As stated by the EIB, the project consists of the roll-out of photovoltaic installations on the roofs of the promoter's logistic centers in Central and Eastern EU (Czech Republic, Hungary, Romania, Slovakia) and other EU countries.
The roll-out of photovoltaic installations across the Promoter's logistic centres will allow for the production of electricity from low-carbon sources and thus contribute to the reduction of carbon emissions. The project will increase the renewable energy generation capacity across the Czech Republic, Hungary, Romania, Slovakia as well as other EU markets, hence contribute to national and EU climate objectives.
As stated by the EIB, VGP Renewable Energy N.V. was set up by VGP N.V., a European provider of logistics and semi-industrial real estate, in 2020. Its purpose is to enable the green energy transition of VGP Group and assist its clients in making their businesses more sustainable in a cost-effective way. The imminent target is to expand the roll-out of photovoltaic (PV) installations on the roofs of VGP Parks – by investing and operating such PV systems directly as owner, in cooperation with the company’s tenants. Ultimately the goal of VGP Renewable Energy is to capitalise, not only on the available roof space on VGP Parks but on the most current energy technologies available across the entire spectrum of renewable energy production and storage.
VGP is a pan-European owner, manager and developer of high-quality logistics and semi-industrial properties as well as a provider of renewable energy solutions. VGP has a fully integrated business model with extensive expertise and many years of experience along the entire value chain. VGP was founded in 1998 as a family-owned Belgian property developer in the Czech Republic and today operates with around 371 full-time employees in 17 European countries directly and through several 50:50 joint ventures. In June 2023, the gross asset value of VGP, including the 100% joint ventures, amounted to € 6.76 billion and the company had a net asset value (EPRA NTA) of € 2.2 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957).
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No project contacts provided at the time of disclosure.
Client - VGP N.V.:
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