Industrial developer WDP has secured a 250 million euro 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, according to Propetry Forum.

“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.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.