21 December 2021, 7h00, Antwerp, Belgium: VGP NV (âVGPâ or âthe Groupâ), a European supplier of high quality logistics and semi-industrial real estate, will soon switch all its European offices to renewable energies, an agreement having been concluded with Scholt Energy BV, the independent energy supplier and ACT Commodities BV, the European energy trading house, to purchase 100% renewable electricity for all of its European offices.
The Virtual Power Purchase Agreement (VPPA) will provide power from VGP’s existing solar farm on the rooftops of VGP Park in Nijmegen, the Netherlands, to VGP offices across Europe . The Nijmegen VGP solar farm today has a combined power output of almost 4,400 megawatt hours in total, of which 2,100 megawatt hours are currently used by local tenants. Of the remaining production, around 450 megawatt hours will be allocated to VGP offices across Europe and the remainder is offered for purchase to Dutch businesses and households by Greenchoice, the green energy supplier.
This agreement covers the 20 VGP offices in 13 countries1. In addition, there are plans to include the new VGP offices in France and Serbia next year as well.
Chairman and CEO of VGP, Jan Van Geet, noted: “Like a world-class logistics real estate developer, we know that sustainable development is not just part of our business, it’s our business. From offer green leases to our new tenants, use circular building materials and eliminate unnecessary waste on our sites to support environmental projects through the VGP Foundation, we are continuously look 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 happy today to announce this partnership with Scholt Energy and add new European solar capacity via additional photovoltaic projects on the roofs of VGP Parks. As we welcome the European Green Deal, we are now asking our customers, colleagues, business partners and other companies to join us in switching to renewable energy – we are committed to do our own 100% renewable electricity generated on the roofs of the VGP Parks available to our tenants when possible and hope we can all together support this positive change.“
Rob van Gennip CEO of Scholt Energy, said: âDevelopers like VGP are a driving force in green energy transition and, with about the operational and real estate footprint of their clients, can help play a role in the fight against climate change through the supply of renewable energy sources. WWe are proud to support VGP in their renewable energy transition and to help make affordable, reliable and sustainable energy available in their offices across Europe. “
The operation will be performed for all VGP offices by January 1st 2022. For VGP offices in countries with existing Scholt Energy operations, the goal is to switch to new renewable energy contracts at the first contractual opportunity. Until then, ACT Commodities will provide VGP with local delivery of guarantees of origin for equivalent power consumption. Guarantees of origin will also be issued by ACT Commodities to VGP offices in countries where Scholt Energy cannot deliver energy directly.2.
As the solar farm on the roof of the VGP Nijmegen park is already operational, the supply of green energy can be established from 1 January.st 2022, however, as southern Europe benefits from higher solar radiation, it is planned to switch to delivery from rooftop photovoltaic installations of VGP parks in Italy, which are currently still in the design phase. .
CONTACT INFORMATION FOR INVESTORS AND MEDIA SURVEYS
(VP – Business Development and Investor Relations)
|Phone: +32 (0) 3 289 1433|
|Phone: +42 0 602 262 107|
|Phone. : +49 152 288 10363|
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 long-standing capabilities and expertise across the value chain. The company has a development land reserve (owned or committed) of 10.49 million mÂ² and the strategic focus is on the development of business parks. Founded in 1998 as a Belgian family real estate developer in the Czech Republic, VGP, with a workforce of around 350 employees, owns and operates assets in 12 European countries directly and through several 50:50 joint ventures. As of June 2021, VGP’s net asset value including 100% joint ventures was EUR 4.48 billion and the company had a net asset value (EPRA NTA) of 1.51 billion euros. VGP is listed on Euronext Brussels (ISIN: BE0003878957).
For more information, please visit: http://www.vgpparks.eu
1 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 supply energy directly to VGP offices in Belgium, the Netherlands, Germany and Austria
VGP – Pan-European Solar Energy Agreement 20211221