EIB Lends €250 Million To WDP For Solar Panels And EV Charging Stations

The European Investment Bank (EIB) is providing a €250 million loan to Belgium-based Warehouses De Pauw (WDP) to install rooftop solar panels and increase electric-vehicle charging stations for tenants. WDP, which develops and leases logistics properties across Europe, will use the loan to enhance its existing logistics centers primarily in Belgium, the Netherlands, and Romania. The loan term is up to 10 years.

This funding aligns with the EIB’s contribution to the REPowerEU plan, aiming to reduce Europe’s dependence on fossil-fuel imports. It will also help lower the carbon footprint of WDP and its clients. The new solar panels are projected to generate up to 350 gigawatt hours (GWh) of renewable electricity annually, equivalent to the consumption of 150,000 people in Europe. A substantial portion of this electricity will be used on-site, potentially increasing the value of the buildings.

“Loans like this are a win for the climate as well as for Europe’s energy independence,” stated EIB Vice-President Thomas Östros. “This project increases renewables production, breaking away from fossil fuels and lowering the EU’s reliance on energy imports.”

WDP Chief Financial Officer Mickael Van den Hauwe commented, “This financing will support the growth of our clean-energy investments across Western Europe and Romania. 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 decarbonisation of the supply chain.”

The initiative marks a significant step toward sustainable logistics and energy efficiency in Europe, reinforcing the EIB and WDP’s commitment to a greener future.