KfW Ipex-Bank, SMBC, Société Générale, ABN Amro, and Investec are providing electricity charging provider Eliso GmbH with a €130 million (US$138 million) project finance package to support the construction of high power charging (HPC) infrastructure for electric vehicles across Germany.

The financing conforms to the Green Loan Principles under the category of “clean transportation”.

Eliso, fully owned and run by Vinci Concessions Deutschland, has been awarded three lots covering over 100 sites with 828 charge points in northwest, northeast and central Germany.

The invitation to tender was issued by the Federal Ministry for Digital and Transport (BMDV).

Deutschlandnetz (Germany Network) will provide high-powered EV charging infrastructure across Germany, with a total of around 9,000 charge points. Each charge point must be capable of delivering a power rating of 400 kilowatts.

This closes any remaining “white spots” on the charging map, ensuring that the nearest fast-charging point can be reached in just a matter of minutes from anywhere in Germany.

In September 2023, the BMDV successfully completed the tender process for the regional lots. A total of ten companies will build and operate the 900 sites with around 8,000 new HPC fast charging points for electric cars. Additionally, there will be motorway sites.

The following companies were awarded regional contracts: Allego,  BayWa Mobility Solutions, E.ON Drive Infrastructure, Eviny Elektrifisering, Fastned Deutschland, EWE Go Hochtief Ladepartner,  Mer Germany, Pfalzwerke, Total Energies Marketing Deutschland, and Via Deutschlandnetz (Vinci Concessions Deutschland).

In December 2023, KfW Ipex-Bank also provided financing for Deutschlandnetz in support of a consortium consisting of Hochtief and EWE Go, which will build 850 charging points.

KfW Ipex-Bank said at the time that charging infrastructure available everywhere is essential for the switch to e-mobility, an integral step on the road to decarbonization.