Augusta Solar Park

Intro

Acquired by GridShare, the Augusta Solar Park is a plant already built, with a nominal power of 999 kW, already connected and working.
The plant benefits from a fixed rate guaranteed for 20 years of 84.59 €/MWh, and is designed to generate approximately 1,900,000 kWh/year, equal to the estimated need of about 700 homes with average consumption.
Thanks to this fixed incentive, the investment provides a stable and predictable return, amounting to an annual gross return of between 6% and 10% on a 30-year horizon.

Story

The park was offered to the public in Q2 2024, already operational and connected to the network.
The investment in the Augusta plant was proposed within a new corporate vehicle: Ecofund Srl, an innovative startup controlled by GridShare in partnership with Regran (a company with twenty years of experience in the design and construction of photovoltaic systems).
The crowdfunding campaign was aimed at both individual and corporate investors, who, thanks to government incentives for investments in innovative startups, enjoyed the opportunity to obtain a tax deduction/deduction of 30% on the share of subscribed share capital.

Technical characteristics

• Installed power: 999 kWp
• Estimated annual production: about 1,900 MWh
• Total surface area: 19,450 square meters in right of surface
• Number of panels: 1,425
• Typology: system already connected to the network with double-sided panels mounted on monoaxial trackers
• Energy sales: incentive rate of 84.59 €/MWh for 20 years

Design characteristics

The project is offered through the subscription of shares with property rights linked to the Augusta photovoltaic plant: each investing partner will receive an annual proportional distribution based on the results of the plant.
The expense for investors is limited to the one-time subscription fee, which covers all costs related to the plant, not only the purchase component but also the operating costs such as insurance, maintenance, management, sale, etc. for the entire useful life horizon.
The plant was offered as a subscription through CrowdFundMe, already connected to the network and with a consolidated income production for about a year. This made the project particularly attractive thanks to the lack of production risks and related delays.

The secret anecdote

When we launched the campaign for the Augusta plant, we negotiated with Regran their direct participation in the ownership of the plant. In fact, we wanted to assure investors that Regran itself, to whom we entrusted the role of plant maintenance, had its interests aligned with those of all the other owners of shares in Augusta. In fact, we believe that this represents an element of guarantee and stability, as well as ensuring a lasting quality service over time.