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Investors - AUGUST 31, 2020

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GLP announces 56% increase in solar power capacity in 2020

by Released

GLP announced that since the start of the year it increased its solar capacity by more than 56 percent, driven by China, which expanded its solar rooftop capacity by 113 percent. GLP’s investment in renewable energy infrastructure leverages and supports its core logistics real estate business and the company now has 1.5 million square meters (tk square feet) of rooftop solar panels globally, producing approximately 86 megawatts (MW).

In Brazil, GLP has opened the largest solar powered logistics facility in the country at GLP Louveira VII in São Paulo. The 26,700 square meters (tk square feet)  property is operated by a global logistics company and serves as a regional distribution center for one of the largest sporting companies in the world. The facility is designed specifically to help meet the customers’ sustainable emission reduction targets.

In China, GLP continues to replace fossil fuel energy with solar power, with approximately 34 MW capacity added to the

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