Allego Secures €20M Loan to Boost EV Charging Network in Poland
Portfolio Pulse from Benzinga Newsdesk
Allego (NYSE:ALLG) secures a €20 million loan from the European Bank for Reconstruction and Development (EBRD) to expand its EV charging network in Poland. The project, co-funded by the European Union, aims to install over 200 EV recharging points across 50 locations, enhancing Poland's EV infrastructure.
August 06, 2024 | 7:05 am
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Allego secures a €20 million loan from EBRD to expand its EV charging network in Poland, aiming to install over 200 recharging points. This expansion is part of Allego's Eastern European growth strategy and is co-funded by the EU.
The €20 million loan will significantly boost Allego's EV charging infrastructure in Poland, a market with low EV penetration. This expansion aligns with the EU's decarbonization goals and is likely to enhance Allego's market position and revenue potential in Eastern Europe.
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