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Iberdrola | bp pulse secures up to €230 million financing to expand high‑power EV charging network in Spain and Portugal
Iberdrola | bp pulse has closed a bank financing of roughly €130 million, with the option to increase the amount to €230 million. The club‑deal was arranged with ING, Rabobank, the Instituto de Crédito Oficial (ICO) and Kutxabank and is described by the company as the largest financing ever for e‑mobility in the Iberian Peninsula.
The funding will be used to accelerate the rollout of high‑power public charging stations across Spain and Portugal over the next three to five years. Iberdrola | bp pulse already operates more than 2,500 high‑power charging points in the two countries, deployed in less than three years since the joint venture was created. All electricity supplied at the stations is guaranteed to be 100 % renewable, supporting the decarbonisation of transport.
CFO Roberto Cocina said the financing provides the flexibility and capital structure needed to execute the business plan, while CEO Pablo Pirles highlighted that it will enable continued investment in strategic locations, advanced technology and service quality.
Entities
ING · Iberdrola · Iberdrola | bp pulse · Pablo Pirles · Rabobank · Roberto Cocina · bp pulse
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 5 SOURCES] Iberdrola | bp pulse secured bank financing of about €130 million, with an option to increase it to €230 million. runnerbox.es · www.ambientemagazine.com · www.cantabriaeconomica.com · cronicadecantabria.com · jornaleconomico.sapo.pt
- [● 3 SOURCES] The financing was arranged through a club deal involving ING, Rabobank, the Instituto de Crédito Oficial (ICO) and Kutxabank. www.ambientemagazine.com · cronicadecantabria.com · jornaleconomico.sapo.pt
- [● 3 SOURCES] CEO Pablo Pirles said the financing will allow continued investment in strategic locations, advanced technology and service quality. www.ambientemagazine.com · cronicadecantabria.com · jornaleconomico.sapo.pt
- [● 3 SOURCES] All electricity supplied at the charging stations is guaranteed to be 100 % renewable with origin certification. www.ambientemagazine.com · cronicadecantabria.com · jornaleconomico.sapo.pt
- [● 3 SOURCES] CFO Roberto Cocina said the financing provides flexibility and capital structure to execute the business plan. www.ambientemagazine.com · cronicadecantabria.com · jornaleconomico.sapo.pt
- [● 3 SOURCES] Iberdrola | bp pulse operates more than 2,500 high‑power public charging points across Spain and Portugal, deployed in less than three years. www.ambientemagazine.com · cronicadecantabria.com · jornaleconomico.sapo.pt
- [● 3 SOURCES] The funds will be used to expand the high‑power public EV charging network in Spain and Portugal over the next three to five years. www.ambientemagazine.com · cronicadecantabria.com · jornaleconomico.sapo.pt