{"id":85423,"date":"2023-02-18T01:12:34","date_gmt":"2023-02-17T23:12:34","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=85423"},"modified":"2023-02-18T01:12:34","modified_gmt":"2023-02-17T23:12:34","slug":"e40-m-eib-loan-for-developing-ev-charging-hydrogen-stations-in-greece","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/e40-m-eib-loan-for-developing-ev-charging-hydrogen-stations-in-greece\/","title":{"rendered":"\u20ac40 m EIB loan for developing EV charging, hydrogen stations in Greece"},"content":{"rendered":"<p dir=\"ltr\" style=\"line-height: 24.1pt; background: white; text-align: left;\"><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">The<a href=\"https:\/\/www.csregypt.com\/en\/eib-provides-e425-m-to-banque-misr-to-back-smes-in-egypt\/\"> European Investment Bank (EIB)<\/a> has agreed to provide a \u20ac40 million 10-year loan to Motor Oil, cofinancing its new investment to develop an extensive network of EV charging and hydrogen stations throughout Greece.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 24.1pt; background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">The pioneering investment, the first of its kind on such a scale in Greece, will see the deployment of about 3000 electric vehicle charging stations for road transport. The hydrogen transport infrastructure will include one electrolyser for hydrogen production, hydrogen trailers, a feeding terminal to load the trailers, as well as hydrogen refueling stations.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 24.1pt; background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">By rolling out zero-emission vehicles charging and refueling infrastructure, the project will generate environmental benefits, including reduced air pollution, reduced greenhouse gas emissions and lower noise. The project will also contribute to the development of the hydrogen and electromobility industry through the accelerated deployment of <a href=\"https:\/\/business.ca.gov\/industries\/zero-emission-vehicles\/\">Zero Emission Vehicles (ZEV)<\/a> infrastructure. It will thus indirectly contribute to the growth of relevant market segments for electric and hydrogen infrastructure, as well as the associated vehicles.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 24.1pt; background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">The loan agreement was signed at the EIB\u2019s headquarters in Luxembourg on February 17 by Ioannis Kaltsas, Head of the EIB\u2019s Investment Team for Greece and Cyprus, and Petros Tzannetakis, Deputy Managing Director of Motor Oil Group.<\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 24.1pt; background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><em style=\"box-sizing: border-box;\"><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">\u201cWe are very pleased today for the closing of this agreement with the European Investment Bank. This is another important step for the Motor Oil Group, towards the energy transition in the current challenging energy environment,\u201d<\/span><\/em><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">\u00a0said\u00a0<strong style=\"box-sizing: border-box;\"><span style=\"font-family: 'Arial','sans-serif'; font-weight: normal;\">Petros Tzannetakis<\/span><\/strong>, Motor Oil Group Deputy Managing Director.<em style=\"box-sizing: border-box;\"><span style=\"font-family: 'Arial','sans-serif';\">\u00a0\u201cWe are committed to creating extraordinary results and providing added value through strategic coalitions. For the past 50 years, Motor Oil has been identified with energy. Our priority is to ensure the energy sufficiency of Greece while at the same time meeting the needs for alternative energy sources and green fuels, important for our country\u2019s energy autonomy.\u201d<\/span><\/em><\/span><\/p>\n<p dir=\"ltr\" style=\"line-height: 24.1pt; background: white; box-sizing: border-box; font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: left; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><em style=\"box-sizing: border-box;\"><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">\u201cThe Zero Emissions Vehicle market, including electric and hydrogen vehicles, is at a very early stage of development in Greece and through the financing of this innovative project, which features sustainability and environmental characteristics, the EIB will support the transformation of the road transport in the direction of hydrogen and electric mobility and increased sustainability, while also providing a signal to stimulate further funding from commercial banks on similar projects,\u201d\u00a0<\/span><\/em><span style=\"font-size: 15.0pt; font-family: 'Arial','sans-serif'; color: #4f4f4f;\">said\u00a0<strong style=\"box-sizing: border-box;\"><span style=\"font-family: 'Arial','sans-serif'; font-weight: normal;\">Ioannis Kaltsas<\/span><\/strong>, Head of the EIB\u2019s Investment Team for Greece and Cyprus.\u00a0<em style=\"box-sizing: border-box;\"><span style=\"font-family: 'Arial','sans-serif';\">\u201cToday\u2019s agreement is the result of many months of work between the EIB and Motor Oil Hellas, as the company works towards creating a sustainable future through its products and operations.<\/span><\/em>\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Investment Bank (EIB) has agreed to provide a \u20ac40 million 10-year loan to Motor Oil, cofinancing its new investment to develop an extensive network of EV charging and hydrogen stations throughout Greece. The pioneering investment, the first of its kind on such a scale in Greece, will see the deployment of about 3000 [&hellip;]<\/p>\n","protected":false},"author":410,"featured_media":85424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u20ac40 m EIB loan for developing EV charging, hydrogen stations in Greece - Csr Egypt<\/title>\n<meta name=\"description\" content=\"(EIB) has agreed to provide a \u20ac40 million 10-year loan to Motor Oil, cofinancing its new investment to develop an extensive network of EV charging and hydrogen stations throughout Greece.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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