Spain: EIB invests €50 million in Wenea to deploy over 470 charging stations
The EIB financing will support Wenea’s €100 million plan to increase long distance mobility in Spain, placing the company as a leading operator in the (ultra)fast segment in the country.
The European Investment Bank (EIB) and Wenea, via Nordian CPO, a company owned by Diggia Group that provides services for electric vehicles, are joining forces to strengthen long-distance and interurban electric mobility in Spain. The EU bank will provide €50 million to Wenea via Nordian CPO, enabling the Spanish company to carry out an investment of around €100 million to increase long distance mobility in Spain.
Particularly, Wenea will deploy over 470 fast and ultra-fast charging stations for electric vehicles across the country by the end of 2022, placing the company as a leading operator in Spain for fast and ultra-fast recharging, according to a press release.
The majority of the charging stations will be located along Spanish motorways and major roads, including those of the Trans-European Transport Network (TEN-T). An estimated 25% of these will be deployed in less populated areas of Spain (cohesion regions) to offer complete coverage to electric vehicles’ drivers. The charging infrastructure will feature a power capacity between 50kW and 150kW, enabling vehicles to charge between 60% and 80% of their battery in 20 minutes.
“We expect this operation with the EIB to be the first of many deployments that we intend to undertake in the European Union,” said CEO of Diggia Group, José Manuel Zorrilla.
The deployment will contribute to the implementation of the Spanish National Integrated Energy and Climate Plan 2021-2030 (PNIEC), which sets the target of having five million electric cars and light-duty vehicles in Spain by 2030, as well as to supporting the European Green Deal and Sustainable and Smart Mobility Strategy objective of deploying one million alternative fuel charging points in Europe by 2025.
