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Days left0
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Annual return9,00%
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Investment duration36 MONTHS
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Investors230
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Min/Max investment100 / 250.000€
WHAT AM I INVESTING IN?
The company Genius Watter S.r.l. is requesting a financing of €100,000 (with a maximum of €250,000) for the construction and installation of a desalination and water purification plant powered by photovoltaic solar energy, located at a well-known international hotel structure on the island of Zanzibar, Tanzania.
The plant is the result of an engineering technology designed, developed, and patented by Genius Watter, which allows for the production of high-quality water through the development of a desalination and water purification system powered by solar energy from renewable sources.
3D rendering of the project and the plant
Interior of the plant
The high level of engineering of the systems developed by the Genius Group, as well as the choice to be present with its own structure in the countries where the plant installations are carried out, will allow for a qualified and punctual management and maintenance service of the plant, through the subsidiary Genius Watter Zanzibar Ltd. Additionally, with the use of remote supervision, predictive maintenance will also be possible in order to prevent excessive wear and tear of the components.
The lifespan of the plant is estimated to be thirty years.
To address the growing difficulties related to poor-quality and expensive water supply, especially in terms of maintenance of the water system due to the presence of scaling salts in the water supplied by tankers, the resort has decided to rely on a competent partner for its sustainable water supply needs.
Genius Watter will install a reverse osmosis desalination system for seawater, powered by a 60 kWp photovoltaic plant, without batteries and connected to the electrical grid, which will provide 140,000 liters of clean and safe water to the entire hotel for all uses, every day. The plant will be remotely monitored and managed in real-time, a fundamental action to quickly resolve any issues even from a distance.
It is planned that a portion of the water treated by the plant will be provided free of charge by the hotel to the neighboring village where the staff and their families reside, totaling 300-400 people, who currently only have poor-quality, salty, and dirty water available.
The plant will benefit from a multi-year management and maintenance service, carried out remotely and on-site by the company, through its local technical structure and hotel technicians who have been trained on the operation of the technology. The company strongly believes in the involvement of local communities and businesses for the success and long life of its projects.
The international hotel structure where the plant will be installed in Zanzibar
HOW DOES THE INVESTMENT PAY FOR ITSELF?
The Project involves a total investment of € 460,000 in Capex, for which the proposing company has already advanced approximately 50% of the estimated total costs. Currently, the partially assembled container with the material has already been shipped to the final destination and is expected to arrive by the end of this month of October.
From an economic and financial point of view, the project is repaid through the sale of water to the Resort: the contract indeed provides for the purchase of a minimum quantity of water at a fixed price in US dollars, equivalent to 40,000 cubic meters per year, and linked to an inflation rate, always of the US market. The evaluations lead to an estimate of the Payback Time in about 5 years, with a Project IRR of 20%.
From a tax point of view, Tanzania, the country to which the island of Zanzibar belongs, has a double taxation agreement with Italy, thus avoiding the duplication of taxes in the repatriation of flows. From a civil-tax point of view, the plant will remain the property of a company of the Genius Group, entirely controlled by Genius Water Srl, which will charge the use of the plant itself, based on a ten-year lease agreement.
ENERSCORE - WHAT IS ITS RATING?
Ener2Crowd provides a standardized parameter called "EnerScore" that is assigned to every single investment proposal. This parameter defines a GLOBAL RATING that sums up objectively, in a complete and understandable way all the data that characterize the project.[...] (Sign up now to discover more).
INTEREST RATE CORRECTION FACTOR
In recent months, the global socio-economic context is leading to a sharp increase in inflation, i.e. the prolonged increase in the average level of prices of goods and services. For this reason, the ECB foresees an increase in rates on mortgages and loans with the aim of preserving the purchasing power of consumers.
In this situation, Ener2crowd has also chosen to insert the so-called "Correction factor" of the interest rate (Fc), with the aim of adjusting the interest rates (and therefore rates of return for investors), to the variability of the general mortgage situation.
HOW TO APPLY THE Fc FACTOR [...] (Sign up now to find out more)THE PLACE OF THE INTERVENTION
The installation of the solar-powered water purification and desalination system will be carried out at the premises of the Karafuu Hotel Beach Resort & SPA in Zanzibar, Tanzania.
GENIUS WATTER S.R.L.
Genius Watter S.r.l. is committed to providing CLEAN WATER POWERED BY THE SUN. Their mission is to provide access to clean and affordable solar-powered water, empowering individuals, communities, and local businesses.
Committed to making water available with environmentally, socially, and economically sustainable solutions wherever it is needed. With the ambitious goal of operating according to a competitive and sustainable business model, respectful of the environment and inclusive for people.
A young company with the experience of pioneers in the solar energy sector. An international team that combines young professionals with experienced figures, united by a strong passion for sustainability.
THE STORY
Extensive experience in solar photovoltaic energy driven by a passion for sustainability. Since 1981, co-founder Franco Traverso has been building the first solar photovoltaic systems and components worldwide.
In the following four decades, he developed international partnerships, projects, and solar panel production facilities, driven by his passion for solar energy. In 2018, he received the "Environmental Leadership Award" from ICCO North America and in 2021 the "Lifetime Achievement of the year" award from Afsia Solar Awards 2021 for his 40 years of experience in the solar industry and his significant long-term contribution to the development of the African solar industry.
An impact-driven company, with the goal of democratizing access to water.
In 2018, Dario Traverso, thanks to the knowledge acquired from his father and eager to create a sustainable company with a strong social impact, founded Genius Watter with headquarters in Italy.
Since 2018, several projects have been developed in Africa, providing clean and accessible water to private clients and communities, even in places outside the power grids.
THE ANALYST'S ADVICE
Genius Watter S.r.l. is an innovative Italian company established in 2018 that carries out as its main activity "research, development, production, and marketing of innovative products and/or services with high technological value for water purification and filtering [...]". With ATECO code 28.29.91. Over time, it has installed and developed various plants mainly in developing countries.
The company's administrator is Dario Traverso who has no previous negative records.
The company is wholly owned by Genius Holding S.r.l. - with subscribed share capital of €1,500,000 - whose shareholders are the company CloudBreak VC Scsp, Dario Traverso, and Franco Traverso.
The analysis methodology used involves calculating a synthetic risk indicator, called Integrated Easyscore, obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). The Integrated Easyscore places the company Genius Watter S.r.l. - on a scale from 1 to 10, where 1 corresponds to maximum security and 10 to maximum risk in risk class 7, with a score of 38/100 corresponding to the judgment "Risk".
For the parent company Genius Holding S.r.l. - the guarantor of the operation - the analysis methodology used involves calculating a synthetic risk indicator, called Integrated Easyscore, obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). The Integrated Easyscore places the company Genius Holding S.r.l. - on a scale from 1 to 10, where 1 corresponds to maximum security and 10 to maximum risk, in risk class 3, with a score of 77/100 corresponding to the judgment "Wide Solvency".
Below is a summary of the analyses of the other partial scores for Genius Watter S.r.l.:
• Easyscore Expert: assesses the financial solvency and commercial reliability of the company through the calculation of the Cribis d&b Rating (Failure score, Delinquency score, Paydex Cribis d&b, negative events). Genius Watter S.r.l. has been assigned a Cribis Rating of "3" with a cessation risk "Higher than average".
• CeBi Score 4: CeBi calculations provide the calculation of PD - Probability Default through a certified algorithm for the banking world, within the framework of scoring models and internal rating systems (so-called Internal Rating Based) used by Italian Credit Institutions. The scores evaluate the economic and financial solidity of the company, placed in its current and prospective economic system of reference. The analysis of the balance sheet as of 31-12-2022, in terms of insolvency risk, classifies the company in class V1, corresponding to a Vulnerability situation with a PD of 0.72%. With a slight decline compared to the previous 2021 Balance Sheet. This class includes 16.59% of the companies belonging to the sector FABBR. ALTRE MACC. IMPIEGO GENERALE.
• CR Score: expresses in a synthetic way a judgment on the use of credit lines granted by the banking system, reported within the Central Credit Register of the Bank of Italy. This value could not be calculated as there are no active loans with credit institutions and/or banks.
The aforementioned analyses, summarized in the Integrated Easyscore, place the company Genius Watter S.r.l. in a "Risk" area with a score of 38/100, while for Genius Holding S.r.l. in a "Wide Solvency" area with a score of 77/100.
CONCLUSIONS
Despite presenting favorable elements such as financial balance and liquidity, financial structure, and temporal composition of debt, Genius Watter S.r.l. also presents some critical aspects such as cash flow profitability and quality of earnings. To provide further protection for the operation, there is an autonomous guarantee directly on Genius Holding S.r.l. with subscribed share capital of €1,500,000.
CONTRACT STRUCTURE
The type of contract is a Purpose Loan: Genius Watter undertakes to use the funds received from Investors exactly as specified in the Project outlined in the public offer and not to divert them for other purposes.
The borrower of the financing is Genius Watter S.r.l. - the plant will be managed by Genius Watter's wholly-owned subsidiary, SPV Genius Watter Zanzibar Ltd.
There is also an independent guarantee from Genius Holding, the parent company.
COST STRUCTURE
The estimated total cost for the construction of the solar desalination plant is approximately €460.000. The minimum target of the Ener2Crowd campaign will cover 39% of the Capex, while the maximum target will cover 54% of the total.
The crowdfunding campaign is a bridge loan that is used by the company to cover the final costs and complete the installation work; the remaining share of the Capex will be financed through equity investment.
FINANCING PLAN
The amortization plan provides for the repayment of Capital and Interest at each installment. There are quarterly installments amounting to €24.004,35.
The following amortization plan for Genius Watter S.r.l. is calculated with an interest rate of 9% for a total of €250.000.
*before any tax withholdings.
SDGS ACTIVATED BY THE PROJECT
The SDGs - (Sustainable Development Goals) are 17 goals defined by the United Nations in the 2030 Agenda for Sustainable Development as a framework for a programmatic strategy "to achieve a better and more sustainable future for all" by 2030.
https://sdgs.un.org/goals
By financing this project, you can contribute to support and implement the following SDGs Sustainable Development Goals:
Why these SDGs?
• SDG 6 assurance to all of the availability and sustainable management of water;
• SDG 7 accessible electricity production from renewable sources;
• SDG 9 implementation of resilient structures and infrastructure;
• SDG 10 reduction of inequality;
• SDG 11 improvement of energy efficiency and strengthening of communities;
• SDG 12 responsible and efficient consumption of available resources;
• SDG 13 combating and mitigating climate change with a related reduction in GHG emissions.
Become a protagonist of the future and sustainable development by financing this initiative!
DESALINATION OF WATER THROUGH SOLAR PHOTOVOLTAIC ENERGY
Genius Watter provides a turnkey solution for pumping, desalinating, and distributing clean water from saline sources (from hard and brackish water to seawater) anywhere, using solar energy. The solar-powered reverse osmosis desalination system without batteries is Genius Watter's core product. Each system is designed and engineered according to the specific needs of the customer, to ensure maximum performance over time.
Here is a brief description of the process: photovoltaic solar panels convert solar energy into continuous electricity. This electrical energy is then used to power the entire water pumping, desalination, and distribution system. After being pumped, the incoming water is pre-treated through different types of filtering, which remove residues that could clog the osmosis membranes. Through the use of high-pressure pumps, the water is directed into the osmosis membranes that separate the salt and other impurities. Once out of the osmotic membranes, the water can be purified and remineralized. After the desalination and post-treatment process is completed, the clean water is stored in a tank, ready for subsequent consumption, or distributed through an automatic dispenser for on-demand water supply, via the building's water network or with drip irrigation in agricultural areas.
The use of photovoltaic energy in this process has several advantages: solar energy is a renewable and clean source, reducing the environmental impact of the desalination process. Locally produced energy reduces dependence on external power sources, making the system more reliable and sustainable. In the long run, solar energy can reduce operating and management costs, as solar energy is free after the initial installation of photovoltaic panels. This technology is widely applied in many parts of the world to address the challenges related to access to safe drinking water and clean energy.
WHAT ARE THE ENVIRONMENTAL BENEFITS FROM THE PROJECT?
It is estimated that the photovoltaic system will have a total annual production of 99.562 kWh and a daily production of purified water on site equal to 140.000 liters. The positive environmental impact of these two activities is estimated as follows:
Saving 56.812 kg of CO2 in the atmosphere every year
Planting 5.681 trees, enough to cover an area of 29 soccer fields
Avoiding the emissions of exhaust gases from 40 cars every year
These are the effects and benefits that can also be generated thanks to your contribution!
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