The case study provided by Go Parity includes the case study of the Power Purchase Agreement (PPA) signed between the RES cooperative Cooperative Agricola de Mangualde (CAM) and Coopernico, and the RES crowdfunding case study Peer to Peer (P2P) lending for the Lisbon Swedish School
The case study provided by GoParity includes the case study of the Power Purchase Agreement (PPA) signed between the RES cooperative Cooperative Agricola de Mangualde (CAM) and Coopernico, and the RES crowdfunding case study Peer to Peer (P2P) lending for the Lisbon Swedish School
Cooperative Agricola de Mangualde (CAM) is an agricultural co- operative, founded in 1951, whose influence covers 19 counties in the interior-North of Portugal. This is the 15th project of Coopernico, who invested in the installation of an 87-kW solar power plant for CAM self- consumption. Coopernico funded this project with loan from its members, 3% interest on a 12-year loan. 131MWh are estimated to be produced each year, avoiding the emission of around 84 tons of CO2/year. Coopernico is the investor in this project, having installed a Solar PV self-consumption power plant in CAM, and signed a Power Purchase Agreement (PPA). For the next 15 years, Coopernico will also become CAM’s electricity supplier, provided it can sell electricity for the same or lower amount than any commercial offer presented to CAM. At the end of the contract (15 years) the power plant will be given to CAM, with still at least 10 years of solar panel production guarantee. Coopernico had to be a registered and authorized electricity supplier in order to be able to sell electricity, even if it is just a solar PPA.
GoParity platform enabled the funding of a 6kW PV central for the Sweden School of Lisbon self-consumption of energy, through Peer to Peer (P2P) lending. With 60 students, the school became independent on 40% of the energy consumed, avoiding 4,5 tons of CO2 per year. In just two days, 18 citizens invested 12.100€ in this project, which allowed also lighting replacement (for LED), the purchase of a consumption monitor, awareness activities related to the subject and the change of electricity supplier to one that is 7% cheaper. The business model applied to this P2P lending project was a loan with a 96 months maturity and monthly payments (partial debt reimbursement and 4,25% interest) to its investors in the end of the period. The school is expected to save, every year, around 5000€ in electricity costs while paying nearly 1400€ per year in monthly instalments to investors. It was the first time a school did such a project in Portugal.