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Solar Solcor II
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Solar Solcor II

Solar energy for self-consumption.
Investment overview
Impact category
sustainable_energy
Investment type
loan
Yearly interest
6
%
Term
120
months
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https://goparity.com/projects/solar-solcor-ii-468

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Promoter

What will you be financing?

This campaign aims to finance a photovoltaic self-consumption system for the company Alvarsol, Sociedade de Lavandarias do Algarve, Lda.


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

Founded in 1983, Alvarsol, Sociedade de Lavandarias do Algarve, Lda., is a company that offers textile care for hotels and restaurants. Their services include industrial laundry, the sale of industrial chemicals, new and used machines, and specialized technical services. Alvarsol uses chemical procedures without alkalinity or chlorine, the company maintains high quality and hygiene standards through investments in technology and training.

Social responsibility is one of the pillars of the company, which supports charities and maintains partnerships with cultural associations. They also offer professional training programs, collaborating with the school Escola EB Dr. António de Sousa Agostinho to train future professionals.

Alvarsol is now expanding its commitment to sustainability by replacing its roof and installing a 110 kWh solar plant. This installation will produce approximately 154 MWh annually, providing 24% self-sufficiency and reducing costs by 25%.

This is Solcor's eighteenth campaign. In 13 out of the 17 previous campaigns, the financing objective was solar energy for social organizations (IPSS): Solcor Solar Social, Solcor Solar Social II, Solcor Solar Social III, Solcor Solar Social IV,  Solcor Solar Social V, Solcor Solar Social VI. Casarão Solar, Solcor Solar Social VII, Solcor Solar Social VIII, Solcor Solar Social IX, Solcor Solar Social X, Solcor Solar Social XI, Solcor Solar Social XII, Neutripuro Solar, and Solcor Social XIII.

What is the impact?

Direct  

  • Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of 154 MWh per year, the solar plant will avoid the emission of about 13 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 602 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 Alvarsol a 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
‍

13244
CO2 avoided per year
154000
clean energy
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals
‍

About the Promoter

About Adega Cooperativa Cantanhede

Direct  

  • Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of 154 MWh per year, the solar plant will avoid the emission of about 13 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 602 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 Alvarsol a 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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Rua Marquês de Fronteira 8

4º Esq

1070-289 Lisboa

Portugal

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GOPARITY (www.goparity.com) is a platform of crowdfunding by loans (crowdlending) managed and owned by Power Parity, SA, a public limited company, with number 514373822, and registered office at Rua Filipe Folque, 2, 1st floor, 1050-110 Lisbon (Portugal), licensed by the regulatory and supervisory body CMVM (Portuguese Securities Market Commission), under Regulation (EU) 2020/1503 (European Crowdfunding Regulation).
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