Summary sheet
The project concerns a programme loan for the roll-out of electric vehicle (EV) charging stations and associated infrastructure in Spain and Portugal. The project will be undertaken by multiple promoters and will contribute to accelerate the electrification of road transport, thereby contributing towards achieving European decarbonization objectives.
This operation will support the borrowers' plans for installing of infrastructure for electric vehicle mobility across Spain, contributing to the electrification of transport. The availability of suitable infrastructure for electric vehicles is critical for the popularisation of electric vehicles.
The operation is expected to generate substantial environmental economic benefits in terms of reduced air pollution (Nitrogen Oxides, Particle Matter) and reduced greenhouse gas emissions and noise.
The project will also contribute to support the development of the electric charging equipment and automotive industry, and related suppliers through the accelerated deployment of EV infrastructure and associated EVs. The EVC network will infer additional flexibility to the power system and include renewable energy as a growing source for transport under vertical integration strategies.