Enel X Mobility has negotiated a ten-year, EUR115m (US$131m) loan from the European Investment Bank (EIB) to install around 14,000 charging stations in Italy.
The stations will be set up during the next five years and the loan is guaranteed by Enel Spa, of which EUR50m has already been finalised.
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The EIB will support around 50% of Enel X Mobility’s total investment, with the transaction part of one of its main activity areas: financing projects which fight climate change in the areas of innovation and sustainable mobility.
Enel X’s National Programme, aims to provide the country with 7,000 charging points by 2020, to reach up to a total of 14,000 by the end of 2022, for a total investment of around EUR300m.
“We are firmly committed to giving Italy a decisive boost to developing a sustainable mobility system,” said Enel CEO, Francesco Starace. “Our plan is ambitious, and it is important to have the EIB on board to implement it.
“We will build a widespread and technologically advanced infrastructure, which will help increase the number of electric cars on the road in Italy and will significantly benefit the environment, the economic system, businesses and citizens, improving their daily lives, as well as travel and consumption habits.”
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By GlobalDataEnel X’s charging network will consist of Quick (22 kW) stations in urban areas as well as Fast (50 kW) and Ultra Fast (more than 150 kW) stations for fast recharging in extra-urban areas.
More than 60% of the stations will be installed in large metropolitan areas and other cities, while the rest will ensure initial nationwide coverage, to support medium and long travel, in suburban areas and on long-distance roads.
The latest infrastructure includes the charging stations of the EVA+ (Electric Vehicles Arteries) project, co-funded by the European Commission (EC), which envisages the installation, in three years, of 180 charging stations along Italian extra-urban routes, or the 46 sites of the E-VIA FLEX-E and Central European Ultra Charging projects, also co-funded by the EC.
These will provide high-power charging of electric vehicles with a range of more than 400 km, which will be on the market by the end of 2018.
To roll out the National Programme, Enel X is implementing agreements with municipal and regional administrations, institutions and businesses, to set up charging infrastructures in public or open-access private areas.
More than 350 municipalities have signed agreements with Enel X for the installation of charging infrastructure.
