The European Bank for Reconstruction and Development (EBRD) is extending a €20 million loan to Allego, a prominent European charge point operator, to facilitate the construction of EV charging stations in Poland.
The EBRD financing will allow Allego to benefit from support through the CEF-Transport Alternative Fuels Infrastructure Facility, aimed at decarbonizing the Trans-European Transport Network.
Allego’s Expansion and Charging Point Deployment
Allego, with an extensive network of 35,000 public charging ports across 16 European countries, is set to install and operate 200 light and heavy-duty EV charging points in 50 strategic locations throughout Poland.
This initiative forms part of Allego’s expansion strategy in European markets.
Addressing the Need for Charging Infrastructure
Accelerating the rollout of electric mobility, including electric vehicles, is crucial to achieving the European Union’s decarbonization targets for road transport. This sector contributes significantly to the global CO2 emissions from the transport sector.
However, a substantial investment in charging infrastructure is necessary to facilitate the widespread adoption of electric vehicles.
Poland, in particular, faces challenges in this area, lagging behind its EU counterparts in terms of both EV penetration and the availability of charging stations.
Allego’s Role in EV Charging
Allego plays a key role in the EV charging ecosystem, connecting charging points to power grids, overseeing their installation, maintenance, and operation, and managing smart charging and billing solutions.
EBRD’s Investment in Poland
The EBRD is recognized as one of the leading institutional investors in Poland. Since commencing operations in the country in 1991, the Bank has invested more than €14 billion in 532 projects. In the previous year alone, the Bank’s investment in Poland reached a record €1.3 billion.