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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Spain : € 50,000,000
Transport : € 50,000,000
Signature date(s)
17/12/2020 : € 50,000,000
Link to source

Summary sheet

Release date
14 October 2020
Status
Reference
Signed | 17/12/2020
20200273
Project name
Promoter - financial intermediary
PROJECT EVEREST (FM)
WENEA MOBILE ENERGY SL
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 101 million
Location
Sector(s)
Description
Objectives

The project consists of the implementation of an Electrical Vehicle (EV) fast and super-fast charging network in Spain's highway and major road network (mostly in the Trans-European Transport Network (TEN-T)). The Wenea EV network will cover the main roads of Spain's highways with one charging station about every 100 kilometres.

The project will contribute to accelerating the electrification of road transport in Spain and therefore contribute to achieving European decarbonisation objectives: -The project will prevent the emission of more than 30 000 tn of CO2 equivalent per year. -It will provide fast and super-fast charging network coverage for EV on the country's main roads, contributing to accelerating the EV adoption curve. -It will contribute to the EIB's objective of sustainable transport, decarbonisation and development of TEN-T infrastructure, thereby supporting EU policy objectives. The project is fully aligned with the European Commission's sustainable transport and low-emission mobility policies.

Environmental aspects
Procurement

The project components consist of short connections to the distribution grid networks and the respective charging stations. They are expected to have limited environmental impact, which will typically be related to noise nuisance and works-related activities during construction. After completion, no environmental impact is expected from the operation of the stations. Electrical vehicle (EV) charging infrastructure in itself is not subject to an environmental impact assessment (EIA). However, the building of greenfield locations where the EV infrastructure is installed and/or connections to the grid may be screened in under Annex II of the EIA Directive. The Bank will require in those cases to be informed of the screening decision from the Competent Authority. The project is expected to have a positive effect on the environment as it will power electric vehicles with no emissions of pollutants and hence will contribute to meeting air quality standards as set out by the EU and the World Health Organization. The project will also contribute to reducing road transport noise pollution as EVs are quieter than vehicles with internal combustion engines. Finally, the project will have a significant impact on CO2 emissions reduction that will result from the replacement of vehicles operating on fossil fuels with electric cars powered by less carbon intensive electricity. No major social issues are envisaged.

The Promoter has been assessed by the EIB as being a private company and hence not subject to EU rules on public procurement or concessions.

Comments

WENEA MOBILE ENERGY SL is part of DIGGIA GROUP.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - PROJECT EVEREST (FM)
Publication Date
14 Nov 2020
Document language
Main Topic
Lending
Document Number
131599433
Document Focus
Environmental Information
Project Number
20200273
Sector(s)
Regions
Countries
Publicly available
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