Belgium's WDP to Solarize European Sites with EIB Debt Financing

Belgian logistics real estate specialist Warehouses De Pauw (WDP) will receive debt financing from the European Investment Bank (EIB) to install rooftop solar panels and EV chagrin stations at its logistics facilities in several European countries.

The initiative will be backed by a 10-year loan worth some EUR 250 million (USD 270.3m), the EIB said on Friday.

The fresh proceeds will be earmarked for green energy infrastructure projects in Belgium, the Netherlands and Romania. Specifically, WDP will mount photovoltaic (PV) panels atop its logistics centres and install more electric vehicle charging stations for its tenants at the facilities. Once in operation, the PV arrays will be able to generate up to 350 GWh of electricity annually, or enough to supply about 150,000 people in Europe.

Most of the output will be used for on-site operations at the facilities.

WDP, which develops and leases logistics properties across Europe, noted that the financing is aligned with its strategy to strengthen the supply chain of its customers with renewable-energy infrastructure and e-mobility solutions.