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Project summary:
Crowdlending campaign for a set of energy efficiency installations in off-grid mobile base stations throughout Spain.
This project will allow a reduction of CO2 emissions by 320.000 Kg per year, equivalent to the energy consumption of 111 90 sqm apartments or to planting 32.000 trees.
Through this crowdlending campaign, ECrowd! is giving its investors access to a world class professional investment project. Apart from the positive contribution to the environment and the strong financial return, this is a first time opportunity to co-invest alongside a professional investor and contribute to a large energy efficiency investment.
Project description:
Crowdfunded loan (crowdlending) for an energy efficiency project for off-grid mobile base stations, helping to reduce its energy consumption and carbon footprint thanks to the installation of hybrid systems, including solar panels, inverters, batteries as well as the renovation of the support generators. Due to technical reasons, this project has been implemented in 3 correlaive phases of 9, 4 and 3 base stations.
This project aims to optimise the energy efficiency of a network infrastructure belonging to the largest mobile phone operator in Spain. The first 9 mobile base stations are off grid, and were supplied solely by a diesel generator and without any energy storage system. The base stations have been renovated with two types of installations; 3 stations have had solar panels, inverters and batteries installed, together with a high quality diesel support generator; the 6 others have received storage batteries and a new diesel generator to recharge them. In addition, the diesel generator is activated through a control and monitoring software, being used solely to recharge batteries when necessary and monitor various aspects of the base station (temperature, ventilation, etc…).
For the 4 EB on the second phase, it has been opted for the connection to the grid with the support of an Uninterruptible Power Supply (UPS), batteries and a new generator so an average reduction of 54% CO2 emissions is achieved annually. That corresponds approximately, at this phase 2, with about 120,000 kg of CO2 emissions to the atmosphere, equivalent to the energy consumption of 40 flats of 90 m2 or the planting 12,000 trees.
The project has been executed by Enertika, a company with a very strong reputation in the energy efficiency field. Financing of the project is through SI Capital Private Equity, a specialist investor in well managed companies along the Energy Efficiency value chain, principally in Spain and the UK. One year after the implementation of the project, and based on its success, SI Capital has decided to open up investment in this project to the crowd, via its subsidiary SI Energy, and using the services of positive impact crowdlending platform ECrowd!
Savings generated until the first quarter of 2016:
Collaterals of the collective loan:
Guarantee provided by SI ENERGY INVESTMENTS SLU by pledging the rights and revenues derived from the execution of the energy efficiency project on the base stations mentioned, as well as the affectation of the installations financed for those same base stations. Likewise, the company is committed to maintaining a position of permanent liquidity equivalent to the amount of the next six installments of the loan.
As this deals with the partial refinancing of an existing project which has been functioning for more than a year, there are no implementation uncertainties and all the operational data are known.
Financial projections of the project (revenues in Euro):
| 2016 | 2017 | 2018 | 2019 | 2020 | |
| Projected revenues | 64.715,45 | 100.013,30 | 98.826,89 | 97.677,11 | 42.762,13 |
| Gross installments ECrowd! | 52.845,05 | 74.518,23 | 70.455,73 | 66.393,23 | 26.464,84 |
| Balance | 11.870,40 | 25.495,07 | 28.371,16 | 31.283,88 | 16.297,29 |
Description of the technology:
Photovoltaic modules: The modules were supplied by Suntech, models STP-270-24vb.
The Selected models have the minimum required certificates for photovoltaic panels and their features and technical guarantees are within market standards.
PV Inverters: The inverters transform the direct current from the photovoltaic panels into alternating current used in the base station.
When the photovoltaic panels generate sufficient power to supply the base station, the electronic system of the inverter will supervise the voltage and frequency to ensure the supply of energy is done safely.
Batteries: Lead Acid traction batteries from manufacturer Exide Tudor have been selected.
Lead Acid batteries are well suited to photovoltaic installations due to their long lasting life, their ability to function in slow discharge and loading systems as well as their low level of self-discharge.
New generators: A diesel generator from manufacturer CAROD has been selected. The diesel engine is an engine from Manufacturer LOMBARDI with 4-stroke mechanical adjustment, indirect injection, liquid cooling and set at 1,500 r.p.m.
To provide greater autonomy to the system, there are two oil tanks of 1000 liters and 1500 liters installed. When oil level drops to 30%, the management system alerts about the need to recharge the tanks.
Bidirectional inverter - energy manager: the energy management system is the bidirectional inverter from SMA Sunny Island. The Sunny Island bidirectional battery inverter is often referred to as a combined inverter/battery charger. It takes care of storing excess energy in the battery and supplying the installation with power from the battery.
These devices are particularly cost-effective because they perform both functions via the same power semi-conductors. The Sunny Island is equipped with both grid management and with a highly developed battery management function, which includes monitoring.
Thus it is continuously updated on the exact battery charge and as system manager makes necessary ongoing decisions. When the batteries are empty and there is little generation capacity, it activates a permanently available backup energy source (e.g., a diesel generator) or even switch off certain consumer loads. It also determines the optimum strategy for charging the batteries, and in so doing, increases their lifespan.
Container: The hybrid solutions designed by Enertika are integrated inside a freight container.
The selected container is a maritime type, the “Dry Vande”, 8 feet wide and 10 feet long. It has enough strength to allow the installation of all equipment inside, as well as transporting it in complete security and without affecting the stability of the support.
The temperature control of the container is essential to ensure the correct functioning of the equipment and is optimised through a number of extractors and vents.
UPS or Uninterruptible Power Supply: is a device that, thanks to batteries that store energy, can provide electricity for a limited time to all those devices connected to it. Another function of this device is to improve the quality of the incoming energy, by filtering ups and downs of tension and eliminating harmonics from the network in case of the use of altern electricity.
Localisation map in Spain of the base stations for phase 1:
Localisation map in Spain of the base stations for phase 2:
Additional information: How to invest with ECrowd!
Investing in ECrowd's projects is also open to non-spanish residents.
ECrowd! never charges any commission, neither on your investment nor on the interests you receive.
The appropriate income tax is deducted from the interests received by spanish residents.
The interest rate on your investment can be dependent on the success of the actual project. It is occasionally possible that the actual interest rate differs from the one initially advertised. Please read attentively the information on each project before investing. Diversifying your investments is the optimal strategy to manage your investment portfolio.
videos of the project
Presenting the phase 1 of the energy efficiency project for off-grid mobile base stations - SI Capital
Ecrowd! does not charge any commission on your investments or received interest.
The received interest will be subject to the applicable withholding tax.
Ecrowd! is a regulated crowdlending operator (Plataforma de Financiación Participativa) with a licence from the Spanish Financial Authority (CNMV).
Ecrowd! is not an investment services company or credit institution and does not participate in any investment guarantee fund or deposit guarantee fund. The investment projects presented on this platform are not subject to authorization or prior supervision by the CNMV or the Bank of Spain, and the information provided by the developers has not been reviewed by these institutions. All funds are deposited on the electronic payments platform LemonWay payment, which is registered with Bank of Spain. The performance of your portfolio depends on the success of each individual project. There is a risk of total or partial loss of the invested capital, not obtaining the expected financial return and limited liquidity. Carefully read the detailed project information before commiting to any investment. By investing in this project, you expressly state you have received, read and accepted the general conditions of Ecrowd! Diversification is the optimal strategy for managing your investment portfolio.
More information: how to invest with Ecrowd!
Questions and answers
Héctor 10/06/2016
¿Por qué SI Capital quiere salir del proyecto y dar entrada a capital proveniente de crowdlending? ¿Ha disminuido la rentabilidad que esperaba inicialmente? ¿Los ingresos previstos están asegurados por contrato o pueden varian en función de algunas variables? ¿cuáles? ¿Por qué no se presentan datos del ahorro de costes totales de este primer año con placas solares respecto al sistema anterior? Sólo se muestra ahorro de combustible y de emisiones, pero no veo datos que muestren que los nuevos costes sumados al coste de combustible actual sean inferioress al coste del sistema anterior.
Sebastian Waldburg 01/09/2017
Para devolver parte del préstamo participativo realizado por la empresa matriz SI CAPITAL R&S I, S.A. S.C.R. La rentabilidad del proyecto y los flujos de caja son los previstos hasta la fecha, incluso ligeramente superiores. No se prevén cambios en este sentido durante la duración del contrato. Los ingresos previstos están asegurados por contrato ya que el cliente se compromete a pagar una cantidad determinada por kWh consumido. Existen múltiples casuísticas que aseguran la rentabilidad y modelo de ingresos del proyecto para casos de que no se utilicen las estaciones base, o se modifique su régimen de uso u otras circunstancias. Por motivos de confidencialidad no podemos dar los detalles del contrato entre la empresa de telecomunicaciones y el adjudicatario. El ahorro económico que consigue el cliente es superior al 30% de la situación original.
Ignacio 10/06/2016
Hola se trata de un proyecto Esco? Podéis dar más información de cómo, de qué forma y quién retribuye a la compañía que hace la inversión y que pide el préstamo. No queda muy claro en la descripción del proyecto y creo que se trata de un dato básico Muchas gracias.
Sebastian Waldburg 01/09/2017
El proyecto es de tipo ESCO, es decir, el cliente realiza un concurso que consiste en mejorar el precio del kWh y la calidad del servicio, mediante la inversión por parte del adjudicatario en los equipos necesarios para cumplir dichos objetivos. El cliente es una compañía de telecomunicaciones y el adjudicatario es la empresa Enertika. SI Energy es quien ha financiado a Enertika la inversión necesaria para transformar las estaciones base. El cliente paga mensualmente en función del consumo realizado vía trasferencia bancaria a una cuenta propiedad de “Enertika y SI Energy”.
Klaus 16/06/2016
Hola!
(1): Will the ECrowd! loan be senior to the loan by SI Capital?
(2): As the installation is already in operation, what will be done with the funds from the ECrowd! loan? Will they be used for a partial repayment of the SI Capital loan?
(3) Is the high capitalization of SI Capital relevant, i.e. does SI Capital guarantee the repayment of the loan in case there is a problem with the borrowing Special Purpose Vehicle company?
Gracias!
Sebastian Waldburg 01/09/2017
(1) Yes, that´s right.
(2) Yes, it will be used for partial repayment of the SI Capital participative loan.
(3) No, the guarantee comes from the project itself and from SI ENERGY INVESTMENT 6 months cash-flow compromise.
Cándido 17/06/2016
Entiendo que la viabilidad del proyecto depende del pago por parte de la empresa de telecomunicaciones, que al final es la que paga el precio del servicio. ¿Qué garantías ofrece la entidad que hizo el concurso?
Sebastian Waldburg 01/09/2017
Se trata de una empresa multinacional de total solvencia y existe garantía contractual.
Cándido 17/06/2016
El importe solicitado es de 140.000 €, ¿cuál ha sido el coste global del proyecto de las 9 bases?
Sebastian Waldburg 01/09/2017
El coste del proyecto está incluido en el monto total de la instalación, que ha ascendido a €220.944 para las 9 estaciones base de la 1a Fase.
Cándido 21/06/2016
¿Cual es el importe global del proyecto en el que se participa?, se comenta que son 9 bases de telefonía, ¿cual ha sido el monto total de la instalación?
Sebastian Waldburg 01/09/2017
El importe global del proyecto, que incluye las 16 estaciones base de las dos fases (de 9 y 6 bases respectivamente) asciende a 415.000€
Alejandro 04/07/2016
Estimados Srs.; El nombre del proyecto va seguido de - Fase 1. ¿Quiere esto decir que hay más fases previstas? un saludo
El equipo de ECrowd! 04/07/2016
Buenos días,
El proyecto se ha ejecutado en dos fases consecutivas de 9 y 7 estaciones base aisladas de telefonía móbil, y la financiación sigue el mismo esquema de dos fases.
Muchas gracias.
Investors
José Maria
10.050€
Miguel Angel
10.000€
Nicolas Bertrand Dominique
5.000€
Klaus
4.475€
Rosa
4.025€
Melchor
3.425€
Esther
3.425€
Laurent
3.000€
Mario
3.000€
Andrés
3.000€
Bibiana
3.000€
Ferran
3.000€
Claudio
3.000€
Gerard
3.000€
Pedro
3.000€
Francisco Berenguer
2.500€
Mabel
2.500€
Jose Alberto
2.475€
José
2.050€
Andrés
2.000€
Gabriel
2.000€
Josep
2.000€
Oscar
2.000€
Josep
2.000€
María Isabel
2.000€
Pilar
2.000€
Ricard
2.000€
Marc
1.500€
Jordi
1.500€
Miguel Ángel
1.500€
Heike
1.500€
Carlos
1.400€
Eduardo
1.400€
Detlef
1.200€
Ladislao
1.000€
Mahewa
1.000€
David
1.000€
Sara
1.000€
Alejandro
1.000€
Dani
1.000€
Javier
1.000€
José Manuel
1.000€
Pere
1.000€
Alejandro
1.000€
Andres
1.000€
Aitor
1.000€
Félix
1.000€
Lluís
1.000€
Alejandro
1.000€
Jordi
1.000€
Marc
1.000€
Joaquim
1.000€
Urtzi
1.000€
Carlos Javier
900€
Pere Feliu
675€
Koert
600€
Jordi
575€
Oriol
575€
Marga
500€
Enrique
500€
Ignacio
500€
Olivier
500€
Marc
500€
Guillermo
500€
Enric
500€
M. Carmen
500€
Javier
500€
Jean-Baptiste Maurice Stanislas
500€
Alejandro
500€
Raül
500€
Roberto
500€
Luis Alberto
500€
Catalina María
500€
Jorge Alfredo
400€
Jaime
400€
Sergi
400€
Pedro
400€
Jaime F.
400€
Maria Antonia
350€
Míriam
325€
Matthieu
300€
Montse
300€
Fernando
300€
Jesús Manuel
300€
Roman
300€
Iñigo
250€
Francisco
250€
Manuel
250€
Silvia
250€
Héctor
250€
Sebastian
200€
Sergi
200€
Adrian
200€
Mario
200€
Josep Vicent
200€
Jose Ignacio
200€
Arnaud
200€
Vicente
200€
Sabine
200€
Gerard
200€
Sergi
200€
Oriol
150€
Daniel
150€
Jesus
150€
Alfonso
150€
Noelia
150€
Joaquin
150€
Esteban
150€
Míriam
150€
Gisela
100€
Lorena
100€
Manuel
100€
Rubèn
100€
Pablo
100€
Gabriel
100€
Luis
100€
Antonio
50€
Patricia Aline
50€
Jaizki
50€
Enrique
50€
Germán
50€
Maria José
50€
Armand J.
50€
Javier
50€
Alejandro
50€
David
50€
