Solar for Social

Solar energy for self-consumption for two social solidarity institutions.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

4.5

Term

months

Risk level

C+

What will you be financing?

The aim of this campaign is to finance two photovoltaic plants for self-consumption in two Social Solidarity Institutions: Centro Social de Margem, in Gavião, a small town in Alento, Portugal, and Centro de Dia e Lar de Nossa Senhora da Graça de Degolados, in Campo Maior, a small town in the same region.

The two solar power plants will have a total power of 34,9kWp installed which will produce 49,2 MWh of clean energy per year.

The installation and operation of the solar panels will be carried out by Pleno Energia, a Portuguese energy commercialization and energy services company which will also be the project’s promoter and owner of the solar panels, as well as the energy producer and trader.

A PPA (Power Purchase Agreement) has been signed between the promoter and the two institutions. A PPA is a long-term agreement (in this case, 12 years) with a fixed price, for the purchase and sale of clean energy established between a renewable energy producer (in this case Pleno Energia) and the entity that consumes electricity (in this case, the institutions). The two institutions will therefore reduce their consumption energy from the national electricity grid and will start consuming energy from the panels to be installed.

In turn, Pleno Energia will sell the energy at a 20% discount for a period of 12 years after the installation of the panels. After this period, the panels will become the property of the institutions.

What is the impact?

Direct:

Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 49,2 MWh, the photovoltaic system will avoid the emission of 10 tons of CO2, the equivalent to planting 454 trees.

Indirect:

Cost reduction for the social solidarity institutions: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than resorting to the national grid. This reduction on electricity costs will allow the institution to invest the savings in improving its social care services. Also, the decreased dependence on the national grid makes the company less vulnerable to price fluctuations.

Impact indicators
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10000

CO2 avoided per year

49200

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

PLENOENERGIA, S.A.

Direct:

Reduced dependence on carbon-based fuels, avoiding the emission of CO2: with an estimated production of 49,2 MWh, the photovoltaic system will avoid the emission of 10 tons of CO2, the equivalent to planting 454 trees.

Indirect:

Cost reduction for the social solidarity institutions: decentralized electric energy production, near the consumption location, reduces the distribution costs making the option for renewable energy more cost-competitive than resorting to the national grid. This reduction on electricity costs will allow the institution to invest the savings in improving its social care services. Also, the decreased dependence on the national grid makes the company less vulnerable to price fluctuations.

Promoter website

https://plenoenergia.com/pt/pt

Team
‍

[{"id":91,"promoter_id":201,"name":"Eurico Sobral","description":"Founder and CEO of PlenoEnergia for Europe, Africa and Latin America. Eurico has vast experience in commercial strategy. Graduated in electronics and telecommunications from Escola Profissional do Arsenal do Alfeite","link":"https://www.linkedin.com/in/eurico-sobral-435b20154/","role":"CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/998/640dff998a141987340198.jpg","avatar_id":86001},{"id":92,"promoter_id":201,"name":"Rodolfo Vacas","description":"After a sports career and a background in Management Informatics, Rodolfo has been part of the team for two years.","link":"https://www.linkedin.com/in/rodolfo-vacas-8573331b8/","role":"Business Manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/8cb/640dff8cbf4b1379438755.jpg","avatar_id":86000},{"id":93,"promoter_id":201,"name":"André Leite Velho","description":"With a degree in Renewable Energy Engineering and several years of experience in the area, he is the technical manager responsible for managing solar energy projects.","link":"https://www.linkedin.com/company/plenoenergia/","role":"Project manager","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/7f9/640dff7f9f1a2095268537.jpg","avatar_id":85999},{"id":106,"promoter_id":201,"name":"Tiago Machado","description":"Tiago Machado is a Marketing administrator.","link":"https://www.linkedin.com/in/tiago-machado-aa45454/","role":"Marketing Administrator","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/64e/640dff64ed3c6481376035.jpg","avatar_id":85998},{"id":107,"promoter_id":201,"name":"Carlos Almeida","description":"With a career in management, Carlos is now a shareholder and director of the company.","link":"https://www.linkedin.com/in/carlos-almeida-43181816/ -","role":"Shareholder and director","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/640/dff/4dd/640dff4ddb664286507731.jpg","avatar_id":85997}]

Business Model
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