Prologis, Inc., the global leader in logistics real estate, has obtained a €225 million framework loan from the European Investment Bank (EIB) to install solar panels and battery storage systems at its logistics centres across Western and Central Europe. The initiative aims to produce low-carbon electricity, enhance energy resilience, and align with the EU's REPowerEU objectives. The project, covering locations in Germany, Belgium, Italy, France, Spain, the Netherlands, and Poland, is expected to reduce CO2 emissions and improve energy security. Excess energy will be stored or sold to the grid, with project completion targeted for 2026. EIB Vice-President Robert de Groot emphasised the importance of the partnership in fostering sustainable energy solutions. Prologis' SVP Christian Nickels-Teske highlighted the alignment of the initiative with the company's goal of achieving net zero emissions by 2040. The EIB, the EU's financial institution, has been instrumental in advancing sustainable investments, with over €2.1 billion allocated to Belgian projects in 2023 alone. Attribution: EIB Subediting: M. S. Salama
