Social Solar Solcor X

Solar self-consumption for two social institutions.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

5.75

Term

108

months

Risk level

C+

What will you be financing?

This campaign aims to finance two photovoltaic plant for self-consumption at Lar das Pedralvas and Centro Julia Moreira, two institutions that support adults with disabilities, an indispensable service for a healthy and inclusive society.

The installation and operation of the solar panels will be carried out by the campaign promotor: Solcor Portugal, a company specializing in the development and operation of solar photovoltaic installations.

The plant at the Júlia Moreira Centre has 25.3 kWp of power and the plant at Lar das Pedralvas has 24.2 kWp of power. The two plants will produce around 56.25MWh of clean energy per year and prevent the emission of around 7.7 tonnes of CO2 per year.

Lar das Pedralvas offers assistance to adults with intellectual disabilities through an Occupational Activities Center and a Residential Home for 25 people. The institution provides therapies such as Music Therapy, Animal Assisted Therapy, Hippotherapy, Therapeutic Riding, and Reiki with the aim of improving the quality of life of the residents. Volunteers play a key role as well as various partnerships in the area of health and leisure. The institution aims to involve families in the residents' lives, promoting cooperation and active participation, including in initiatives called "work brigades", which aim to maintain and improve the space.

Centro Júlia Moreira is an institution that supports adults with severe intellectual disabilities and reduced mobility. With a capacity for 90 beneficiaries, the main focus is on therapeutic and sensory activities to improve the physical and emotional well-being of those assisted. At the center, there are specialists in Occupational Therapy, Psychomotricity, Social Education, Education, Psychology, and Social Work to offer personalized support. The institution also promotes adapted activities and sports in the community to create opportunities for socialization. In addition, the space is home to the "Nós" Theater Group, with 43 actors who attend various APPACDM Lisbon centers and perform for the school community.

This campaign offers a longer-than-average loan term for Goparity standards. This means you will receive your capital back and gain interest over a longer period of time. The rental agreement associated with the self-consumption photovoltaic installation foresees a low monthly payment by the beneficiary, who enjoys savings without initial financial investment to purchase the solar panels. Therefore, since the supply company’s payback period is longer, the payment plan is also extended (8-15 years). In this project, the beneficiary is a social solidarity private institution, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the social institution to maintain its focus on the community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. The savings generated by the solar plant for the beneficiary can be invested in social impact projects, where they make a difference. A solar panel can be used for about 30 years, making it a safe, profitable investment with relevant environmental impact. Impact investing in this type of project is a commitment to cleaner, safer, decentralized, and democratic energy systems.

What is the impact?

Direct

Contribution to the decarbonisation, avoiding CO2 emissions: With a total production of clean energy of over 56.25 MWh per year, the solar plant will avoid the emission of about 7.7 tons of CO2 per year. This is equivalent to the CO2 absorption of 350 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

Improvement of the organization's core services: the cost reduction in electricity expenses enables the associations to improve their services for the community.

Impact indicators
‍

7706

CO2 avoided per year

56250

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

SOLCORELIOS II, UNIPESSOAL LDA

Direct

Contribution to the decarbonisation, avoiding CO2 emissions: With a total production of clean energy of over 56.25 MWh per year, the solar plant will avoid the emission of about 7.7 tons of CO2 per year. This is equivalent to the CO2 absorption of 350 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

Improvement of the organization's core services: the cost reduction in electricity expenses enables the associations to improve their services for the community.

Promoter website

http://www.solcor.pt

Team
‍

[{"id":71,"promoter_id":280,"name":"Steven V Cauwenberge","description":"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.","link":"https://www.linkedin.com/in/steven-van-cauwenberge-93582395/","role":"Chief Executive Officer of the group","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/753/63bdb575312fc954774465.jpg","avatar_id":76177},{"id":72,"promoter_id":280,"name":"Vincent Vangeel","description":"Master’s degree in Business Engineering – Supply Chain from KU Leuven. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/vincent-vangeel/overlay/photo/","role":"Co-founder and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/bfd/63bdb5bfdd386221369571.jpg","avatar_id":76179},{"id":73,"promoter_id":280,"name":"Tommaso Mura","description":"Graduated in Energy Engineering from the Polytechnic University of Turin. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/tommaso-mura-a7ab65165/?originalSubdomain=pt","role":"Co-founder and COO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db6/08b/63bdb608ba7c3254533171.jpg","avatar_id":76180}]

Business Model
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