Belgium’s VGP unit gets €150 million loan from EIB for rooftop solar

By Mary-Katherine Stinson

Lexington, Ky., Dec. 19 – VGP NV’s wholly owned subsidiary VGP Renewable Energy NV secured a €150 million loan via the European Investment Bank to install rooftop solar panel installations across its portfolio of buildings in Europe, according to a press release.

The 10-year loan will contribute to accelerating the energy transition, strengthen the security of power supply and boost climate action, the company noted in the release.

The real estate developer is based in Belgium. VGP Renewable Energy was set up in 2020 by VGP, a Belgium-based European provider of logistics and semi-industrial real estate. Its purpose is to enable the green energy transition of VGP Group through the roll-out of photovoltaic installations on the roofs of VGP Parks.

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