LUSA 07/25/2024

Lusa - Business News - Portugal: Mota-Engil Renewing aims to have 7,500 EV charging points by 2028

Lisbob, July 24, 2024 (Lusa) - ME Renewing-Cleantech aims to have 7,500 charging points in the Portuguese, Spanish and Polish markets by 2028, of which 2,500 in Portugal, the Mota-Engil Group company announced on Wednesday.

As part of this growth, which includes 3,500 charging points in Poland and 1,500 in Spain by 2028, the Mota-Engil Group's cleantech management aims to ‘affirm the company as one of the market leaders in the electric mobility sector’, the company said in a statement.

Without giving details of the investment planned for the 7,500 charging points, ME Renewing explained that its mission is to accelerate the energy transition and decarbonisation of companies, industry and urban centres, and to design, finance and explore sustainable and innovative solutions in the area of mobility, to reduce the carbon footprint.

Following its expansion strategy in Portugal, ME Renewing will inaugurate a new multi-power charging hub for electric vehicles in the Algarve, at the Aquashow Water Park in Quarteira, in the district of Faro, the Mota-Engil group company also announced.

With this investment, ME Renewing ‘reinforces the offer of electric charging stations in this region of the country, which now has two more normal charging points (22kw), two fast (60kw) and two ultra-fast (120 kw)’.

In Portugal, ME Renewing's network of charging stations for electric vehicles has 234 active charging points, 108 under construction, 102 in the pipeline and 110 in the advanced negotiation phase.

The company expects to have around 500 active charging points by the end of this year and around 300 in the pipeline.

ME-Renewing plans to expand its activity to other European markets and Latin America. The European Union has approved funding totalling €1.16 million for the ‘Expansion of Portugal's Electric Charging Infrastructure’ project, which includes the installation of 41 150 kW charging points in 13 locations in Portugal.

EA/ADB // ADB.

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