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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Parity is an investment platform for sustainable energy projects. We promote easy access to good investment opportunities and the outcomes and benefits are shared byt everyone involved. By connecting organisations that want to engage in energy projects with investors and the best installers in the market, Parity is shaping a new economy, showing the path to energy independency, creating jobs and fostering sustainable development. The idea of creating a platform and a marketplace where citizens could participate in the energy transition while benefiting from its economical characteristics started back in 2012 by our founders and their group of friends. Until now, before creating Parity we started Boa Energia - a renewable energy service enterprise; and Coopérnico - an energy cooperative that invests in PV systems for social associations. This two projects coupled with the Portuguese legislation change have given us the opportunity to start Parity. Our goal is unlock all those projects that have potential but never move forward due to lack of finance. With Parity on the table, ideas will become projects and everyone will benefit from them!
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