Belgian logistics real estate company Warehouses De Pauw (WDP) has secured debt financing from the European Investment Bank (EIB) to install rooftop solar panels and electric vehicle (EV) charging stations at its logistics facilities across Europe.
The EIB announced on Friday that it will provide a 10-year loan worth EUR 250 million (USD 270.3 million) to support these green energy infrastructure projects in Belgium, the Netherlands, and Romania.
WDP will use the funds to install photovoltaic (PV) panels on its logistics centers and to set up additional EV charging stations for its tenants. Once operational, the PV arrays are expected to generate up to 350 GWh of electricity annually, sufficient to supply around 150,000 people in Europe. Most of this output will be used for on-site operations at the logistics facilities.
WDP, which develops and leases logistics properties across Europe, stated that the financing aligns with its strategy to enhance its customers' supply chains with renewable energy infrastructure and e-mobility solutions.
