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Confirmed Amount = 39.668,46 €
Reserved Amount = 10.020 €

49.688,46 €

92% Funded
53.800 €

39 days left to close

Social Solar Solcor XVI

Location Pin Svg
Arruda dos Vinhos, PT

instalment

biannual

term

10 years

yearly interest

5.35%

risk rating

B

Solar energy for self-consumption for firefighters headquarters

Description

This campaign aims to finance a photovoltaic plant for the Humanitarian Association of Firefighters of Arruda dos Vinhos, a nonprofit fire and emergency services organization with more than 136 years of service to the community.

Founded in 1889, the Humanitarian Association of Firefighters of Arruda dos Vinhos has played an essential role in protecting and supporting the community. For over a century, it has distinguished itself through its emergency response capabilities, effective resource management, and the dedication of its volunteers and professionals. Recognised as a leading entity in local and regional civil protection, it combines experience, proximity, and commitment to public service.

The contract signed between Solcor Portugal and the association includes the installation of a 29,43 kWp solar photovoltaic system for self-consumption, composed of 54 panels (545W each), one inverter (30 kW), and a support structure. It will enable the production of over 44 MWh of clean energy per year. The contract also includes the replacement of an asbestos roof for a sandwich roof panel.

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

The Impact

Direct 

  • Contribution to the decarbonisation of Portugal, avoiding CO2 emissions: With a total production of clean energy of over 44 MWh per year, the solar plant will avoid the emission of about 2 tonnes of CO2 per year. This is equivalent to the CO2 absorption of 88 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.
  • Improving the health and well-being of staff: The removal of an asbestos roof (asbestos cement cover) at the Association has direct health benefits for all who attend it. The use of asbestos in buildings has been banned in the European Union since 2005 and its presence has been associated with cases of cancer and other lung diseases, due to the inhalation of its fibers. The removal of asbestos in buildings (roofs, fire doors, pipes, and cisterns) must be performed by technicians and specialized companies so that safety is guaranteed.
  • Modernization of buildings making them more sustainable: The asbestos roof will be replaced by a sandwich panel which is more efficient at maintaining a constant temperature all throughout the year.

Indirect

  • Improvement of the organization's core services: The cost reduction in electricity expenses enables the association to improve their services for the community.

Impact Indicators

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1.95 T

CO2 avoided per year

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44.4 Mwh

clean energy

Sustainable Development Goals

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Financial viability

The project will lead to a significant reduction in Humanitarian Association of Firefighters of Arruda dos Vinhos’s energy costs. It is hoped that the revenue generated by the contract signed between the promoter and the association will fully support the repayment of the funding from Goparity's investors.

This project has a minimum target of 50.000,00€.

As stated in Part B of the KIIS document (Key Investment Information Sheet), the minimum targeted loan amount is 50.000,00€, this means the funding campaign can close with any amount between 50.000,00€ and 53.800,00€ on the end date.

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Download the Financial Statements for the promoter here

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter SOLCORELIOS II, UNIPESSOAL LDA by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:

  • 1st degree pledge of credit rights by SOLCORELIOS II, UNIPESSOAL LDA (‘Seller’) of amounts receivable under a service contract with its client Associação Humanitária Bombeiros Voluntários de Arruda dos Vinhos (‘Client’) with the following NIF 501137092. The contract was signed on 15/07/2022 and will run for 180 months. 
  • 1st degree commercial pledge, under Portuguese law, provided by SOLCORELIOS II, UNIPESSOAL LDA of movable assets that are already installed, totalling an LTV (Loan To Value) of over 100%, namely: photovoltaic plant with a power of 29,43 kWp consisting of 54 solar panels (brand Risen, model RSM144-9-575BNDG, capacity 545W), 1 Huawei SUN2000-30KTL inverter, 1 support structure (Energy Systems Coplanar), 1 monitoring equipment with Huawei Smartdongle internet connectivity, and AC and DC equipment and accessories that were supplied by the company SOLCORACTION, LDA with the following tax identification number 515346306.

The Promoter

About SOLCORELIOS II, UNIPESSOAL LDA

SOLCORACTION LDA, also known as Solcor Portugal, is part of the Solcor Group — a company with Belgian roots, founded in 2014 and active in Portugal, Chile, and Colombia. The group focuses on commercial solar installations and project financing, with over 650 completed projects to date.

Solcor frequently relies on technical guidance from other companies within the group, which are closely connected through shared ownership. Together, their activities span nearly every aspect of the solar photovoltaic market:

  • EMAT - a distributor of photovoltaic equipment.
  • Nikola - a resilient installer.
  • Delta Activos -  a company dedicated to solar maintenance.

SOLCORELIOS II, UNIPESSOAL LDA is part of the Solcor Group (a subsidiary of Solcor Portugal), created to develop solar projects for associations and organizations with community involvement or social purposes.

Solcor has been active in Portugal since 2019. Its talented team of 15 professionals has delivered over 200 solar projects nationwide, contributing to the company’s expertise in developing, operating, and financing solar power plants.

Solcor aims to raise energy awareness and support the decarbonization of the economy by building sustainable relationships through positive, simple, and transparent agreements. Based on its performance and financial strength, the company is certified as PME Lider.

Its solar plant at the Caramulo Museum was one of the first collective self-consumption installations in the country.

The team

Steven V Cauwenberge

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Chief Executive Officer of the group

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.

Vincent Vangeel

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Co-founder and CEO

Master’s degree in Business Engineering – Supply Chain from KU Leuven. Master’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.

Tommaso Mura

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Co-founder and COO

Graduated in Energy Engineering from the Polytechnic University of Turin. Master’s degree in Renewable Energy Engineering from IST in Lisbon and KTH in Stockholm.

Business Model

The Solcor Group is primarily active in the development and operation of commercial solar installations. The group has already developed over 650 solar systems for clients across a wide range of sectors and currently manages more than 700 installations.

Its strong growth has been driven largely by the implementation of the ESCO model, in which clients pay for their solar installation using the savings generated — without the need for any upfront investment. Together with its partners, Solcor has invested more than 25 million euros in projects for its clients.

Active since

2019

Fiscal country

PT

Operating In

Portugal

Industry

Energy

Number of Goparity Loans

23

Women Shareholders

No

Updates

2025-09-22

Open for investment

This campaign will help avoid the emission of 2 tons of CO2 per year

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