Logistics investor Prologis has secured a €225 million framework loan from the European Investment Bank (EIB) to add photovoltaic systems and storage facilities to its projects across Central and Western Europe.
With rooftop solar, Prologis warehouses will reduce their carbon emissions and improve their energy security in case of possible blackouts. Furthermore, excess energy produced can be stored or sold to the grid.
The rollout is expected to be completed by 2026 in various EU countries, including Germany, Belgium, Italy, France, Spain, the Netherlands and Poland.
EIB Vice-President Robert de Groot said: “With this loan, the EIB supports Prologis in its efforts to become more sustainable and reduce its energy consumption.”
Prologis had $218 billion of assets under management as of Q3 2024 across the Americas, Europe and Asia. In Europe, the company has 1,138 buildings under lease.
