The ČEZ Electromobility project will expand the fast-charging network by 63 stations funded from another European grant
Prague, November 24, 2017 – Fast recharging of electric vehicles on the roads across Czech Republic and to neighboring countries is becoming ever more accessible. ČEZ Electromobility, the operator of the most extensive domestic network of public charging stations for electric vehicles, has succeeded in the European grant procedure for the construction of another 63 fast-charging stations. The construction will again be funded by the Connecting Europe Facility (CEF), through which the European Commission supports the process of interconnecting Europe by installing charging points along the TEN-T core road network. At the same time, ČEZ builds charging stations from its own resources as well.
CEZ Group’s net income increased by 13% year-on-year to CZK 16.6 billion, primarily due to sale of MOL stock. EBITDA decreased by 6% year-on-year to CZK 41.1 billion, primarily due to decreased realization prices of generated electricity and increased expenses on emission allowances. By contrast, there was a positive year-on-year effect of increased generation at nuclear and wind power plants. CEZ Group confirms its outlook for annual adjusted net income at a level of CZK 19 billion.
CEZ has agreed on the terms of sale of its Bulgarian hard coal-fired thermal power plant Varna.
ČEZ Continues to Build Public Fast-Charging Stations for Electric Cars. A Part of the Network Built is Financed by a European Grant.
Prague, 3 October 2017 – It is than ever easier to quickly recharge your electric car while travelling across the Czech Republic or abroad. CEZ Group’s Electromobility Project, which operates the largest national network of public charging stations, has yesterday launched three ABB fast-charging stations at a charging point in Vestec at Prague’s highway ring. The company has also presented its vision of how the charging infrastructure development should continue. The infrastructure construction is co-financed by a European grant from the Connecting Europe Facility (CEF).
INVEN CAPITAL has become a shareholder in the French company VULOG, the global leader in providing technology for shared mobility involving green cars in cities. VULOG’s customers operate on four continents where they represent one of the major pillars in the smart city concept.
The bids are being evaluated.
Elevion is a leading integrated provider of multi-technical building services and a well-established trademark on the German ESCO market. The company represents a strong platform for providing energy services to industrial corporations, cities and municipalities as well as the building sector. Elevion’s revenues have been increasing by more than 30 percent on average annually over the past five years. Among their important customers are blue chip companies across a broad range of industries including aerospace, automotive, food, healthcare, industrial, and technology.
CEZ Group continues to invest in German wind power, its total installed capacity in Germany has now reached nearly 135 MW.
CEZ Group has taken over the operational onshore wind farm Lettweiler Höhe in Germany, with a total installed capacity of 35.4 MW. All of the turbines, located near Rehborn in a single location in the German state of Rhineland-Palatinate, are in operation. The contract with the seller, the well-reputed KGAL Asset and Investment Manager, foresees support in the form of a guaranteed feed-in tariff over 20 years.
By acquiring 9 wind farms, CEZ Group has entered the French renewable energy market. The projects were acquired from ABO Wind, a reputed German developer of renewable sources. Located in six regions across France, the onshore wind farms are in an advanced stage of development. During the next 5 years, up to 100 MW of installed capacity can be built. All wind farms have operational support in the form of a feed-in tariff guaranteed for 15 years.
Following the assessment of investor interest in Bulgarian assets of CEZ, a. s., CEZ Group decided to enter into negotiations with several chosen entities that placed the best offers.