Social Solar Solcor VI

This campaign aims to finance a photovoltaic plant for self-consumption at the elderly home Casa da Divina Providência e de Maria Auxiliadora.

The installation and operation of the solar panels will be installed and operated by the campaign promotor: Solcor Portugal, a company specializing in the development and operation of solar photovoltaic installations. 

Located in Moura, Beja, Portugal, the Casa da Divina Providência e de Maria Auxiliadora is a nursing home that aims to offer a welcoming environment and quality care for its 45 beneficiaries. With a dedicated and caring team, the institution offers activities and services for the well-being and health of the elderly.

The institution has invested in installing solar panels in its structure to improve its services. The project has a power of 50.6 kWp, which will enable a 49% cost reduction and self-sufficiency of 41%.

This initiative benefits the institution and its beneficiaries since it allows a more conscious and sustainable use of energy resources and reduces dependence on non-renewable energy sources. Casa da Divina Providência e de Maria Auxiliadora is an institution concerned with its people and the planet.

This campaign offers a longer-than-average loan term for Goparity standards. This means you will receive your capital back and gain interest over a more extended period of time. The rental agreement associated with the self-consumption photovoltaic installation foresees a low monthly payment by the beneficiary, who enjoys savings without initial financial investment to purchase the solar panels. Therefore, since the supply company’s payback period is longer, the payment plan is also extended (8-15 years). In this project, the beneficiary is a social solidarity private institution, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the social institution to maintain its focus on the community. Payments will be guaranteed in part by Solcor, a financially solid enterprise, and by the beneficiary. The savings generated by the solar plant for the beneficiary can be invested in social impact projects, where they make a difference. A solar panel can be used for about 30 years, making it a safe, profitable investment with relevant environmental impact. Impact investing in this type of project is a commitment to cleaner, safer, decentralized, and democratic energy systems.