EIB invests €50m to deploy charging stations in Spain

The European Investment Bank is investing €50 million in Wenea to deploy over 470 charging stations for electric vehicles in Spain.

Thanks to the EIB support, Wenea will deploy over 470 fast and ultra-fast charging stations for electric vehicles across the country by the end of 2022. The charging infrastructure being deployed consists of over 470 charging stations with Kilowatt (kW) power of between 50kW and 150kW, enabling vehicles to charge between 60 per cent and 80 per cent of their battery in 20 minutes.

he majority of the charging stations will be located along Spanish motorways and major roads, including those of the Trans-European Transport Network (TEN-T). Roughly a quarter of these will be deployed in less populated areas of Spain to offer complete coverage to electric vehicles’ drivers.

Ricardo Mourinho Félix, EIB Vice-President, is responsible for the Bank's operations in Spain. He said: “Transport is the second-largest source of global greenhouse gas emissions and, therefore, the decarbonisation of this sector is key to achieving climate neutrality by 2050. A lack of EV charging points is one of the major deterrents to the adoption of electric vehicles. This is why, as the EU climate bank, we are delighted to back Wenea in this endeavour that will strengthen long-distance clean mobility and boost job creation in Spain, contributing to a sustainable and inclusive revival of the Spanish economy.”