Loan to accelerate CTP's solar plans
CTP has secured €200 million ($213 million) in financing from the European Investment Bank (EIB) to install solar panels across its European portfolio.
The listed European developer and manager has a 10.9 million sq m portfolio of industrial and logistics properties in Central & Eastern Europe, Germany, Austria and The Netherlands.
The 10-year unsecured loan will contribute to boosting solar PV capacity across the portfolio to 400MWp by 2026, from 38MWp at the end of 2022.
Peter Ceresnik, chief operating officer, CTP, said: “The European Investment Bank’s financing will accelerate our plans to maximize the solar potential of our portfolio and help us meet our medium-term goal of installing 400MWp by 2026.
“It will also help us achieve our longer-term vision for our parks to become energy positive, meaning they can produce and share excess renewable energy, benefitting not only our clients and the local communities where we operate, but also the planet.”