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)