By Nigina Mirbabaeva
- EBRD lends 20 million to European EV charge point operator, Allego
- Investment to support construction of EV charging stations in Poland
- Project part of push to roll out electric mobility in Poland
The European Bank for Reconstruction and Development (EBRD) is lending 20 million to European charge point operator Allego to finance the construction of EV charging stations in Poland. The EBRD financing will enable Allego to benefit from support from the CEF-Transport Alternative Fuels Infrastructure Facility in decarbonising the Trans-European Transport Network.
Allego, which owns and operates 35,000 public charging ports in 16 European countries, will install and operate 200 light and heavy-duty EV charging points in 50 locations across Poland, as part of its expansion in European markets.
Accelerating the rollout of electric mobility, including electric vehicles, is key to meeting the European Union's decarbonisation targets for road transport, which is responsible for most of the transport sector's global CO2 emissions.
To enable the shift to electric vehicles, however, significant investment in charging infrastructure is needed. This is particularly true for Poland, which lags its EU peers in terms of EV penetration and availability of charging stations.
Allego is a European charge point owner and operator. It connects charging points to power grids, installs, maintains and operates them, and handles the smart charging and billing.
The EBRD is among the leading institutional investors in Poland. Since the start of its operations in the country in 1991, the Bank has invested more than 14 billion in 532 projects. Last year the Bank invested a record 1.3 billion in Poland.
