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March 4, 2020

Enel X reaches AMBRA-Electrify financial close

Enel X has reached full financial close for the AMBRA-Electrify Europe (AMBRA-E) project, which envisages installation of electric vehicle charging stations in Italy, Spain and Romania.

By Rhodri Morgan

Enel X has reached full financial close for the AMBRA-Electrify Europe (AMBRA-E) project, which envisages installation of electric vehicle charging stations in Italy, Spain and Romania.

The project is co-financed by the European Commission’s Innovation and Networks Executive Agency (INEA), through its Connecting Europe Facility (CEF) programme and the European Investment Bank (EIB), as well as through Enel X’s own resources.

The AMBRA-E project, coordinated by Enel X and implemented by its Italian, Spanish and Romanian local companies, involves the deployment of more than 3,000 EV charging stations, specifically along seven Trans-European Transport Network (TEN-T) Core Network Corridors. It is expected to be completed by 2022.

The charging stations will become part of Enel X’s public charging infrastructure network in Italy, Spain and Romania and will include Quick (up to 22 kW AC), Fast (up to 50 kW DC each) and Ultra-Fast charging points (up to 350 kW DC each).

The whole network will be accessible to registered users through Enel X’s Juice Pass app or Enel X’s interoperability partners apps and to non-registered users via ad hoc payments. The AMBRA-E project aims to reduce the charging times required for long distance trips through Italy, Spain and Romania.

The European Commission selected the AMBRA-E project in the 2017 CEF Blending Call, which combines different funding instruments with the aim to maximise private involvement and capital in favour of clean transportation initiatives minimising dependence on oil and mitigating the environmental impact of transport.

The project envisages a total investment of EUR70.75m (US$79m), whose financing includes EUR14.15m from a grant provided by the European Commission through INEA, starting the deployment of standardised charging points accessible to all EV users and bridging the electric mobility technology adoption gap between EU Member States.

In addition, part of the EUR115m loan signed with the European Investment Bank (EIB) in 2018 for the deployment of up to 28,000 public charging points throughout Italy by 2022, will be employed in the project.

Enel X is Enel’s global business line dedicated to the development of products and digital solutions in sectors where energy is showing the greatest potential for transformation: cities, homes, industries and electric mobility.

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