Left Menu
Development News Edition

EIB backs Allego Holding BV to support Europe's transition towards clean mobility

The financing of the EIB supports the upcoming investments in the extension of the normal, fast and high power charging infrastructure, installed and distributed over Allego’s countries of operation.


EIB backs Allego Holding BV to support Europe's transition towards clean mobility
Making EV charging stations more widely and easily available, will help fight climate change and air pollution.

The European Investment Bank has agreed to provide EUR 40 million as quasi-equity in growth financing to Allego Holding BV, a Dutch operator of charging stations for electric vehicles. The EIB loan benefits from the European Fund for Strategic Investments (EFSI), the central part of the Investment Plan for Europe, the Juncker Plan.

The financing of the EIB supports the upcoming investments in the extension of the normal, fast and high power charging infrastructure, installed and distributed over Allego's countries of operation. Making EV charging stations more widely and easily available, will help fight climate change and air pollution.

"Our support to Allego shows Europe's commitment to support the transition towards clean mobility," said EIB vice-president Ambroise Fayolle. "Not only have we financed research into electric vehicle propulsion, but we also support the EU's battery alliance by financing tangible projects. Financing making charging infrastructure more widely available is only logical in that sense. Allego is an independent, emerging electro-mobility infrastructure company, with a unique approach which we're happy to support."

"I congratulate Allego on seizing the financing opportunity offered by the Juncker Plan, after having already secured grants under the Connecting Europe Facility for the expansion of its networks of charging hubs. The shift towards low-emission mobility requires sustained investments, investments that match our ambitions, in order to develop innovative solutions for electro-mobility in Europe," added Violeta Bulc, EU Commissioner for Transport.

"We are very proud that the EIB supports our ambition to create an open and accessible EV charging market in Europe. Our charging solutions and EV Cloud services see to it that everyone can charge their car, irrespective of the brand they drive. We work towards a market in which the EV driver experience seamless cross-border mobility and has full freedom of choice to determine the source of energy, a way of payment and services he wants. The EIB joins us in this journey, says Anja van Niersen, CEO Allego."

Technically speaking, the EIB will make a 17-year quasi-equity investment to Opera Charging BV, a co-investment vehicle set up by Meridiam Investments, in favour of Allego Holding BV as final beneficiary. Allego ranks among the major international Charging Point Operators with nearly 12.000 charging points to date already in operation and works in partnership with different sectors and industries.

Allego is developing, and will implement through a dedicated project finance structure, the pan-European MEGA-E (Metropolitan Greater Areas Electrified) project, which aims to deploy ultra-fast charging locations in at least 10 European metropolitan areas. The project was awarded EUR 29 million from the European Commission as part of the Connecting Europe Facility (CEF) Blending Call.


TRENDING

OPINION/BLOG/INTERVIEW

Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

How to avoid fake universities and fishing bait like Farmington

As education sharks are roaming around to prey, we present a guide on how to mitigate hunters and reach to a genuine universityinstitute. In this era of commercialization of education, the fake universities and economic frauds in educationa...

Videos

Latest News

UPDATE 1-Soccer- Liverpool romping clear as City lose at United

Liverpool took a giant step towards their first title since 1990 on Saturday when their 3-0 win at Bournemouth combined with Manchester Uniteds 2-1 victory at Manchester City to leave the champions 14 points adrift of the Premier League lea...

UPDATE 1-Saudi suspect in U.S. Navy base attack linked to anti-U.S. Twitter screed

The Saudi airman accused of killing three people at a U.S. Navy base in Florida appeared to have posted criticism of U.S. wars and quoted slain al Qaeda leader Osama bin Laden on social media hours before the shooting spree, according to a ...

REUTERS SPORTS SCHEDULE AT 07:30 P.M. GMT/02:30 P.M. ET

Here are the top sports stories and upcoming coverage plans for Reuters text service as of 0730 p.m. GMT0230 p.m. ET. For a full schedule of news and events, go to our editorial calendar on Reuters Connect httpswww.reutersconnect.complannin...

UPDATE 11-United States and Iran swap prisoners in rare act of cooperation

The United States and Iran each freed a prisoner on Saturday in a rare act of cooperation between two longtime foes whose ties have worsened since President Donald Trump took office.Iran released Xiyue Wang, a U.S. citizen who had been held...

Give Feedback