News Article Budapest CTP development green Hungary industrial logistics solar sustainability
by Property Forum | Industrial

CTP has started the construction of solar power plants across its entire portfolio, with the first phase of 6 buildings to be installed in Biatorbágy and Üllő, both located in the outskirts of Budapest.  The plants, each with a capacity of 500 kW, are scheduled to start operations in the first quarter of 2022, aiming to meet tenants' green energy needs while reducing energy costs. The project will be carried out by local contractors and will be developed by CTP as its own investment, entirely from its own resources.

The company is committed to sustainability and the widest possible application of green solutions. With a fully BREEAM-certified portfolio, the company has previously set a goal of owning one square meter of forest for every square meter of building, restoring and protecting the natural biodiversity of the forests, and installing solar panels across its entire portfolio. With this in mind, CTP has started the construction of 6 solar power plants for its buildings, each covering an area of 4-5000 square meters and capable of generating 500 kW.

"Sustainable development and operation are a top priority for CTP. We have hundreds of thousands of square meters of free roof space in our local portfolio, so it was clear to us that we wanted to use this space for solar power plants. This is our first investment of this kind, and our aim is to use the roof space of all our buildings for solar panels and to own sufficient forested land at the group level to achieve our goal. Green thinking is important for our tenants as well, who are increasingly demanding sustainable solutions that are in line with our company's strategic goals," said Dávid Huszlicska, Country Manager of CTP Hungary.