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Solar footwear factory II
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Solar footwear factory II

Solar energy plant for self-consumption at a footwear factory.
Investment overview
Impact category
sustainable_energy
Investment type
loan
Yearly interest
5
%
Term
72
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.
A
D
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Description
Impact
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Promoter

What will you be financing?

The aim of this campaign is to finance a photovoltaic powerplant for self-consumption to be installed at ENShoes’ factory. EN Shoes is a Portuguese footwear manufacturer, mainly producing sports and classical footwear for both men and women. The plant will be fitted with 330 photovoltaic solar panels, with 95.70kWp of total installed power.

The construction of the solar plant and installation of the panels will be carried out by LuzVerde, a Portuguese company with over ten years of experience in providing energy services. Luz Verde is also the project promoter of five other projects funded (Intermarché Solar I and II, Solar Paintings, Solar Car Wash, and Solarize Cuba).

What is the impact?

Direct:

  • Cost reduction for the final client: 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 company on the national grid, makes it less vulnerable to price fluctuations and fiscal charges.
  • Aim of developing a more sustainable production: ENShoes uses techniques that minimize the use of raw materials; produce the shoe soles with reused and recycled materials; and, through a third party, ensure that production residues are correctly recycled. With the savings arising from the photovoltaic plant, the company aims to increase sustainability throughout the production chain.

Indirect:

  • Contributing to the decarbonization of the economy, helping to avoid the emission of CO2: with an estimated clean energy production of 175MWh, the solar plant will help prevent the emission of 36 tons of CO2 per year, the equivalent to planting 1,615 trees.

In addition to this, at the end of each project, the promoter carries out one of the initiatives mentioned below, in line with its corporate social and environmental responsibility and the client’s desire:

  • 5€ donation to a non-profit social institution based in the client’s area and of their choice, for each installed kW;
  • Planting of trees with a 2cm caliber, for each kW installed, and in a location chosen by the client.
  • Implementation of a solar photovoltaic plant with a nominal power of 1% of that of the plant installed in the project, at an entity, institution, or association based in the same area as the project’s.

Impact indicators

11730
CO2 avoided per year
87543
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct:

  • Cost reduction for the final client: 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 company on the national grid, makes it less vulnerable to price fluctuations and fiscal charges.
  • Aim of developing a more sustainable production: ENShoes uses techniques that minimize the use of raw materials; produce the shoe soles with reused and recycled materials; and, through a third party, ensure that production residues are correctly recycled. With the savings arising from the photovoltaic plant, the company aims to increase sustainability throughout the production chain.

Indirect:

  • Contributing to the decarbonization of the economy, helping to avoid the emission of CO2: with an estimated clean energy production of 175MWh, the solar plant will help prevent the emission of 36 tons of CO2 per year, the equivalent to planting 1,615 trees.

In addition to this, at the end of each project, the promoter carries out one of the initiatives mentioned below, in line with its corporate social and environmental responsibility and the client’s desire:

  • 5€ donation to a non-profit social institution based in the client’s area and of their choice, for each installed kW;
  • Planting of trees with a 2cm caliber, for each kW installed, and in a location chosen by the client.
  • Implementation of a solar photovoltaic plant with a nominal power of 1% of that of the plant installed in the project, at an entity, institution, or association based in the same area as the project’s.

Promoter website

http://enshoes.pt/

Business Model

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