Romanian industrial and logistic developer, Element Industrial, and Slovakian sustainable energy solutions provider, TESLA Group, have signed at the end of August 2022 a long-term partnership in which TESLA will produce and operate photovoltaic energy on the rooftops of the ELI Parks projects.
The first project that will be fitted with photovoltaic panels will be ELI Park 4. The new 20,000 sqm building will be delivered in Bucharest during the second quarter of 2023.
“This partnership reflects our strategy to develop a sustainable portfolio that will allow our tenants to cover at least 30% of their consumptions from green energy with a direct positive impact on the total occupancy cost” Andrei Jerca, Managing Director of Element Industrial, said. He added: “It is also an important commitment from our side towards green, sustainable logistics that will generate long term value for both our investors and occupiers. Our strategy is built on focusing on our clients’ needs in terms of business predictability, lower occupancy cost, support of their growth strategy and developing true business communities in our industrial parks. Having all these in mind, our partnership with TESLA Group became natural as both companies are sharing the same business principles and approaches.”
“Through this partnership with Element Industrial, we are focusing on solar energy conceptual innovation for long-term sustainability, which is our key mission,” says Dušan Lichardus, Chairman of the Board at TESLA Group. He added: “We brought engineering teams of our both companies together, to optimize the construction of buildings for easy photovoltaic rooftop installation before their physical construction. This reduces the costs and time to construct a local power plant, bringing higher safety to the buildings and operational efficiency to the photovoltaic panels. The innovative design of this local rooftop mounted photovoltaic power plants combines unique features of SolarEdge inverter technology, with energy management system TESLA AMOS (Advanced Microgrid Optimization System), to deliver operational control on individual panel level, which brings higher production, lower OPEX, longer technological life and highest industrial safety standards to the asset owners.”
Element Industrial is one of the most dynamic players in the logistics sector, developing a series of projects under the ELI Parks brand. Element Industrial is currently developing a class A logistics park in the Bucharest North-West area, adjacent to the future A0 highway. The company will have by the end of 2022 a 100,000 sqm delivered portfolio in the area. The company also aims to have around 200,000 sqm delivered throughout the country by 2023, with new projects in Ploiesti, Bacau and Braila.
Element Industrial also offers an integrated package of built-to-suit services for production and storage facilities, starting from the identification of land suitable for such developments, authorization, design, and delivery according to the specific requirements for each project.
Element Industrial is a joint venture between Element Group, founded by Ionut Dumitrescu, and D Craig Real Estate, the real estate division of the investment fund D Craig Holding, controlled by Sacha Dragic. The CEO of D Craig Real Estate is Anca Damour.
The mission of TESLA Group is to bring people sustainable energy through new energy concepts. TESLA Group supports the development of renewable energy sources, contributes to the decentralization of energy, and helps people become less dependent on centralized energy, distribution, and transmission systems. Through its work TESLA Group aims at global zero emission and sustainability actions to help industries reach carbon neutrality targets.