The second Parity project consists of setting up a solar power plant in a very special place in Portugal - in Tavira, where the annual average of sunshine hours is the highest in the country. The goal is to install 64 photovoltaic panels with 17 kWp of power on the roof of Santo Estêvão's social centre, an institution that provides support to the elderly of the parish with the same name and that is thus taking its first step towards contributing to a greener future. The panels will produce around 30 000 kWh per year– a total that represents more than all the energy consumed by the centre. It is also the same of what nine Portuguese families consume altogether, or the same energy produced by 2.5 tonnes of oil. The solar power plant will, therefore, avoid the emission of 15 tons of CO2, which corresponds to the amount of this gas emitted in around 300 car trips between Lisbon and Tavira. Investors who support this project will thus receive an interest rate above the market average, while backing this important step taken by this institution to produce clean energy that contributes to a more sustainable future, with greater social, economic and environmental balance.
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GoParity is the first Portuguese crowdlending platform focused on sustainability projects. People and organizations lend money to the promoters of projects that aim to solve at least one of the UN Sustainable Development Goals. Since April 2017 GoParity has funded 18 projects - from renewable energy production to energy efficiency and sustainable tourism - and raised more than one million euros.
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