Enel receives loan from European Investment Bank


The Italian energy provider Enel has received a 115 million euro EIB loan for their plan to set up around 14,000 EV charging stations in all of Italy.

The EIB has granted a ten year loan to the e-mobility initiative, exclusively to finance the charging infrastructure expansion. The energy company is following a national energy grid infrastructure program, which plans to install a first wave of 7,000 charging stations by the end of 2020, and the full amount of 14,000 stations will be installed by the end of 2022. The total investment cost will run around 300 million euros. So far more than 350 communities have struck agreements with Enel X for the installation of charging infrastructure.

More recently, Enel made an agreement with the Italian port association Assoporti to install 300 publicly accessible charging stations as well as an agreement with IONITY to install 20 HPC parks in Italy. Both projects are integrated into the ambitious charging infrastructure initiative by the company.

Enel belongs to the circle of large, globally operating energy companies who were early adopters for the incoming e-mobility changes. In October 2017, Enel purchased the Californian infrastructure specialist eMotorWerks via their US subsidiary EnerNOC. The take-over marked Enel’s entry into the US e-mobility market. The company has also been active on the European side, and is working on a pilot project for bi-directional charging in the Netherlands with NewMotion, TenneT and Mitsubishi, as well as the E-VIA FLEX-E consortium that is planning to install a HPC charging network in three southern European nations.

renewablesnow.com, renewableenergymagazine.com, enel.com



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