EIB backs Dutch EV charging points operator with EUR 40m

Author: ABB Bulgaria / All rights reserved.

December 13 (Renewables Now) - The European Investment Bank (EIB) will provide EUR 40 million (USD 45.4m) as quasi equity in growth financing to Dutch electric vehicles (EVs) charging stations operator Allego Holding BV.

The electro-mobility firm will use the funds when investing to extend the normal, fast and high power charging infrastructure that is installed and distributed across the European countries it operates in. At present, Allego operates almost 12,000 charging points and works in partnership with different sectors and industries.

The Dutch company is the developer of the pan-European MEGA-E (Metropolitan Greater Areas Electrified) project, the goal of which is to deploy ultra-fast charging locations in at least 10 European metropolitan areas. The European Commission awarded EUR 29 million to this project.

(EUR 1.0 = USD 1.134)

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription