The European Investment Bank (EIB) has granted a €150 million loan to Cepsa to install over 1 800 ultra-fast charging stations for electric vehicles across Spain and Portugal service stations. The project is part of Cepsa's strategy to install ultra-fast chargers in its service stations during this decade.
This financing arrangement promotes the electrification and decarbonization of the road mobility and the transition to a more sustainable model. It also supports Cepsa’s decarbonisation strategy “Positive Motion”.
“This loan is just one more piece of evidence of the EIB’s commitment to sustainable mobility — of which electrification and decarbonisation of road transport are a crucial part. Developing universally accessible electric charging infrastructure is key to accelerate our transition towards electric vehicles and reduce emissions in a sector vital to reaching carbon neutrality in the European Union.
To achieve these objectives, a strong cooperation with companies that are committed to decarbonisation is essential,” stated EIB Vice-President Ricardo Mourinho Félix at the signing ceremony in Madrid.
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