Solar roof in Portugal offsets energy consumption for tenant

In 2020, W. P. Carey completed a warehouse expansion for its tenant, Sonae MC. In designing and building the new expansion, the ambition was to build a warehouse that both improved the tenant’s logistics operations and also reduced its carbon footprint as much as possible. Upon completion, the expansion was certified LEED Gold and featured 7,000 solar panels on the rooftop – generating an estimated 4,000MWh annually. This covers approximately 30% of the electricity consumption required for the property.