Social Solar Solcor XIII
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Social Solar Solcor XIII

Solar energy for self-consumption for Firefighters Headquarters.
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
6
%
Term
120
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
C+

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https://goparity.com/projects/social-solar-solcor-xiii-441

Description
Impact
Financial viability
Promoter

What will you be financing?

This campaign aims to finance photovoltaic plants for self-consumption for not one but two Volunteer Firefighters Headquarters: Bombeiros Voluntários de Alcoentre and Bombeiros Voluntários de Montelavar.

With almost a century of history, the non-profit association Bombeiros Voluntários de Alcoentre's main purpose is to protect lives and property through its volunteer fire department. In addition, the association promotes cultural, sporting, and social activities to enrich the community. For example, its Music Band began in 1886 and is a testimony to the preservation of the region's history and culture. 

Recently, BV Alcoentre decided to seek renewable energy sources for its infrastructure. The 27.3 kWp photovoltaic installation will soon be ready for operation and will be 34% self-sufficient, resulting in 48% savings on electricity bills.

In the Sintra region, another organization that stands out for its social and environmental work is the Associação Humanitária de Bombeiros Voluntários de Montelavar (AHBVM). Founded in 1983, the AHBVM's mission is firefighting, accident relief, pre-hospital emergency services, and other activities that involve preserving and caring for the community. 

To reinforce its commitment to the environment and sustainability, AHBVM decided to invest in solar energy. The 46.2 kWp installation will provide 37% energy autonomy and save 52% on electricity bills. It will also help to reduce CO2 emissions and preserve natural resources.

Both organizations will also have their roofs replaced, from fiber cement to sandwich panels. This will result in better thermal efficiency for the buildings.

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

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 more extended 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 beneficiaries are firefighters, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the club to focus on its community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. 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 of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 100 MWh per year, the solar plant will avoid the emission of about 14 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 626 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 volunteer fire departments to improve their services for the community.


Impact indicators

13781
CO2 avoided per year
100590
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About
SOLCORELIOS II, UNIPESSOAL LDA

Direct 

  • Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 100 MWh per year, the solar plant will avoid the emission of about 14 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 626 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 volunteer fire departments 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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