Finance a rooftop self-consumption photovoltaic plant
The DataSun Ceuta project, led by the Avangreen group, aims to refinance a 2.8 MW rooftop self-consumption photovoltaic plant, already built and located in the port of the autonomous city of Ceuta. This installation is the largest solar plant in a European port.
The project has been declared strategic by the Assembly and Government of the Autonomous City of Ceuta. The electricity produced will be fully consumed by the city’s digital infrastructures, including a future data center, as well as by public companies in Ceuta, particularly for public vehicle fast-charging infrastructures.
Through its SPV Optimal Capital Management, the Avangreen group is launching an initial financing tranche of €2,000,000, which can be extended within a global fundraising target of €3,500,000.
A bond issuance for refinancing a rooftop self-consumption photovoltaic plant
L'offerta
A bond issuance for the refinancing of a self-consumption photovoltaic plant.
Financing Offer
The Avangreen group offers an investment opportunity in a 2.8 MW rooftop self-consumption photovoltaic plant, already built and located already built and located in the city of Ceuta.
- The electricity produced will be fully purchased by two strategic actors:
- The city’s digital ecosystem, led by a future data center and an AI incubator.
The public companies of Ceuta, to supply various uses, notably the fast-charging stations for public electric vehicles.
This first financing tranche, launched by Avangreen through a crowdfunding operation,aims to raise €2,000,000, in the form of senior debt.
Additionally, a refinancing plan is being structured to refinance both the photovoltaic plant and the future data center once it has been built and commissioned.
Investment Structure
The Avangreen Group owns 93% of the company Optimal Capital Management, which manages the assets to be financed. The remaining shareholders are local minority partners.
It is this company, Optimal Capital Management, that will issue the bonds as part of this fundraising round.
Project Guarantees
To secure the investment, several guarantees are planned:
- Pledge of 92.5% of the issuer’s share capital
- Mortgage over the concession related to the photovoltaic plant or, alternatively, a guarantee issued by the parent company
- Escrow account
- Pledge over the project’s bank accounts
- Pledge over receivables (credit rights)
This mechanism will be lifted once the guarantees of the two PPAs (City of Ceuta + Data Center) are fully effective.
Specifiche
Fasi di investimento
- Investimento aperto a tutti
Fine della raccolta
La data di fine raccolta potrebbe essere estesa su richiesta del promotore del progetto.
Il rendimento del tuo investimento sarà calcolato a partire dalla data di generazione dei certificati d'investimento, ovvero una volta ricevuti l'intero importo dei fondi e la documentazione legale firmata dal promotore del progetto.
Risorse
Simulatore
Simulazione di investimento
DataSun Ceuta - Obligation 8,5%/anno su 3 anni
Simulazione - Tasso: 8,5% / anno per 3 ans
Investimento iniziale:
1.000 €
Rimborsi e interessi:
1.255 €
In 3 rate
| Data | Interessi* | Capitale | Importo |
| 08/06/2026 | 85 € | 0 € | 85 € |
| 08/06/2027 | 85 € | 0 € | 85 € |
| 08/06/2028 | 85 € | 1.000 € | 1.085 € |
| Totale | 255 € | 1.000 € | 1.255 € |
*Interessi lordi prima delle imposte, tutte le spese incluse (vedi tassazione) Il risultato presentato non costituisce una previsione delle future performance dei tuoi investimenti. Ha solo lo scopo di illustrare i meccanismi del tuo investimento nel corso del periodo di investimento. L'andamento del valore del tuo investimento può discostarsi da quanto visualizzato, sia al rialzo che al ribasso. | |||
Il progetto
The Project
The DataSun Ceuta project involves a self-consumption photovoltaic plant with a solar canopy, already built and ready to produce energy.
A pioneering project for the city of Ceuta
Until now, Ceuta was the only region in Spain not meeting European decarbonisation targets. This project represents a true energy milestone for the city, becoming the first renewable energy plant integrated into its territory.
Local production serving two strategic pillars
The project supports Ceuta’s two main development priorities:
- Sustainable mobility (electric land and sea vehicles)
- Digital transformation (infrastructure and data centers)
The solar plant aims to supply electricity:
1) To charging stations for both public and private electric vehicles
2) To electric vessels operating in the Strait of Gibraltar
3) To digital infrastructure, including a data center under construction and a digital incubator supported by the Chamber of Commerce
A well-structured financing strategy
The project was fully financed through Avangreen’s equity (the sponsor) and European subsidies. This fundraising aims to refinance the initial phase, covering the equity already committed and preparing for long-term bank financing.
PPAs under negotiation
Two power purchase agreements (PPAs) are currently in progress:
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One for supplying electricity to municipal vehicles and public services (including waste collection). The project is officially supported by the city of Ceuta, which has declared it a strategic project. This PPA is under negotiation.
-
Another for powering digital infrastructure, including the future data center (PPA already signed).
Technical and Financial Overview
- Project type: Self-consumption photovoltaic plant (rooftop)
- Installed capacity: 2.8 MW
- Estimated annual production: 5,250 MWh (20-year average)
- Completion of works: construction completed
- Total CAPEX: €4.9 million (including charging stations)
- Average OPEX: €352,000/year (over 10 years)
- Surface area: 12,000 m²
- Land type: public concession from the Port of Ceuta for 30 years
- Annual rent: approx. €50,000/year (indexed to CPI)
Promotori del progetto
Founded in 2006 by Beatriz López and Manuel Gómez, two professionals with experience in large international companies in the energy, technology, and consulting sectors, Avangreen is a Spanish company specializing in the development of innovative and customized energy solutions.
Its main activity covers engineering, project development, and the construction of electrical installations and automation solutions, with a strong focus on renewable energies and the energy transition.
Over the years, Avangreen has developed a consolidated experience in the construction of large-scale photovoltaic solar plants, having completed more than 350 MW of engineering and delivered more than 150 installations as an EPC contractor (engineering, procurement, and construction).
The company also operates in the following fields:
- Energy efficiency
- Sustainable mobility solutions and self-consumption
- Design and supply of specific components for solar installations
- E-houses (prefabricated modular electrical units), with more than 500 units delivered to date
- Data centers, offering comprehensive solutions from electrical power supply to thermal regulation
Based on a family and independent model, Avangreen relies on an agile approach, combining technical experience, innovation, and a deep understanding of the needs of its industrial and institutional clients.
The Project Promoter in Numbers
+18 years
of activity in the field of R&D and technology
18 countries
presence in Europe, the Middle East, Africa, and the United States
+500
e-houses delivered to the industrial sectors
+350 MWp
of capacity in engineering and construction
20 data centers
development and investment in clean power plants in the Spanish market.
Analisi
Panoramica dei rischi
Rischio di controparte
Riesgo de incumplimiento de pago de la contraparte que pondría en peligro los ingresos del proyecto
Mezzi di mitigazione
El principal riesgo recae sobre el precio fijo y la puesta en operación del contrato de compra de electricidad con la ciudad de Ceuta. A día de hoy, el PPA con Procesa (Ciudad de Ceuta) está en negociación y debería firmarse antes de finales de 2025. El segundo PPA está firmado con el centro de datos. Estará operativo una vez que el centro de datos entre en funcionamiento (mediados de 2026). Para mitigar este retraso, el promotor del proyecto está de acuerdo en establecer una cuenta de reserva (escrow account) para cubrir los primeros pagos de intereses. Este mecanismo se eliminará una vez que se haya efectivizado el gravamen de estos dos contratos de PPA (Ciudad de Ceuta + Centro de Datos).
Rischi del paese
Rischio di cambiamento di politica
Mezzi di mitigazione
La ciudad de Ceuta forma parte de la jurisdicción española y, por lo tanto, de la jurisdicción europea, a pesar de su ubicación en territorio marroquí. Además, los organismos institucionales respaldan este proyecto tanto a nivel europeo (subvenciones) como local (la sociedad de la ciudad de Ceuta, Procesa, parte interesada en el proyecto).
Rischio di rifinanziamento
Rischio di credito relativo alla capacità della società di rifinanziare e onorare i propri debiti.
Mezzi di mitigazione
La estrategia de refinanciación se ha establecido a través de una refinanciación bancaria en 3 años, que coincide con la puesta en marcha del centro de datos. El principal riesgo asociado a la refinanciación es que el centro de datos nunca se termine. En este caso, el problema no es la capacidad de reembolso (el proyecto podría reembolsar una refinanciación conforme a los estándares del mercado), sino el volumen total de la deuda, que podría ser considerado demasiado bajo para resultar interesante para un socio bancario a largo plazo.
Rischio di mercato
Questo rischio può essere causato, ad esempio, da un cambiamento delle circostanze macroeconomiche, da una riduzione della domanda nel settore in cui opera il progetto di equity crowdfunding e dalla dipendenza da altri settori
Mezzi di mitigazione
Rischi operativi
Rischio di un cattivo funzionamento del progetto, di manodopera difettosa o di guasti alle macchine con conseguenti scarse prestazioni
Mezzi di mitigazione
Avangreen será el operador de esta planta y también se encargará del mantenimiento. El contrato garantiza la disponibilidad de la planta, con fuertes penalizaciones en caso de no cumplir con los plazos establecidos. También incluye el mantenimiento correctivo.
L’investimento in questo progetto di equity crowdfunding comporta dei rischi, compreso il rischio di perdita totale o parziale del capitale investito. Il tuo investimento non è coperto dai sistemi di garanzia dei depositi istituiti ai sensi della direttiva 2014/49/UE del Parlamento europeo e del Consiglio. Il tuo investimento non è inoltre coperto dai sistemi di indennizzo degli investitori istituiti ai sensi della Direttiva 97/9/CE del Parlamento europeo e del Consiglio. Il rendimento dell’investimento non è garantito. Non si tratta di un prodotto di risparmio e si consiglia di non investire più del 10% del proprio patrimonio netto in progetti di finanziamento partecipativo. Potreste non essere in grado di vendere gli strumenti di investimento quando lo desiderate. Se riuscite a venderli, potreste comunque subire delle perdite.
