European Commission and CDP to construct high-speed electric charging networks in Europe

The European Commission and the Italian Cassa Depositi e Prestiti (CDP) have allocated more than 100 million euro to Be Charge, a company wholly owned by Plenitude (Eni), for the construction of one of the largest high-speed charging networks in Europe by 2025. The transaction’s objective is to encourage the development of infrastructure dedicated to electric mobility and accelerate the energy transition.

In detail, CDP, as the national promotion institution, has granted a loan of 50 million euro, to which another non-repayable 50.4 million euro is to be added, allocated by the European Commission to construct a network of over 2,000 “ultra-fast” charging points, with a minimum power of 150 kW along the main European transport corridors of eight countries: Italy, Spain, France, Austria, Germany, Portugal, Slovenia, and Greece.

The European Commission’s contribution was awarded last September by the European Climate, Infrastructure and Environment Executive Agency (CINEA) within the Connecting Europe Facility (CEF) and precisely within the framework of the Alternative Fuels Infrastructure Facility. Cassa Depositi e Prestiti acted as an executive partner of the European Commission (implementing partner) for Italy, confirming its role as a facilitator in accessing European programmes and resources for Italian companies and as a lender supporting the development of transport infrastructure and sustainable mobility.

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