Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate has secured a €225 million framework loan from the European Investment Bank (EIB) to advance its plans to produce electricity from low-carbon sources through solar panels on the roofs of its logistic centres, alongside battery storage systems to enhance energy resilience. The rollout will be across several of its locations in Western and Central Europe.
KBC and the European Investment Bank continue their longstanding partnership with a new loan facility aimed at improving access to finance and supporting sustainability investments by small and medium-sized Belgian businesses. Through a €300 million EIB loan, which KBC will match with its own funds, €600 million in additional lending will become available for Belgian SMEs seeking to make their activities more environmentally sustainable. The €600 million facility comes on top of KBC’s regular business for Belgian companies and the final decision on loans awarded under this facility rests with KBC.
The European Investment Bank will support De Watergroep in rehabilitating and expanding its network of water supply infrastructure. Watergroep signed a €200 million loan today, as a first part of a €350 million lending availability for the coming five years. The EIB loan will fund nearly half of de Watergroep’s 2023-2028 investment programme, which focuses on renewing old pipes to minimise leakages, and extending the network by some 800 kilometres to serve new clients. The rehabilitation of the drinking water network will also allow Watergroep to better adapt to climate change risks such as more frequent and longer dry periods.