Solar Car Wash

Solar power for self-consumption in a car wash in Portugal.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

4.9

Term

months

Risk level

B-

What will you be financing?

Auto Lavagens da Vila is an innovative automatic car wash company in the North of Portugal that wants to become more sustainable and self-sufficient. The goal of this campaign is to finance the installation of a solar photovoltaic plant for self-consumption with a total power of 18,3 kWp in its facilities. The plant will generate 33,5MWh of energy per year.

The solar panels will be installed by Luz Verde (an energy services company). During the first 5 years, the power plant will be rented to the car wash company, after which period it will be acquired by the latter. The solar power plant will allow for significant energy savings in comparison with the car wash’s current consumption, as well as a reduction in its electricity bill.

What is the impact?

This project will have the following positive impact:

Reduced dependence on carbon-based fuels, avoiding the emission of 8,7 tons of CO2 a year: with an estimated production of 33,5 MWh, the photovoltaic system will avoid the emissions equivalent to planting 409 trees.
Cost reduction for the end client: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than recurring to the national grid. Also, the decreased dependence on the national grid, makes the company less vulnerable to price fluctuations

Moreover, for each developed project, the promoter will take one of the two following initiatives, according to its environmental policy:

Donate 10€ for each kW of 100% green energy installed to a non-profit organization.
Plant a tree for each kW of 100% green energy installed.

Impact indicators
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6800

CO2 avoided per year

33500

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

Frontrow Lda

This project will have the following positive impact:

Reduced dependence on carbon-based fuels, avoiding the emission of 8,7 tons of CO2 a year: with an estimated production of 33,5 MWh, the photovoltaic system will avoid the emissions equivalent to planting 409 trees.
Cost reduction for the end client: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than recurring to the national grid. Also, the decreased dependence on the national grid, makes the company less vulnerable to price fluctuations

Moreover, for each developed project, the promoter will take one of the two following initiatives, according to its environmental policy:

Donate 10€ for each kW of 100% green energy installed to a non-profit organization.
Plant a tree for each kW of 100% green energy installed.

Promoter website

http://luz-verde.pt/

Team
‍

[{"id":218,"promoter_id":173,"name":"Adriana Oliveira","description":"","link":"https://www.linkedin.com/in/adriana-oliveira-052a9aab","role":"Founder & CEO","member_photo":"","avatar_id":""}]

Business Model
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