Solcor Solar VIII
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Solcor Solar VIII

Solar energy for self-consumption for a fruit producer
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
6
%
Term
78
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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D
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Description
Impact
Financial viability
Promoter

What will you be financing?

This campaign aims to finance a photovoltaic self-consumption system for the company Licofrutos Unipessoal Lda.

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

Licofrutos is a company founded in 2009 and based in the Oeste region of Portugal. It is dedicated to the production and marketing of fruit products, with a strong focus on Rocha pear cultivation, and it also produces Ginja (a traditional Portuguese sour‑cherry liqueur).

The funds raised through this campaign are intended to finance the installation of a 72 kWp solar photovoltaic system for self-consumption, composed of 160 panels, two inverters, and a support structure. This project will enable approximately 105.2 MWh of clean energy production annually and 30% energy self-sufficiency. This guarantees a reduction of 40% in electricity costs. 

This is Solcor's twenty-seventh campaign. 17 of the 26 previous campaigns financed solar energy for social organizations: Social Solar Solcor, Social Solar Solcor II, Social Solar Solcor III, Social Solar Solcor IV, Social Solar Solcor V, Social Solar Solcor VI, Social Solar Solcor VII, Social Solar Solcor VIII, Social Solar Solcor IX, Social Solar Solcor X, Social Solar Solcor XI, Social Solar Solcor XII, Social Solar Solcor XIII, Social Solar Solcor XIV, Social Solar Solcor XV, Social Solar Solcor XVI, and Social Solar Solcor XVII.

What is the impact?

Direct

Contribution to the decarbonisation of Portugal avoiding CO2 emissions: With a total production of clean energy of over 105.2 MWh per year, the solar plant will avoid the emission of about 4.63 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 210 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 Licofrutos 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

4629
CO2 avoided per year
105200
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

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 105.2 MWh per year, the solar plant will avoid the emission of about 4.63 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 210 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 Licofrutos 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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Minimum

4380000

Target

4380000

Maximum

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