Solar Paintings

Solar energy for self consumption in a paints and varnishes factory.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

4.7

Term

months

Risk level

B-

What will you be financing?

Tintas Lacca, SA is a company based in Northern Portugal, dedicated to the production of paints and varnishes for the furniture, construction, and metalworking industries.

The company’s environmental policy is focused on reducing the emission of volatile organic compounds, which are released during the paint’s application and drying processes. In order to increase ita sustainability and self-sufficiency, the company will install a solar photovoltaic plant for self-consumption with a total power of 50,0 kWp in its facilities. The plant will generate 91,7 MWh of energy per year. The panels will be installed by Luz Verde (an energy services provider).

During the first 5 years, the power plant will be rented to Tintas Lacca, a period after which it will be acquired by the latter. The solar power plant will allow for significant energy savings in comparison with the 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 24,6 tons of CO2 a year: with an estimated production of 91,7 MWh, the photovoltaic system will avoid the emission of 24,6 tons of CO2, the equivalent to planting 1.118 trees.
Cost-reduction for the end-client: this decentralized electric energy production, located near the consumption site, reduces the distribution costs, making the renewable energy option more attractive and cost-competitive than the national grid. In addition to this, the lower dependence on the national grid reduces the company’s exposure to price fluctuations.

Moreover, for each developed project, the promoter will run one of the two following initiatives, in line with 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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18600

CO2 avoided per year

91500

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 24,6 tons of CO2 a year: with an estimated production of 91,7 MWh, the photovoltaic system will avoid the emission of 24,6 tons of CO2, the equivalent to planting 1.118 trees.
Cost-reduction for the end-client: this decentralized electric energy production, located near the consumption site, reduces the distribution costs, making the renewable energy option more attractive and cost-competitive than the national grid. In addition to this, the lower dependence on the national grid reduces the company’s exposure to price fluctuations.

Moreover, for each developed project, the promoter will run one of the two following initiatives, in line with 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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