Industrial developer WDP has secured a €250 million loan from the European Investment Bank (EIB) for investments in photovoltaic systems and electric vehicle charging stations across its portfolio.
The investments will target WDP’s logistics projects based in Belgium, the Netherlands and Romania.
The lender said the financing is part of the EIB’s contribution to the REPowerEU plan to end Europe’s dependence on fossil-fuel imports. It will also reduce the carbon footprint of WDP and its clients.
“This financing will support the growth of our clean-energy investments across western Europe and Romania,” said WDP’s CFO Mickael Van den Hauwe. “Moreover, it is a recognition of our mission to strengthen the supply chain of our customers with renewable-energy infrastructure and our efforts to e-mobility and decarbonization of the supply chain.”
The new solar panels will generate up to 350 gigawatt hours (GWh) of renewable electricity annually. A significant part of the electricity will be used on-site, and the energy upgrades stand to increase the value of the buildings.
WDP’s existing logistics portfolio spans over 7 million sqm in more than 300 sites spread across six countries.
