Social Solar Solcor VII

This campaign aims to finance a photovoltaic plant for self-consumption at a school called Escola Básica Integrada da Boa Água.

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 Quinta do Conde, Sesimbra, the Escola Básica Integrada da Boa Água is an educational institution that plays a fundamental role in community life. As the headquarters of the Public School Grouping of Boa Água (AEBA), the school values student's socioeconomic and cultural diversity. In addition to the regular subjects, the school offers a wide range of complementary activities, such as the Student Assembly, School Sports, the Boa Água Handball Club, and the Eco-Schools Project, among others. All of this is part of an inclusive curriculum that seeks to prepare students for the challenges of the contemporary world. 

In a continuous search for sustainability and environmental awareness, EBI Boa Água is about to take an important step with the installation of solar panels. With a capacity of 51.7 kWP, solar energy production is estimated to reach 72,280 MWh in the first year. The initiative will allow the school to achieve energy self-sufficiency of 42% and significantly reduce electricity costs (by 56%).

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 Public School, and the supplying company is Solcor. Additionally, Solcor ensures the solar plant's operation throughout this period, allowing the school to maintain its focus on the students. 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 education related 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.