ENERGRED POWER PLANT S.R.L.

Link to website

Energred Power Plant S.r.l. is one of the Vehicle Companies of EnergRed that will be responsible for the revamping works of the three plants along the same river course located in Castelfiorentino in the Province of Florence.

EnergRed is an Energy Service Company (ESCO) that designs, develops, and manages systems and plants for the production of energy from renewable sources, providing its clients with sustainable, reliable, and long-lasting solutions. EnergRed's services cover four areas:

- Energy audits and feasibility studies
- High-quality engineering and design
- Construction of complex systems and plants
- Energy resource management

EnergRed is composed of expert professionals from important companies in the fields of engineering, industry, and communication, certified according to the UNI CEI 11339:2009 (EGE) standard.

THE OPINION OF THE ANALYST

The analysis of the Company that aims to collect funding is the result of the Report provided 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 available such as Crif, CriBis, CeBi, Cerved, Dun & Bradstreet, InfoCamere and other financial scoring tools that combine traditional analysis (economic-financial, trend, reputational) with statistical methodologies based on Artificial Intelligence, Machine Learning, and Data Analysis.

The Directors of the Company are Moreno Scarchini and Andrea Sbordoni, with no previous negatives recorded.

Given the nature of the special purpose vehicle activity of ENERGRED POWER PLANT S.R.L., the analysis was conducted on the controlling company of Energred SDG S.r.l. - ENERGRED D&C S.R.L., also due to the fact that it issues the Autonomous Guarantee for the financing operation.

The analysis methodology used involves calculating a synthetic risk indicator, called Easyscore Integrato (Integrated Easyscore) by EasyFintech S.r.l., obtained through a proprietary algorithm that integrates and synthesizes three partial scores (Easyscore Expert, CeBi Score 4, and CR Score). EasyFintech's Integrated Easyscore places the company in an area corresponding to a “Moderate Solvency” judgment.

Below is a summary of the analysis of the other partial scores:

• Cribis D&B Rating: evaluates 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). Energred D&C S.r.l. was assigned a Cribis rating of “3” with a "higher than average cessation risk";

• CeBi Score 4: CeBi calculations provide the calculation of PD – Probability Default using a certified algorithm for the banking world, within the scoring models and internal rating systems (Internal Rating Based) used by Italian Credit Institutions. The scores evaluate the economic-financial solidity of the company, placed in its current and prospective economic system. The analysis of the financial statements as of 31-12-2023 in terms of insolvency risk classifies the company in class V1, corresponding to a Solvency situation with a PD of 0.32%. This class includes 24.22% of the companies belonging to the HOLDING ACTIVITIES sector.

• CR Score: provides a synthetic judgment on the ways in which credit lines granted by the banking system have been used, as reported in the Central Credit Register of the Bank of Italy. The Score related to the Central Credit Register of the Bank of Italy is calculated over a 12-month period. This value is reserved as it is not a public data, and it can be stated that the Company does not have any active credit lines. The above analyses, synthesized in EasyFintech's Integrated Easyscore, place Energred D&C S.r.l. in an area of “Moderate Solvency”.

CONCLUSIONS
Energred Power Plant S.r.l. has already presented three operations on the Portal, one of which has already been concluded and successfully repaid with capital and interest to investors. The borrowing company Power Plant mainly carries out SPV activities to carry out works and projects, and therefore does not have particularly relevant financial statements. For this reason, the analysis was carried out on the Controlling Company of Energred SDG S.r.l. - Energred D&C S.r.l., which issued the Autonomous Guarantee for the financed operation, as part of the Energred Group - as mentioned above. As per the Visura, a pledge on shares is present on Energred Power Plant S.r.l., a necessary and ordinary measure for this type of operation carried out by funds with which Energred has been working for several years with a relationship of fruitful and mutual collaboration based on the numbers developed by the Company to cover the orders for the numerous and significant works typical of the ESCO sector.

It should be noted that the above indications are only a reference for making an informed choice based on one's investment capabilities, and it is always recommended to analytically evaluate the available elements.

CONTRACTUAL STRUCTURE

The Financing Agreement is a purpose loan: Energred Power Plant S.r.l. 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.

There is also an Autonomous Guarantee provided by Energred D&C S.r.l.

COST STRUCTURE

The estimated cost for the revamping interventions is a total of €450,000 (€150,000 for the 3 plants). The minimum target for the collection on Ener2Crowd will cover 22% of the Capex, while the maximum target will cover 88% of the total.

The crowdfunding campaign is a bridge loan that serves the company to anticipate the resources needed for the realization of the interventions, which will then be managed through agreements with financial institutions for a period more in line with the projects' business plans. The remaining liquidity is raised through company funds.

AMORTIZATION PLAN

The amortization plan provides for the repayment of the Capital only in the final installment. There are quarterly installments with only the Interest Portion equal to €9.500,00.

The following amortization plan for Energred Power Plant S.r.l. is calculated with an interest rate of 9,50% for a total of €400.000.

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

*net of any tax withholdings.

CONFLICTS OF INTEREST

The Relevant Parties, except for the Conflict of Interest Policy Manager and the Crowdfunding Service Provider, who cannot under any circumstances participate in the Crowdfunding Offerings published on the Platform, are authorized to invest in this Crowdfunding Offering on equal terms with all other Investors and without preferential treatment or privileged access to information.

For more information, please consult the policy at the following link

SDGs ACTIVATED BY THE PROJECT

• SDG 6 efficient water management;
• SDG 7 production of electricity from renewable sources;
• SDG 9 implementation of resilient structures and infrastructure;
• 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 corresponding reduction in GHG.

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

HYDROELECTRIC

A hydroelectric plant transforms the force of water into renewable energy for everyday life. When water is released through the turbines, its kinetic energy is converted into mechanical energy, which in turn powers generators to produce electricity. Hydroelectric energy is a 100% clean and sustainable source, as its production does not emit greenhouse gases and does not produce harmful waste, because the water released into nature after passing through the turbines undergoes no alteration.

WHAT ARE THE ENVIRONMENTAL BENEFITS GENERATED BY THE PROJECT?

It is estimated that mini-hydroelectric plants, thanks to revamping interventions, will have a total average annual production capacity of 2.868 MWh per year, which is equivalent to:

                  

Saving 1.233.240 kg of CO2 in the atmosphere every year

                  

Planting 123.324 trees, enough to cover an area of 629 soccer fields

                  

Avoiding the emissions of exhaust gases from 862 cars every year