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    Reference: 20190752
    Release date: 22 April 2020

    Promoter – Financial Intermediary




    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.


    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    EUR 400 million

    Environmental aspects

    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.


    Approved - 11/06/2020


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Portugal Spain Transport