Real estate co CTP secures EUR 200m to back rooftop solar plans

Amsterdam-based industrial and logistics properties firm CTP NV (AMS:CTPNV) has secured EUR 200 million (USD 213.7m) from the European Investment Bank (EIB) to advance its large-scale programme for the installation of solar PV across its European business park portfolio.

The funds will come in the form of a 10-year unsecured loan and will support CTP’s medium-term goal of reaching 400 MWp of installed PV capacity on roof space by 2026, according to a statement released today.

CTP has a portfolio of 10.9 million square meters (117 million sq ft) of gross leasable area (GLA) across Central and Eastern Europe, with a growing focus on Western Europe. At the end of last year, it had 38 MWp of installed PV capacity on roof space and targets an additional 100 MWp during 2023.

The agreed loan is part of the EIB’s dedicated contribution to REPowerEU.

(EUR 1 = USD 1.068)

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