EBRD boosts EV charging in central Europe

• EBRD lends €35 million to GreenWay as part of a €113 million debt package
• Investment will support rollout of 2,700 fast and ultra-fast public electric vehicle charging points across Poland, the Slovak Republic and Croatia by 2028
• Bank’s loan benefits from a first loss guarantee from the European Union under InvestEU

The European Bank for Reconstruction and Development is supporting greater access to electric charging infrastructure in central Europe with a €35 million loan to GreenWay, a leading electric vehicle (EV) charge point operator in the region.

The Bank’s investment, provided as part of a wider €113 million financing package, will enable GreenWay to develop, construct and install 2,700 fast and ultra-fast public EV charging points across Poland, the Slovak Republic and Croatia by 2028.

The public charging points will be located in densely populated and traffic-heavy areas, helping to increase access to electric charging infrastructure and support cross-border EV travel.

Central Europe has significantly less electric mobility infrastructure than other regions in the European Union (EU). Expanding the charging network is therefore crucial to encourage wider adoption of electric vehicles and achieving both national and EU-wide climate objectives. All electricity procured by GreenWay is sourced from renewable energy, ensuring that the expansion of charging infrastructure delivers clear carbon savings.

The EBRD’s loan benefits from a first loss guarantee provided by the EU under its InvestEU programme.

The EBRD is a leading implementing partner for the InvestEU programme, which supports sustainable investment, innovation and job creation in EU countries. It aims to trigger more than €372 billion in additional investment in 2021-27. Between 2022 and 2027, InvestEU guarantees worth €777 million will be leveraged by the EBRD to finance investments of up to €3.8 billion in eligible sectors across its EU economies.

GreenWay, incorporated in Poland, is one of the fastest-growing charge point operators in central and eastern Europe. It currently operates more than 3,000 public charging points across Poland, the Slovak Republic and Croatia and aims to increase this number significantly to accelerate the adoption of electric mobility and green transport across the region.

The EBRD is a key investor in Croatia, Poland and the Slovak Republic, having invested more than €25 billion in the three countries, largely in the private sector.