Social Solar Solcor XVII
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Social Solar Solcor XVII

Solar energy for self-consumption for a social association
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
5.6
%
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
B-

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https://goparity.com/projects/social-solar-solcor-xvii-557

Description
Impact
Financial viability
Promoter

What will you be financing?

This campaign aims to finance a photovoltaic plant for Legado do Caixeiro Alentejano, a nonprofit mutual association that has supported its members and the wider community for nearly a century.

Legado do Caixeiro Alentejano is a non-profit Mutual Association founded on October 15, 1926. The Mutual Association provides support to its members, beyond mutualist services, through a social sector with various facilities such as Kindergarten, Day Centre, Home Care, and Nursing Home.

The contract signed between Solcor Portugal and the association includes the installation of a 74,9 kWp solar photovoltaic system for self-consumption, composed of 128 panels (585W each), two inverters, and a support structure. It will enable the production of over 110 MWh of clean energy per year. 

One third of Legado do Caixeiro Alentejano’s energy consumption will come directly from the photovoltaic plant, resulting in a 44% reduction in electricity costs.

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 110 MWh per year, the solar plant will avoid the emission of about 4,85 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 220 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

Promoting sustainable business: the project developed for Legado Do Caixeiro Alentejano - Associação Mutualista, is an example of the applicability of solar power for any business, and in this case serves as a benchmark to similar industries, an important step towards sustainability for businesses in Portugal.

Impact indicators

4850
CO2 avoided per year
110221
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 110 MWh per year, the solar plant will avoid the emission of about 4,85 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 220 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

Promoting sustainable business: the project developed for Legado Do Caixeiro Alentejano - Associação Mutualista, is an example of the applicability of solar power for any business, and in this case serves as a benchmark to similar industries, an important step towards sustainability for businesses in Portugal.

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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