Solar Monte dos Patos

Self-consumption solar energy plant for an olive plantation.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

4.35

Term

months

Risk level

C+

What will you be financing?

This campaign aims to finance a photovoltaic plant for self-consumption at Sociedade Agrícola Monte dos Patos, Lda (Agricultural company Montes dos Patos).

The campaign aims to finance:

a photovoltaic plant with 37kWp of installed power, producing about 58 MWh of clean energy annually.
the replacement of two analogue irrigation control panels with new panels with a 40KW frequency variator each, which reduces the energy consumed in irrigation by 25%.

The energy produced by the plant will be mostly used to power the irrigation system of the olive grove,

This type of solar project can improve agricultural activity in less developed rural regions and potentially improve structures and modernize agriculture while also helping to decarbonise the Portuguese agricultural sector.

The construction of the solar plant and installation of the panels will be carried out by LuzVerde, a Portuguese company with over ten years of experience in providing energy services. Luz Verde is also the installer of seven other projects funded through Goparity: Intermarché Solar I and II, Solar Paintings, Solar Car Wash, Solarize Cuba, Solar footwear factory, Solar Consultants, Solar Olives and Solar Olives watering.

What is the impact?

Direct impact

Contribution to the decarbonisation of the economy, avoiding CO2 emissions: With a total production of clean energy of over 58 MWh per year, the solar plant will avoid emissions of about 8 tons of CO2 per year. This is equivalent to the CO2 absorption of 363 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. For this client, it will reduce more than 40% of the energy cost. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect impact

Support to the integrated production mode: the olive grove at Monte dos Patos applies the integrated production mode aiming at the regulation of the ecosystem, the well-being of the animals, and the preservation of natural resources through natural regulation mechanisms replacing environmentally harmful production factors.

Impact indicators
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7981

CO2 avoided per year

58257

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

Sociedade Agricola Monte dos Patos Lda

Direct impact

Contribution to the decarbonisation of the economy, avoiding CO2 emissions: With a total production of clean energy of over 58 MWh per year, the solar plant will avoid emissions of about 8 tons of CO2 per year. This is equivalent to the CO2 absorption of 363 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. For this client, it will reduce more than 40% of the energy cost. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect impact

Support to the integrated production mode: the olive grove at Monte dos Patos applies the integrated production mode aiming at the regulation of the ecosystem, the well-being of the animals, and the preservation of natural resources through natural regulation mechanisms replacing environmentally harmful production factors.

Promoter website

Business Model
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