Solar Solidarity

Solar energy for self-consumption at Cooperative Cercimarco.

Investment overview

Impact category

Sustainable energy

Investment type

Loan

Yearly interest

Term

months

Risk level

C+

What will you be financing?

Thia campaign's goal is to finance a photovoltaic plant for self-consumption at the cooperative CERCIMARCO.

The installation and operation of the solar panels will be done by Solgas, an energy services company (ESE) that is also the project promoter and will be the owner of the panels.

CERCIMARCO is an IPSS (cooperative of social solidarity) and is on a mission to develop responses adjusted to the needs of people with disabilities or with socio-professional integration issues. The cooperative promotes quality of life, social integration, and autonomy for vulnerable individuals, in partnership with the local community in order to make it a progressively more inclusive and integrative community.

The project included the installation of photovoltaic panels with a total power of 26.68 kWp.

What is the impact?

Direct

Contributing to the decarbonization of the economy, helping to avoid the emission of CO2: with an estimated clean energy production of over 38 MWh, the solar plant will help avoid the emission of 5.20 tonnes of CO2 per year, equivalent to planting 236 trees.
Cost reduction for social solidarity cooperative: the decentralized energy production through renewable sources, close to the consumption site, helps to avoid distribution costs, making this a more competitive option than reverting to the national grid. Furthermore, the decreased dependency of the association on the national grid, makes it less vulnerable to price fluctuations and fiscal charges.

Indirect

Further investment in support services for adults and children with disabilities: the reduction in electricity costs will allow the cooperative to invest the savings in its care services.

Impact indicators
‍

5198

CO2 avoided per year

38794

clean energy

created by our projects

of sustainable

impacted

Contribution to the Sustainable Development Goals
‍

About the Promoter

About

JOSÉ F.P. RIBEIRO, COMÉRCIO E DISTRIBUIÇÃO DE GÁS LIMITADA

Direct

Contributing to the decarbonization of the economy, helping to avoid the emission of CO2: with an estimated clean energy production of over 38 MWh, the solar plant will help avoid the emission of 5.20 tonnes of CO2 per year, equivalent to planting 236 trees.
Cost reduction for social solidarity cooperative: the decentralized energy production through renewable sources, close to the consumption site, helps to avoid distribution costs, making this a more competitive option than reverting to the national grid. Furthermore, the decreased dependency of the association on the national grid, makes it less vulnerable to price fluctuations and fiscal charges.

Indirect

Further investment in support services for adults and children with disabilities: the reduction in electricity costs will allow the cooperative to invest the savings in its care services.

Promoter website

https://solgas.pt/contactos/

Business Model
‍

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