Solar Solcor II

Solar energy for self-consumption.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

6.2

Term

120

months

Risk level

C+

What will you be financing?

This campaign aims to finance a photovoltaic self-consumption system for the company Alvarsol, Sociedade de Lavandarias do Algarve, Lda.

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

Founded in 1983, Alvarsol, Sociedade de Lavandarias do Algarve, Lda., is a company that offers textile care for hotels and restaurants. Their services include industrial laundry, the sale of industrial chemicals, new and used machines, and specialized technical services. Alvarsol uses chemical procedures without alkalinity or chlorine, the company maintains high quality and hygiene standards through investments in technology and training.

Social responsibility is one of the pillars of the company, which supports charities and maintains partnerships with cultural associations. They also offer professional training programs, collaborating with the school Escola EB Dr. António de Sousa Agostinho to train future professionals.

Alvarsol is now expanding its commitment to sustainability by replacing its roof and installing a 110 kWh solar plant. This installation will produce approximately 154 MWh annually, providing 24% self-sufficiency and reducing costs by 25%.

What is the impact?

Direct

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of 154 MWh per year, the solar plant will avoid the emission of about 13 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 602 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 Alvarsol a 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
‍

13244

CO2 avoided per year

154000

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 154 MWh per year, the solar plant will avoid the emission of about 13 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 602 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 Alvarsol a 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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