BP and Iberdrola have formed a joint venture to invest EUR1 billion (US$1.07 billion) in charging infrastructure in Spain and Portugal. The companies will deploy 12,000 fast-charging points by 2030, with the venture 50% owned by Iberdrola Clientes and BP Energia.
The latest agreement builds on the joint venture the companies announced in July, which included plans to install 5,000 fast-charge points by 2025. The companies also said they were considering joint options to serve electric vehicle customers in the UK.
The investment is part of BP's strategy to increase its low-carbon business and follows Iberdrola's plans to install 25,000 public charging points in Spain by 2025. The joint venture will enable the companies to meet the growing demand for EV charging infrastructure and support the transition to cleaner forms of transport.
Country updates
-
-
March 02, 2023
Sonnedix, Endesa sign 12-year PPA for 77 MW solar portfolio in Spain
Sonnedix has signed a 12-year power purchase agreement (PPA) with Spain's largest electric company Endesa. The green energy deal will be produced from the 77 MW solar photovoltaic (PV) portfolio that...
Read more -
March 01, 2023
CEMEX, ETFuels sign agreement to transform CO2 into green fuels
CEMEX has partnered with ETFuels to transform CO2 from its Alicante cement plant in Spain into green fuels. This partnership will see ETFuels combine up to 450,000 metric tons of captured CO2 annually...
Read more -
March 01, 2023
ABO Wind, Repsol enter deal for sale of 250 MW renewable energy projects in Palencia
ABO Wind has reached an agreement with Repsol Renovables for the sale of five renewable energy projects with a total capacity of 250 MW. The deal covers further development of the five projects b...
Read more -
February 28, 2023
Naturgy plans to build 34 MW solar PV project in Murcia
Naturgy is planning to develop a 34 MW solar photovoltaic project that will be constructed in the southeastern region of Murcia in Spain. The project will represent a total of EUR26 million (US...
Read more -
February 28, 2023
Naturgy starts construction of 34 MW Jumila solar PV project in Murcia
Naturgy Energy Group SA has commenced development on the Jumila solar photovoltaic (PV) project, a 34 MW solar farm in the Murcia region of south-eastern Spain. The company has allocated an investment...
Read more
