Social Solar Solcor XVI

Solar energy for self-consumption for firefighters headquarters

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

5.35

Term

120

months

Risk level

C+

What will you be financing?

This campaign aims to finance a photovoltaic plant for the Humanitarian Association of Firefighters of Arruda dos Vinhos, a nonprofit fire and emergency services organization with more than 136 years of service to the community.

Founded in 1889, the Humanitarian Association of Firefighters of Arruda dos Vinhos has played an essential role in protecting and supporting the community. For over a century, it has distinguished itself through its emergency response capabilities, effective resource management, and the dedication of its volunteers and professionals. Recognised as a leading entity in local and regional civil protection, it combines experience, proximity, and commitment to public service.

The contract signed between Solcor Portugal and the association includes the installation of a 29,43 kWp solar photovoltaic system for self-consumption, composed of 54 panels (545W each), one inverter (30 kW), and a support structure. It will enable the production of over 44 MWh of clean energy per year. The contract also includes the replacement of an asbestos roof for a sandwich roof panel.

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

What is the impact?

Direct

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 44 MWh per year, the solar plant will avoid the emission of about 2 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 88 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.
Improving the health and well-being of staff: The removal of an asbestos roof (asbestos cement cover) at the Association has direct health benefits for all who attend it. The use of asbestos in buildings has been banned in the European Union since 2005 and its presence has been associated with cases of cancer and other lung diseases, due to the inhalation of its fibers. The removal of asbestos in buildings (roofs, fire doors, pipes, and cisterns) must be performed by technicians and specialized companies so that safety is guaranteed.
Modernization of buildings making them more sustainable: The asbestos roof will be replaced by a sandwich panel which is more efficient at maintaining a constant temperature all throughout the year.

Indirect

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

Impact indicators
‍

1954

CO2 avoided per year

44397

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 of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 44 MWh per year, the solar plant will avoid the emission of about 2 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 88 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.
Improving the health and well-being of staff: The removal of an asbestos roof (asbestos cement cover) at the Association has direct health benefits for all who attend it. The use of asbestos in buildings has been banned in the European Union since 2005 and its presence has been associated with cases of cancer and other lung diseases, due to the inhalation of its fibers. The removal of asbestos in buildings (roofs, fire doors, pipes, and cisterns) must be performed by technicians and specialized companies so that safety is guaranteed.
Modernization of buildings making them more sustainable: The asbestos roof will be replaced by a sandwich panel which is more efficient at maintaining a constant temperature all throughout the year.

Indirect

Improvement of the organization's core services: The cost reduction in electricity expenses enables the association 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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