Solar social institutions

Solar energy for self-consumption in social institutions.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

6.1

Term

months

Risk level

What will you be financing?

OutConsulting aims to raise 78.000€ to finance the installation of two photovoltaic plants for self-consumption in two social institutions belonging to Santa Casa da Misericórdia de Serpa, a city in the interior of Portugal.

The power plants will both have 50kW and the following characteristics:

Lar de São Francisco (elderly home): annual production of 78,4MWh, 95% for self-consumption, covering around 27% of the entity's energy consumption needs. The remaining production (4MWh) will be sold to the grid.
Integrated Continued Care Unit (UCCI) Guadalupe (long-term care unit for the elderly): annual production of 69,8MWh, 91% for self-consumption, covering around 28% of its energy requirements. The remaining production (6MWh) will be sold to the grid.

The Lar de São Francisco is home to more than 100 users aged over 65 whose housing, economic, health and caregivers' abilities do not allow them to remain at home. This social response makes it possible to provide a range of services that satisfy the needs of the users in terms of lodging, food, clothes treatment, daily hygiene and image care, medication administration, medical assistance and nursing care, socio-cultural and sports animation, physiotherapy, among others.

The UCCI Guadalupe integrates a rehabilitation unit and a long-term unit. In the space, there is a day centre and a clinic for treatment and speciality consultations.

What is the impact?

Contribution to the decarbonisation of the economy, avoiding the emission of CO2: with an estimated clean energy production of 148,2MWh per year (78,4MWh/year + 69,8MWh/year), the solar power plants will avoid the emission of 24,2 tonnes of CO2 per year, the equivalent to planting 1.100 trees. This implies a reduction on consumption from the grid of around 30%.
Cost reduction for the end customer: the decentralised production of electricity using renewables, close to the place of consumption, makes it possible to avoid distribution costs, making this option more competitive than the energy supplied by the network. In addition, reducing the company's dependence on the grid makes it less vulnerable to price fluctuations and tax charges.

Impact indicators
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24200

CO2 avoided per year

148200

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

VORTEXPRECISION, LDA.

Contribution to the decarbonisation of the economy, avoiding the emission of CO2: with an estimated clean energy production of 148,2MWh per year (78,4MWh/year + 69,8MWh/year), the solar power plants will avoid the emission of 24,2 tonnes of CO2 per year, the equivalent to planting 1.100 trees. This implies a reduction on consumption from the grid of around 30%.
Cost reduction for the end customer: the decentralised production of electricity using renewables, close to the place of consumption, makes it possible to avoid distribution costs, making this option more competitive than the energy supplied by the network. In addition, reducing the company's dependence on the grid makes it less vulnerable to price fluctuations and tax charges.

Promoter website

https://www.outconsulting.pt/

Business Model
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