VGP NV: Announces Pan-European Corporate Solar Energy Deal to Power All VGP Offices With 100% Renewable Electricity
December 21 2021 - 1:00AM
VGP NV: Announces Pan-European Corporate Solar Energy Deal to Power
All VGP Offices With 100% Renewable Electricity
21 December
2021, 7:00am, Antwerp, Belgium: VGP NV (‘VGP’ or
‘the Group’), a European provider of high-quality logistics and
semi-industrial real estate, will soon switch all its European
office locations to renewable energy as an agreement was reached
with Scholt Energy B.V., the independent energy supplier, and ACT
Commodities B.V., the European energy trading house, to purchase
100% renewable electricity for all its European office
locations.
The Virtual Power Purchase Agreement (VPPA) will
provide power supplied from VGP’s existing solar farm on the roofs
of VGP Park Nijmegen, Netherlands, to VGP offices across Europe.
The solar farm at VGP Park Nijmegen today has a combined power
output of almost 4,400 megawatt hours in total of which 2,100
megawatt hour is currently being utilised by local tenants. Of the
remaining output circa 450 megawatt hours will be allocated to
VGP’s offices across Europe and the rest is offered for purchase to
Dutch companies and households by Greenchoice, the green energy
provider.
This agreement covers VGP’s 20 offices across 13
countries1. Additionally, it is envisaged to include VGP’s new
offices in France and Serbia next year also.
VGP’s Chief Executive Officer, Jan
Van Geet, said: “As a developer of prime
logistics real estate, we know that sustainability is not just part
of our business, it is our business. From offering green leases to
our new tenants, making use of circular building materials and
eliminating unnecessary waste at our building sites to supporting
environmental projects through VGP Foundation, we are continuously
looking for ways to reduce our environmental impact and aiming to
ultimately have a net positive effect.”
Jan Van Geet concluded: “This is why we are very excited today
to announce this partnership with Scholt Energy and to add new
European solar capacity through additional photovoltaic projects on
the roofs of VGP Parks. As we welcome the European Green Deal, we
now ask our customers, colleagues, business partners and fellow
companies to join us in shifting towards renewable power – we are
committed to making our own 100% renewable electricity generated on
roofs of VGP Parks available to our tenants where this is feasible
and hope that we all together can support this positive
change.”
Rob van Gennip CEO at Scholt
Energy, said: “Developers like VGP are a driving force in the green
energy transition and, with regards to the operational and real
estate footprint of their clients, can help play a part in
combatting climate change through the offering of renewable energy
sources. We are proud to be supporting VGP in their renewable
energy transition and to help make affordable, reliable and
sustainable energy available to their offices across Europe.”
The operation will be effectuated for all VGP
offices by January 1st 2022. For the VGP offices in those countries
with existing Scholt Energy operations it is the aim to switch to
the new renewable energy contracts by the earliest contractual
opportunity. Until this time ACT Commodities will provide VGP with
the local delivery of Guarantees of Origin for the equivalent power
consumption. Guarantees of Origin will also be delivered by ACT
Commodities to the VGP offices in those countries in which Scholt
Energy cannot deliver energy directly2.
As the solar farm on the roof of VGP Park
Nijmegen is already operational the green energy supply can be
established as of January 1st 2022, however as Southern Europe
enjoys higher solar irradiation, the plan is to switch to delivery
from photovoltaic installations on roofs of VGP Parks in Italy
which are currently still in design phase.
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
Anette NachbarBrunswick Group |
Tel: +49 152 288 10363 |
ABOUT VGP
VGP is a pan-European developer, manager and
owner of high-quality logistics and semi-industrial real estate.
VGP operates a fully integrated business model with capabilities
and longstanding expertise across the value chain. The company has
a development land bank (owned or committed) of 10.49 million m²
and the strategic focus is on the development of business parks.
Founded in 1998 as a Belgian family-owned real estate developer in
the Czech Republic, VGP with a staff of circa 350 employees owns
and operates assets in 12 European countries directly and through
several 50:50 joint ventures. As of June 2021, the Gross Asset
Value of VGP, including the joint ventures at 100%, amounted to €
4.48 billion and the company had a Net Asset Value (EPRA NTA) of €
1.51 billion. VGP is listed on Euronext Brussels (ISIN:
BE0003878957).
For more information, please visit:
http://www.vgpparks.eu
1 The offices in the following countries are covered: Belgium
(HQ), Germany, Spain, Czech Republic, Romania, Luxembourg (VGP
Asset Management), Hungary, Slovakia, Portugal, Italy, Latvia,
Netherlands and Austria 2 Scholt Energy is expected to deliver
energy directly to VGP offices in Belgium, Netherlands, Germany and
Austria
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