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Large investment in solar energy as Evolv and Budbee complete three new logistics terminals

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Evolv and Budbee are stepping up investments in sustainable logistics facilities with, among other things, solar panels from LUMA Energy. In the fall of 2022, three new modern and efficient terminals will be completed in Almnäs Logistikpark in Södertälje municipality, Stigamo Logistikpark just south of Jönköping (in Vaggeryd’s municipality) and at Landvetter Airport just east of Gothenburg (in Härryda municipality).

- We are very satisfied with our collaboration with Evolv. As we work actively with green deliveries, it is important that our terminals are powered by renewable electricity from solar panels and we are proud to see this included in our new terminals, says Pontus Håstlund, Nordic General Manager at Budbee.

In total, the solar panels will cover a rooftop area equal to the size of one and a half football fields. With a capacity approximately 1.4 megawatts, the solar panels will produce as much electricity as the logistics facilities are expected to consume.

- We develop and manage modern logistics properties with large flat roofs. Adding solar panels creates value on many fronts, both financial and environmental but also in terms of energy security. Budbee has an ambitious sustainability agenda that fully aligns with our goals, for example that all new production projects shall have environmental certification and on-site solar energy, says Lars Axelsson, Head of Evolv and Partner at Slättö.

LUMA Energy has provided several of Evolv’s properties with solar panels and more photovoltaic projects are being planned.

- We are happy and proud to collaborate with Evolv and Budbee, who together contribute to a more renewable future by producing their own electricity using solar panels. Evolv is a conscious property owner who actively works with sustainability and innovation and is growing fast. It is exciting to follow, and be a part of, their journey, says Hugo Larsson, Vice President and co-founder of Luma Energy.

About Budbee
Founded in 2016, Budbee is a Sweden-based tech company with the mission to make online shopping easier. Charged with a self-learning system and bespoke algorithms, Budbee reaches millions of people in Sweden, Finland, Denmark, Belgium, and the Netherlands with Box and Home deliveries, using bikes, electrical vehicles, and biofuels. Budbee's services are used by e-commerce companies like ASOS, Zalando, Inditex and H&M. Backed by Kinnevik, Stena Sessan and AMF among others, Budbee is on track to become the leading European e-commerce platform. Always with the customer at heart.

About Evolv
Evolv is a real estate company focused on development and active ownership of logistics and industry assets. Evolv is part of Slättö and has a real estate portfolio of about 40 commercial assets based in the Greater Stockholm region, Western and Southern Sweden, and Finland.

About Slättö
Slättö is a partner-owned manager of alternative investment funds with focus on investments in Nordic real estate. The funds collectively manage assets of SEK +16 bn. Since inception in 2013, the firm has, with a strong track record, raised eight funds and executed more than 100 transactions with a total transaction value of SEK +30 bn.

About LUMA Energy
LUMA Energy has for several years led the development of the pv market for commercial properties in Sweden. LUMA transforms properties into active players in the electricity market and helps property owners reduce costs, increase revenue and achieve green certification with renewable electricity

For further information, please contact:
Lars Axelsson, Head of Evolv and Partner at Slättö
Tel: +46 70 205 91 32
E-mail: lars.axelsson@evolvproperty.se

Hugo Larsson, vVD, LUMA Energy
Tel: +46 76 800 20 81
E-mail: hugo.larsson@luma.energy

For coordination, please contact:
Annachiara Torciano, Head of ESG and Communications
Tel: +46 76 696 25 88
E-mail: annachiara.torciano@slatto.se