CTP Secures €200M Loan to Double Solar Capacity to 400 MWp by 2026
CTP, a leading European I&L property developer, has secured a substantial €200 million loan from the European Investment Bank (EIB) for solar deployment. This backing, according to Richard Wilkinson, CFO of CTP, is a testament to the company's robust business strategy in the solar PV installation sector.
CTP plans to utilise this funding to nearly double its solar capacity to 400 MWp by 2026. This year alone, CTP aims to add 100 MWp, bringing its total to 138 MWp by the end of 2023. The company's ambitious expansion plans also include almost doubling its portfolio of industrial parks to 20 million sqm by the end of the decade, across key markets like Germany, the Netherlands, Italy, and the United Kingdom.
Lilyana Pavlova, Vice-President of EIB, highlighted the loan's role in facilitating countries' transition away from fossil fuels and lowering electricity prices. CTP, in line with this, sees renewable energy deployment as a means to boost climate action and energy transition in local regions. In the long term, CTP aims to establish completely energy-independent industrial parks.
CTP's €200 million loan from the EIB will support the company's expansion in the solar PV installation sector, with plans to reach 400 MWp of solar capacity by 2026. This investment aligns with CTP's broader strategy to nearly double its portfolio of industrial parks and establish energy-independent parks, contributing to regional climate action and energy transition.
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