ENERGY STORAGE

Montea to invest €30m in BESS at sites in Belgium & the Netherlands

June 11, 2024

Logistics real estate investor Montea is to invest a total of €30 million in battery energy storage systems (BESS) at sites in Belgium and the Netherlands.

The company will invest a total of €17.5 million in BESS at 14 of its sites in Belgium, with a further €12.5 million earmarked for potentially seven sites in the Netherlands in the “near future”.

The stored energy will be used to light, heat and cool the logistics platforms, as well as to power electric vehicles.

By the end of the year, Montea will have a total capacity of 87 MWp of solar panels on its properties’ rooftops. A total of 14 of the company’s properties in Belgium – about half of the portfolio in the country – will be equipped with their own energy storage system by the end of this year. This will equate to a total storage capacity of 35 MWh.

Montea said it expects to achieve a 12 per cent return on this €30 million investment.

Dirk Van Buggenhout, chief sustainability officer at Montea, said: “Our logistics centers are already a leading force in sustainability. By installing battery energy storage systems, we can supply more energy to our customers and help stabilize the grid. This investment is fully aligned with Montea’s strategy to champion a future-oriented, climate-friendly business.”