RENEWABLE ENERGY

ACCIONA ENERGÍA ENTERS ELECTRIC VEHICLE CHARGING BUSINESS WITH PURCHASE OF CARGACOCHES
27 de October de 2021
  • The company is expanding its solutions portfolio to serve companies and institutions that plan to integrate electric mobility into their decarbonization plans.

ACCIONA Energía has acquired Cargacoches, a company that installs and manages electric vehicle charging points in Spain, with a view to taking advantage of the upcoming opportunities in the growing marketfor electric vehicle charging infrastructure.
Cargacoches owns 50 rapid interurban charging points, and manages over 400 third-party points and 10,000 registered users, making it one of the most extensive charging networks in Spain. The company has a management platform and a mobile application for users, developed with in-house technology.

This acquisition will integrate Cargacoches’ current business, focused on fast and super-fast car charging, into ACCIONA Energía’s strategy to provide corporate and institutional clients with access to fast and efficient electric vehicle charging infrastructure.

ACCIONA Energía considers electric mobility to be a key element in the global energy transition, provided that the power supply is 100% renewable. The company’s entry into the clean energy infrastructure sector for electric vehicles is linked to its commitment to promoting the green energy transition and its desire to stay ahead of macro trends.
As a result, ACCIONA Energía aims to introduce a new business model for electric vehicle charging infrastructure in Spain, supplied by 100%, emissions-free renewable power.

ACCIONA Energía aims to build out the public charging network to 25,000 recharging points by 2030, including its own charging network and the management of others belonging to third parties. This will allow the group to become one of the leading companies in the sector.

ACCIONA Energía will also offer its corporate and institutional clients access to its electric vehicle charging network as a way of contributing to their decarbonization plans. The company already supplies 100% renewable energy, as well as other solutions including on-site generation, energy services, green hydrogen and also microgrids to its clients.

ENERGY TRANSITION

Electric vehicles made up 5% of all car sales in Spain in 2020, much lower than in other European countries such as France (11%), the United Kingdom (11%) and Germany (14%), even though Spain has similar rates of car ownership. Countries such as the Netherlands and Norway have even higher rates of electric vehicle sales, of 25% and 76% respectively. The market for electric vehicles in Spain is expected to grow rapidly in the coming years to reduce this gap.

The situation is similar for charging networks, particularly intercity fast charging stations, with a ratio of two per every 100 kilometers of fast lanes in Spain compared to 14 in Germany or 19 in the United Kingdom.

Estimates show that the interurban charging market will grow exponentially over the next ten years, driven by improvements in technology, vehicle autonomy and electric car price competitiveness.

According to a joint report published in July by the Spanish Association of Automobile and Truck Manufacturers (ANFAC) and the dealerships’ association (Faconauto), Spain will need at least 340,000 public access charging points by 2030. The rollout of a national charging network will be key to service an estimated five million electric cars, according to the Spanish government’s National Integrated Energy and Climate Plan (PNIEC).

Spain’s current public charging network has an estimated 11,847 access points; 86% of this reaches power ratings of up to 22kW. This implies minimum charging times of three hours. Cargacoches’ chargers have power ratings of between 50kW and 175kW, which means charging times are reduced to between 15 and 45 minutes.

DATA PROTECTION INFORMATION

In compliance with Regulation (EU) 2016/679 on Data Protection and with other Data Protection regulations in force, you are hereby informed that your personal data shall be processed by Corporación Acciona Energías Renovables, S.A., whose identification data are as follows: Tax ID No. (NIF): A-85483311, Address: Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas (Madrid), Tel.+34 91 657 64 61. Your data shall be processed in order to address and manage your queries, requests, claims and suggestions, as well as send information, regarding our products and services through electronic means (all of these, hereinafter the “Request”).

The consent given by the data subject by indicating that they have read and accept this data protection information comprises the lawfulness of processing, and if a contract had been entered into with the interested party, legitimation shall be for the compliance of legal obligations derived from the aforementioned contract and for the enforcement thereof. We will only process the essential data that you provide in your application, such as your identification data (name, surname, language, contact details) and data related to the business area of your interest. The data shall be stored only for the time to attend and answer your Request, and in any case, never for more than twelve months.

In case your Request is related to other ACCIONA solutions or businesses, we may communicate your personal data to another entity of the Group (you can consult a list of ACCIONA Group companies at www.acciona.com/shareholders-investors/financial-information/annual-accounts/), in order to be able to deal with your Request in a more efficient way. We also may give access to your data to service providers (such as technology service providers) who assist us in fulfilling this purpose. Some of its service providers, may be located outside of the European Economic Area in territories that do not offer a level of data protection that is comparable to that of the European Union. In such cases, we transfer User data with appropriate safeguards and always ensuring the security of the same. By accepting the privacy terms, you consent to your data being transferred internationally in order for your Request to be properly processed.

The data subject can exercise their rights of access to or rectification, erasure or portability of their data, and/or the restriction of or objection to the processing of such data, by contacting to Corporación Acciona Energías Renovables, S.L., by writing the Department of Data Protection located at Avenida de Europa, 10, Parque Empresarial La Moraleja, 28108, in Alcobendas, Madrid, or by sending  the form available at:

FORM

If we consider it necessary in order to be able to identify you, we may ask you for a copy of an identity document. Furthermore, at any time the data subject may withdraw the granted consent by contacting the aforementioned address and file a claim to the Supervisory Authority (Agencia Española de Protección de Datos www.aepd.es).

For any further information you can visit the Privacy Police on the website.

 

DATA PROTECTION INFORMATION

In compliance with Regulation (EU) 2016/679 on Data Protection and with other Data Protection regulations in force, you are hereby informed that your personal data shall be processed by Corporación Acciona Energías Renovables, S.A., whose identification data are as follows: Tax ID No. (NIF): A-85483311, Address: Avenida de Europa, 18, Parque Empresarial La Moraleja, Alcobendas (Madrid), Tel.+34 91 657 64 61. Your data shall be processed in order to address and manage your queries, requests, claims and suggestions, as well as send information, regarding our products and services through electronic means (all of these, hereinafter the “Request”).

The consent given by the data subject by indicating that they have read and accept this data protection information comprises the lawfulness of processing, and if a contract had been entered into with the interested party, legitimation shall be for the compliance of legal obligations derived from the aforementioned contract and for the enforcement thereof. We will only process the essential data that you provide in your application, such as your identification data (name, surname, language, contact details) and data related to the business area of your interest. The data shall be stored only for the time to attend and answer your Request, and in any case, never for more than twelve months.

In case your Request is related to other ACCIONA solutions or businesses, we may communicate your personal data to another entity of the Group (you can consult a list of ACCIONA Group companies at www.acciona.com/shareholders-investors/financial-information/annual-accounts/), in order to be able to deal with your Request in a more efficient way. We also may give access to your data to service providers (such as technology service providers) who assist us in fulfilling this purpose. Some of its service providers, may be located outside of the European Economic Area in territories that do not offer a level of data protection that is comparable to that of the European Union. In such cases, we transfer User data with appropriate safeguards and always ensuring the security of the same. By accepting the privacy terms, you consent to your data being transferred internationally in order for your Request to be properly processed.

The data subject can exercise their rights of access to or rectification, erasure or portability of their data, and/or the restriction of or objection to the processing of such data, by contacting to Corporación Acciona Energías Renovables, S.L., by writing the Department of Data Protection located at Avenida de Europa, 10, Parque Empresarial La Moraleja, 28108, in Alcobendas, Madrid, or by sending  the form available at

Access the Form

If we consider it necessary in order to be able to identify you, we may ask you for a copy of an identity document. Furthermore, at any time the data subject may withdraw the granted consent by contacting the aforementioned address and file a claim to the Supervisory Authority (Agencia Española de Protección de Datos www.aepd.es).

 

For any further information you can visit the Privacy Police on the website.