Eni, from EC-CDP EUR100 million to Be Charge for charging network
Summary
(Alliance News) - The European Commission and Cassa Depositi e Prestiti Spa have allocated more than EUR100 million to Be Charge, a wholly owned subsidiary of Eni Spas Plenitude, to build one of the largest high-speed charging networks in Europe by 2025.The goal of the deal is to foster the development of infrastructure dedicated to electric mobility and accelerate the energy transition, as explained by Eni on Friday.In detail, CDP, as the national promotion institute, has granted a EUR50 million loan to which is added another EUR50.4 million non-repayable grant allocated by the European Commission for the creation of a network of more than 2,000 "ultra-fast" charging points with a minimum power of 150kW along the main European transport corridors in eight countries-Italy, Spain, France, Austria, Germany, Portugal, Slovenia and Greece.The European Commission grant was awarded last September by the European Climate, Infrastructure and Environment Executive Agency, within the Connecting Europe Facility and, specifically, under the Alternative Fuels Infrastructure Facility.CDP acted as the European Commissions implementing partner for Italy, confirming its role as a facilitator in accessing European programs and resources for Italian companies and as a financier supporting the development of transport infrastructure and sustainable mobility.Adina V?lean, European Commissioner for Transport, said, "With the Alternative Fuels Infrastructure Facility, we intend to support the rapid deployment of charging infrastructure. This will enable the market uptake of zero- and low-emission vehicles and ultimately make our climate goals a reality. Such an extensive network will further reassure consumers, encouraging them to charge their cars throughout the EU and thus promoting electric mobility. "Massimo Di Carlo, deputy general manager and business director of CDP, commented, "We are proud to have concluded this financing agreement in favor of Be Charges project to develop an efficient and sustainable transportation system and increasingly direct our commitment to the energy transition. "Enis stock is up 2.1 percent at EUR13.25 per share.Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.