Solar Solcor

Solar energy for self-consumption.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

Term

120

months

Risk level

C+

What will you be financing?

This campaign aims to finance a photovoltaic self-consumption system for the company Lareiras Sousa.

The installation and operation of the solar panels will be carried out by the campaign promoter: Solcor Portugal, specialised in the development of solar installations.

Established in 2006, Lareiras Sousa is an industrial company specializing in marble and stone products. They offer a diverse range of items including barbecues, fireplaces, kitchen countertops, and bathroom countertops, all custom-made to exact specifications. Their materials of choice include granite, limestone, and stones available in various colors.

Recently, Lareiras Sousa decided to integrate a 68.425 kWp photovoltaic installation. This initiative is a significant change for the company, demonstrating its commitment to sustainability and energy efficiency. Initial projections suggest that the installation is expected to generate approximately 99,187 kWh, achieving 43% self-sufficiency and a 56% reduction in costs during its first year of operation.

What is the impact?

Direct

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 101 MWh per year, the solar plant will avoid the emission of about 8.7 tonnes of CO2 per year. This is equivalent to the CO2 absorption of almost 400 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. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect

Promoting sustainable business: the project developed for Lareiras Sousa is an example of the applicability of solar power for any business, and in this case serves as a benchmark to similar industries, an important step towards sustainability for businesses in Portugal.

Impact indicators
‍

8746

CO2 avoided per year

101700

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
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About the Promoter

About

SOLCORELIOS II, UNIPESSOAL LDA

Direct

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 101 MWh per year, the solar plant will avoid the emission of about 8.7 tonnes of CO2 per year. This is equivalent to the CO2 absorption of almost 400 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. In addition, the company's lower dependence on the national grid makes it less vulnerable to price fluctuations and tax charges.

Indirect

Promoting sustainable business: the project developed for Lareiras Sousa is an example of the applicability of solar power for any business, and in this case serves as a benchmark to similar industries, an important step towards sustainability for businesses in Portugal.

Promoter website

http://www.solcor.pt

Team
‍

[{"id":71,"promoter_id":280,"name":"Steven V Cauwenberge","description":"Founder of the Solcor Group, currently serving as Chief Executive Officer of the Solcor Group. Master’s degree in Business Engineering – Finance from KU Leuven. Master’s degree in Civil Engineering. Postgraduate studies in Investment Analysis at the London School of Economics.","link":"https://www.linkedin.com/in/steven-van-cauwenberge-93582395/","role":"Chief Executive Officer of the group","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/753/63bdb575312fc954774465.jpg","avatar_id":76177},{"id":72,"promoter_id":280,"name":"Vincent Vangeel","description":"Master’s degree in Business Engineering – Supply Chain from KU Leuven. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/vincent-vangeel/overlay/photo/","role":"Co-founder and CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db5/bfd/63bdb5bfdd386221369571.jpg","avatar_id":76179},{"id":73,"promoter_id":280,"name":"Tommaso Mura","description":"Graduated in Energy Engineering from the Polytechnic University of Turin. \r\nMaster’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.","link":"https://www.linkedin.com/in/tommaso-mura-a7ab65165/?originalSubdomain=pt","role":"Co-founder and COO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/63b/db6/08b/63bdb608ba7c3254533171.jpg","avatar_id":76180}]

Business Model
‍

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