Solcor Solar XX
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Solcor Solar XX

Solar installation expansion for an automotive parts company
Investment overview
Impact category
Sustainable energy
Investment type
Loan
Yearly interest
6.1
%
Term
120
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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https://goparity.com/projects/solcor-solar-xx-631

Description
Impact
Financial viability
Promoter

What will you be financing?

This campaign aims to finance the expansion of a photovoltaic self-consumption system for the company Jetesetecar - Equipamentos Auto Lda.

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

Jetesetecar, founded in 1994, is a company in the automotive aftermarket sector. It has evolved from commercial activity into the assembly and metalworking sectors, strengthening its competitiveness and international presence. It maintains a strategic partnership with Fabrilcar, a leading name in thermoplastic components. Today, it develops its own-brand products and exclusive brands, supported by cutting‑edge technology.

The initial solar installation - an 89.1 kWp system with 198 panels and two inverters - was successfully installed and was financed by Goparity investors through the Solcor Solar VII campaign. The funds raised through this campaign will finance the addition of 110 solar panels of 590W each, two inverters and a support structure, bringing the total installed capacity to 153,45 kWp.

The expansion will increase the company's energy self-sufficiency from 28% to 36% and enable the production of over 80 MWh of clean energy, reinforcing Jetesetecar's commitment to decarbonisation and reducing its dependence on the national electricity grid.

This is Solcor's twenty-nineth campaign. 18 of the 28 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, Social Solar Solcor XVII, and Social Solar Solcor XVIII.

What is the impact?

Direct 

Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 80.91 MWh per year, the solar plant will avoid the emission of about 8.86 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 403 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 by Solcorelios 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

8858
CO2 avoided per year
80910
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 80.91 MWh per year, the solar plant will avoid the emission of about 8.86 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 403 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 by Solcorelios 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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