Repsol will invest more than 42 million in 610 electric recharge points in Spain and Portugal

Repsol will invest 42.5 million euros in the installation of 610 public recharge public points at its service stations in Spain and Portugal, according to a com

Repsol will invest more than 42 million in 610 electric recharge points in Spain and Portugal

Repsol will invest 42.5 million euros in the installation of 610 public recharge public points at its service stations in Spain and Portugal, according to a company statement.

This investment is framed in the objective of the company to reach the 1,000 public recharge points at the end of 2022, one every 50 kilometers in the main road runners of the Iberian Peninsula, and of being carbon neutral for the year 2050.

The Institute of Official Credit (ICO) has participated in two financing operations to Repsol for a total amount of 40.7 million euros for the installation of the recharge points in the network of service stations that the multienergy company has in the Iberian Peninsula.

The 610 electrical recharge points, 18 ultra-fast (180 kilowatt) and 592 rapid (50 kilowatts), will be installed before the end of 2023 and will be located at 577 Repsol service stations in Spain and 33 from Portugal, in the Mediterranean runners and the Atlantic.

To this network you have to add the first recharge station for electric vehicles that incorporate energy storage from second life batteries in Spain, located at NI in Guipuzcoana town of Tolosa, and the first two ultra-fast recharge points of the peninsula Iberian, installed in 2019 at the service stations of Lopidana (Álava) and Ugaldebieta (Vizcaya).

Repsol has also requested state aid to access the Incentive Plan to the installation of Moves III recharge points with the aim of consolidating its multienergy offer in sustainable mobility.

For its part, this operation is carried out within the framework of the Connecting Europe Facility initiative (CEF) of the European Union, in which ICO acts, in collaboration with the Ministry of Transport, Mobility and Urban Agenda, as an accredited entity for the Channeling of projects from Spanish companies that contribute to energize the energy transition by increasing the efficiency in transport.

Thus, the CEF Transport Blending Facility program, as part of the CEF Connecting Europe facility instrument, promotes the participation of investors from the private sector and financial institutions in projects that contribute to environmental sustainability and the efficiency of the transport sector in Europe.

Updated Date: 08 November 2021, 17:51

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