SOLAR AQUA S.R.L.

Solar Aqua S.r.l. is a company owned by Green Enesys Group GmbH (managed through the German subsidiary Solar Ambition Europe GmbH) and Viridi RE Development GmbH. With Solar Aqua S.r.l, both companies are developing a photovoltaic solar project of about 7.7 MWp in Sardinia, Italy.

Both developers, Green Enesys and Viridi, share a long successful experience in the development of renewable energy projects worldwide.

Green Enesys is a company founded in 2009 as a developer of projects in the field of renewable energy: the main objective is to develop photovoltaic plants worldwide. In the last ten years, over 490 MWp of photovoltaic solar projects have been developed, financed, and implemented.

ll team of Viridi RE Development has successfully developed renewable energy plants, providing technical consultancy based on solid experience gained in over 15 years of presence in the development and EPC sector.

Green Enesys and Viridi have extensive experience in collaborating with municipalities, private entities, and public administrations to ensure that all planning and authorization requirements are implemented for the project's realization. Together, the developers are locally present in Italy, with a strong presence in Basilicata, Campania, Puglia, Sardinia, and Sicily.

ANALYST OPINION

The analysis of the Company that aims to raise funds is the result of the Report issued by EasyFintech S.r.l. - License art. 134 TULPS Prefecture of Milan prot. n. 14795/12B15E of 31/01/2020 - based on data bank calculators such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere and other financial scoring tools that combine traditional analysis (economic-financial, performance, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning, and Data Analysis.

The Italian company under analysis (Solar Aqua S.r.l.) is a recently established company. The company is in fact owned by the following companies:

• 30% of the share capital belonging to the German company Solar Ambition Europe GmbH which acts as a sub-holding. The latter, in fact, is wholly owned by the Swiss company GREEN ENESYS GROUP GmbH which refers to the Premium Investments Group.
• 70% of the share capital owned by the German company VIRIDI RE Development GmbH which acts as a sub-holding within the Group. The latter, in fact, is wholly owned by the German company VIRIDI RE Development GmbH.

Solar Aqua S.r.l. has its registered office in the Municipality of Campodarsego, in the Province of Padua, and is registered in the Business Register with ATECO code 7490 - "Other professional, scientific, and technical activities" and has a Sole Director, Mr. Carlo Angelo Alberti (Fribourg - Switzerland, 09/06/1948).

The "D&B Rating" powered by Dun & Bradstreet is a synthetic indicator regarding the consistency and riskiness of a company. The D&B Rating scale is alphanumeric: it includes an initial abbreviation with one or more letters, possibly preceded by a number, which assesses the financial consistency of the company, and a final alphanumeric abbreviation (from 1 to 4) which assesses the riskiness of the company.

The riskiness of the company is measured by the Failure Score and is expressed by the final number of the D&B Rating, which ranges from 1 (minimum riskiness) to 4 (maximum riskiness). To Green Enesys Group GmbH, the D&B Rating assigns a riskiness of "2" (GG2), which is associated with a lower-than-average weak cessation risk. The Failure Score (or D&B Score) measures the probability of cessation (voluntary or judicial in the presence of unpaid obligations) of a company in the next 12 months. The indicator ranges from 1 (maximum probability of cessation) to 100 (minimum probability of cessation). The Failure Score of Green Enesys Group GmbH is 68/100 compared to an average sector Failure Score of 62.

The age of the company is over 11 years (date of incorporation 10.12.2009) and is considered to be at low risk. The commercial sector in which the company operates appears to be stable and associated with low risk. In the past 24 months, D&B has not received any information about outstanding credits or recoveries from external agencies.

The above analysis, based on the Dun & Bradstreet D&B Rating, places Green Enesys Group GmbH in a solvent and low risk of insolvency area, with a D&B Score of 68/100. A less positive judgment is given to the German company Solar Ambition Europe GmbH, which is 100% owned by the sub-holding Green Enesys Group, to which the Business Information company assigns a D&B Score of 24/100, placing it in a medium-high risk area, higher than average, both due to the lack of company history (established in August 2020) and because no financial statements have been filed yet. No credit investigation was possible for the Italian company Solar Aqua S.r.l., as it is a recently established and currently inactive company.

Continuing along the participatory chain of interest, we finally encounter the company VIRIDI RE Development GmbH. It is also based in Heilbronn, Baden-Württemberg (Germany), was established on 11/04/2014, has a share capital of 25,000 euros, and its activities include: electricity production without distribution, engineering activities for projects in specific technical fields, engineering design, electrical installation, wholesale trade of other machinery and industrial equipment accessories, and other management activities. The company serves as a sub-holding for the management of holdings held in Italian and Spanish companies in the renewable energy sector, with a particular focus on photovoltaic solar energy.

To Viridi Re Development GmbH, the D&B Rating assigns a riskiness of "2" (2A), which is associated with a lower-than-average weak cessation risk. The Failure Score of Viridi Re Development GmbH is 80/100.

CORPORATE STRUCTURE

The Financing Agreement is a purpose loan: Solar Aqua S.r.l. commits to using the funds received from Investors exactly as specified in the Project outlined in the public offering and not diverting them for other purposes.

There is a letter of patronage from Green Enesys Group GmbH.

COSTS

The total connection cost for the photovoltaic system is € 1,096,091.83 (including VAT). In order to proceed with the procedures, it was necessary to pay Enel 30%, which amounts to € 328,827.55 (including VAT).

The collection on Ener2Crowd will allow for refinancing this amount, in order to continue with the authorization procedures and the development of new Projects in Italy.

LOAN REMOTITION PLAN

The amortization plan provides for the repayment of the Capital only at the last installment. There are quarterly installments with only the Interest Portion equal to € 6,393.75.

The following amortization plan for Solar Aqua S.r.l. is calculated with an interest rate of 7.75% for a total of €330,000.

N.B.: The amortization plan starts from the last day of the month following the release terms, therefore the table shown is a mere simulation containing the first available date in case of campaign completion at its expiration

PROJECT'S SDGS

By financing this project you can contribute to support and implement the following SDGs Sustainable Development Goals:

Why these SDGs?

• SDG 7 production of accessible electricity from renewable sources;
• SDG 9 implementation of resilient structures and infrastructures;
• 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 relative reduction in GHG emissions.

Become a protagonist of the future and sustainable development by financing this initiative!

PHOTOVOLTAIC

Solar panels are devices that convert solar light into electrical energy. Made up of solar cells containing semiconductor materials, the panels capture photons from the sun and transform them into direct current. This clean and renewable energy can be used to power our homes, businesses, transportation, and industries, reducing environmental impact. In addition to this environmental benefit, there is also a financial one, derived from self-consumption and/or selling the energy produced by the system. Estimates predict over 50 GW of new photovoltaic capacity for European countries. This would put Europe on a path of expansion, with a projected average annual growth of 85 GW by 20261. In 2022, 41.4 GW of photovoltaic installations were installed at the European level, a 47% increase compared to the 2021 figure of 28.1 GW1. Photovoltaics represent one of the most promising renewable technologies to drive us towards decarbonization. Supporting initiatives like these becomes crucial to move closer to a more sustainable future.

WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?

It is estimated that the photovoltaic system will have a total annual production of 12,290 MWh per year, which is equivalent to:

                  

Saving 5,284,700 kg of CO2 in the atmosphere every year

                  

Planting 528,470 trees, enough to cover an area of 2,696 football fields

                  

Avoiding the exhaust emissions of 3,696 cars every year

These are the effects and benefits that can also be generated thanks to your contribution!