European industrial real estate manager CTP is investing €57m to construct the first phase of the project in the Czech Republic for Hitachi Energy.
The listed developer will build the 50,000sqm factory at CTPark Brno to manufacture gas-insulated lines and switchgear components for its long-time partner, Hitachi Energy.
CTP said it also plans to develop an adjacent campus to provide new opportunities for employees and attract visitors to the park after the Hitachi Energy factory completes.
Pavel Kovář, country managing director at Hitachi Energy for the Czech Republic and Slovakia, said: ”Our factory in Brno is one example of our commitment to rapidly expand our global capacity to meet the accelerating demand generated by the transition to clean energy.
“This project in CTPark Brno will provide us with ideal background for production of our eco-efficient EconiQ portfolio, which eliminates the use of sulfur hexafluoride, the most potent greenhouse gas, from high-voltage equipment. Our investment of over CZK1.1bn (€44m) will increase production capacity and address the growing demand for sustainable energy solutions.”
Michal Dospěl, regional construction director of CTP, said: ”We are very pleased to be able to deliver this ambitious project for our long-standing partner Hitachi Energy. This state-of-the-art, high-tech facility being built at CTPark Brno is an example of our commitment to sustainability and innovation.
“We believe that the project will contribute to the further development of our park and will provide our clients and employees not only with a state-of-the-art working environment, but also support for their growth and development.”
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