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Merengue Solar Minifarm
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Merengue Solar Minifarm

Empowering communities with solar energy.
Investment overview
Impact category
sustainable_energy
Investment type
loan
Yearly interest
9
%
Term
120
months
Risk level
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https://goparity.com/projects/merengue-solar-minifarm-451

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Promoter

What will you be financing?

Solenium, is a Colombian company dedicated to advancing global sustainability through the development of new energy technologies. Over the past year and a half, Solenium has shifted its focus to distributed generation projects and aims to lead this market in Colombia. 

Having already developed over 21.8 MWp, Solenium is ready to take the next step and expand its purpose. The purpose of this funding campaign is to finance the engineering, permits, and initial civil works for Solenium's first-owned solar Minifarm. This initiative will enable the promoter to expand its portfolio and increase its positive impact on the communities it serves.

The Minifarm is located in Valledupar in Colombia and will have an annual generation of over 2,390 MWh of clean energy, which is equivalent to powering more than 1,250 homes across 2 communities. The projects developed by Solenuim incorporate initiatives focusing on several dimensions such as:

  • Women's Inclusion - promoting gender diversity by providing equal opportunities for women in the workforce.
  • Educational Coworking - hosting educational spaces for children and youth from neighboring communities at the Minifarms.
  • Agrovoltaic Projects - integrating solar energy with agriculture, benefiting local farmers.
  • Local Labor Empowerment - providing training and employment opportunities locally to contribute to community development.

This current campaign will finance the phase 1 of the minifarm as part of a 3-phase plan divided into a 3 campaign funding plan worth 840.000€. The remaining amount will be funded in two future campaings with the Goparity comunity worth 252.000€, each.

What is the impact?

Direct 

  • Contribution to the decarbonisation of Colombia, avoiding CO2 emissions: With a total production of clean energy of over 2408 MWh per year, the solar plant will avoid the emission of about 371 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 16.868 trees.

This campaign will fund one third of the total installation, therefore it will contribute to the generation of over 803 MWh of clean energy per year, avoiding the emission of 123,7 tonnes of CO2 yearly. This is the equivalent to the CO2 absorption of 5.622 trees.

  • Sustainable and resilient food production systems: Solenium implements an agrivoltaics solution – in which the photovoltaic panels coexist with agricultural activity in the same land. The promoter partners with a productive actor – either a production or farmers’ association or an independent smallholder farmer – who will manage and work the land and receive the total income from its harvests. Through an agreement of land use conditions, Solenium grants the partner free access to the land and technical knowledge assistance for all steps of the production, from planning to harvesting crops and for sales’ channels and strategies of the products. This ensures the implementation of clean and efficient food production systems and the knowledge transfer to the local communities. 

At the Merengue installation, the productive partner is planning the cultivation of Baby Watermelons in two hectares of land, in a team of around seven people.

  • Jobs creation: for the installation of the Minifarms around 15 temporary and local jobs are created, and around 20% of those work contracts are renovated for other minifarms installations planned in the same region. 

Indirect

  • Promoting sustainable business: the project developed for Solenium is an example of the applicability of solar power integrated with agricultural solutions and inserted within a community’s needs, an important step towards sustainability for businesses in Colombia. Furthermore, Solenium is a certified BCorp in Colombia, which means they reach a set of standards in its practices towards customers, employees, governance and environment.
  • Community engagement and local development: This funding positively affects two communities in Colombia – the rural areas of the cities of La Paz and Valledupar. Solenium builds educational centres to provide training to schools, companies, and the general population. These centres are spaces inside the Minifarms containing computers and learning and experimental materials for the community’s children and youth to learn about technology, solar energy and beyond.

Impact indicators

123702
CO2 avoided per year
803259
clean energy
5
created by our projects
1
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct 

  • Contribution to the decarbonisation of Colombia, avoiding CO2 emissions: With a total production of clean energy of over 2408 MWh per year, the solar plant will avoid the emission of about 371 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 16.868 trees.

This campaign will fund one third of the total installation, therefore it will contribute to the generation of over 803 MWh of clean energy per year, avoiding the emission of 123,7 tonnes of CO2 yearly. This is the equivalent to the CO2 absorption of 5.622 trees.

  • Sustainable and resilient food production systems: Solenium implements an agrivoltaics solution – in which the photovoltaic panels coexist with agricultural activity in the same land. The promoter partners with a productive actor – either a production or farmers’ association or an independent smallholder farmer – who will manage and work the land and receive the total income from its harvests. Through an agreement of land use conditions, Solenium grants the partner free access to the land and technical knowledge assistance for all steps of the production, from planning to harvesting crops and for sales’ channels and strategies of the products. This ensures the implementation of clean and efficient food production systems and the knowledge transfer to the local communities. 

At the Merengue installation, the productive partner is planning the cultivation of Baby Watermelons in two hectares of land, in a team of around seven people.

  • Jobs creation: for the installation of the Minifarms around 15 temporary and local jobs are created, and around 20% of those work contracts are renovated for other minifarms installations planned in the same region. 

Indirect

  • Promoting sustainable business: the project developed for Solenium is an example of the applicability of solar power integrated with agricultural solutions and inserted within a community’s needs, an important step towards sustainability for businesses in Colombia. Furthermore, Solenium is a certified BCorp in Colombia, which means they reach a set of standards in its practices towards customers, employees, governance and environment.
  • Community engagement and local development: This funding positively affects two communities in Colombia – the rural areas of the cities of La Paz and Valledupar. Solenium builds educational centres to provide training to schools, companies, and the general population. These centres are spaces inside the Minifarms containing computers and learning and experimental materials for the community’s children and youth to learn about technology, solar energy and beyond.

Promoter website

https://solenium.co/

Team

[{"id":210,"promoter_id":326,"name":"Jose Giraldo","description":"Expert in solar tracking systems, Jose is a Mechanical Engineer who holds a Master's in Engineering and a Master's in Structural Mechanics. He has more than 9 years of experience in engineering projects and team leadership.","link":"https://www.linkedin.com/in/jose-daniel-giraldo-arias/","role":"CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/663/8da/844/6638da8444d3d066177220.png","avatar_id":140920},{"id":211,"promoter_id":326,"name":"Paola Santiago","description":"Expert in new business development, finance, and culture. She is an administrative engineer with over 8 years of experience leading innovation projects, M&A processes, and as an entrepreneur.","link":"https://www.linkedin.com/in/jaibetpaola/","role":"CFO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/663/8da/fce/6638dafced8d6895522129.jpg","avatar_id":140921},{"id":212,"promoter_id":326,"name":"Eduardo Ospina","description":"Current CEO of Unergy (A spinoff of Solenium). Co-founder and strategy, technology, and vision leader at Solenium. Expert in renewable energy and development of new technologies for the sector.","link":"https://www.linkedin.com/in/eduardo-ospina/","role":"CEO & Co-Founder","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/663/8dc/356/6638dc356e23f384681364.jpg","avatar_id":140926},{"id":213,"promoter_id":326,"name":"Nicolás Villegas","description":"Currently the CTO at Unergy, (a branch of Solenium). He's also a co-founder at Solenium, leading in strategy and tech. Nicolás is known for his expertise in renewable energy and developing new tech for the field.","link":"https://www.linkedin.com/in/nicolas-villegas/","role":"Co-Founder & CTO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/663/8db/d93/6638dbd93745c557801075.jpg","avatar_id":140924}]

Business Model

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