energy Communities XIV
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Energy Communities XIV

Clean local energy for self-consumption.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
6.45
%
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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https://goparity.com/projects/energy-communities-xiv-401

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 (REC) located in Anobra, in the municipality of Condeixa-a-Nova (Coimbra). 

Two photovoltaic power plants will integrate the REC, with an installed capacity of 89 kW, which will produce around 119 MWh of clean energy per year. The plants are located at the facilities of Ecodogs (a pet spa and hotel), and "O Móvel" (a furniture company). This community will be part of the project “100 Villages”.

136 solar panels will be installed at O Móvel, with a capacity of 63 kWp, the panels are expected to produce 79 MWh of clean energy per year.

52 solar panels will be installed at Ecodogs, with a capacity of 26 kWp, the panels are expected to produce over 39MWh of clean energy per year.

“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 almost 119.3 MWh per year, the solar energy central will avoid the emission of over 16.3 tonnes of CO2 every year. This is equivalent to the absorption of CO2 from 743 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

16344
CO2 avoided per year
119282
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 almost 119.3 MWh per year, the solar energy central will avoid the emission of over 16.3 tonnes of CO2 every year. This is equivalent to the absorption of CO2 from 743 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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