CTP receives €200 million EIB loan to deploy solar panels

September 19, 2023
Facebook
Twitter
LinkedIn
Reddit
Email
CTP’s first solar installations, on the roof of its buildings in Hungary, had a combined capacity of 500kW. Image: CTP.

Czechia-headquartered building manager CTP has secured a €200 million (US$214 million) loan from the European Investment Bank (EIB) to support its deployment of solar modules across its portfolio of business parks.

CTP owns and operates around 11 million square metres of warehouse and industrial space across ten European countries, and plans to use the EIB funding to expand the capacity of solar power installations at these facilities. The company installed its first solar panels at its sites in Hungary in January 2022, and by the end of that year, solar panels installed at its buildings had a power capacity of 38MWp.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

While the company did not announce which solar modules it would use across its portfolio, or where the first of this round of solar projects would be built, the loan will make a significant contribution to realising CTP’s long-term clean energy goals. CTP plans to add an additional 100MWp of solar capacity this year, and is aiming to expand its total solar capacity to 400MWp by the end of 2026.

“The backing of the EIB is testament to the robust business strategy we have in place to deliver on the large-scale installation of solar PV across our portfolio, and allows us to obtain long-term unsecured financing at attractive conditions with all in cost of 4.5%,” said Richard Wilkinson, group chief financial officer at CTP.

“Sustainable financing is the way forward, and we are proud to add the EIB as a new financial partner in this.”

The funding is part of the EIB’s contribution to its REPowerEU programme, an ambitious plan to invest €45 billion into clean energy projects between July this year and 2027. Europe has considerable ambitions for its solar sector, with trade body SolarPower Europe reporting that, based on the renewable targets published by individual countries, the continent is aiming to have installed 425GW of solar capacity by the end of the decade, up from 208GW installed currently.

However, there are concerns about Europe’s ability to reach these targets, with SolarPower Europe calling for protection from collapsing solar power prices for European manufacturers last week.

Read Next

Premium
October 21, 2025
PV Tech Premium spoke with academic and industry experts about the rising tide of cybersecurity concerns in Europe's solar energy sector.
October 21, 2025
Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.
October 21, 2025
Luminous Robotics has successfully completed its first international deployment of AI-powered solar installation robots at Engie’s 250MW Goorambat East Solar Farm in Victoria, Australia.
October 20, 2025
Bahrainian authorities are inviting initial proposals from developers to build a 100MW solar project in the country, due for commercial operation by September 2027.
October 14, 2025
German IPP wpd has started construction at its 140.6MW Marcy solar park in the Nièvre department of central France.
October 14, 2025
Apple will support 650MW of projects as part of a major expansion of its renewable energy investments in Europe, aimed at reducing its carbon footprint.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK