Deutschlandnetz: KfW IPEX-Bank, LBBW and Siemens Financial Services provide financing for rapid charging e-car infrastructure

The Deutschlandnetz (“Germany Network”) will ensure a basic supply of HPC (high-power charging) rapid charging infrastructure for electric cars at more than 1,000 locations with around 9,000 charging points in Germany. The consortium consisting of HOCHTIEF and EWE Go, among others, won the award for two lots in six federal states with 850 charging points in the invitation to tender issued by the Federal Ministry for Digital and Transport (BMDV).

Each charging point in the Deutschlandnetz must be technically capable of delivering a maximum charging capacity of at least 300 kW. In addition, each charging point must be able to provide a nominal charging capacity of at least 200 kW.

A banking club consisting of KfW IPEX-Bank, Landesbank Baden-Württemberg (LBBW) and Siemens Financial Services through Siemens Bank is providing HOCHTIEF and EWE Go with tailored project finance in the amount of around EUR 130 million for both lots.

With this financing, KfW IPEX-Bank, LBBW and Siemens Financial Services are supporting the transition to CO2-neutral mobility.

EWE Go is a wholly-owned subsidiary of the Oldenburg-based energy service provider EWE AG. In addition to its market leadership in north-west Germany, EWE Go, one of the largest operators of public charging infrastructures, operates more than 2,000 charging points nationwide, a commitment that is constantly on the increase. EWE Go develops mobility concepts, products and services related to electromobility.

HOCHTIEF is one of the largest providers of transport and energy infrastructure. The company plans, finances, builds and operates numerous transport networks itself and places great emphasis on sustainability. Since 2018, the Group has held shares in the leading international toll road operator Abertis, which operates more than 8,000 kilometres of toll roads in 15 countries.

Both companies act as equal partners in the Deutschlandnetz project and are each acquiring 50% of the shares in the project company founded for this purpose.

About the Deutschlandnetz

With the tenders for the Deutschlandnetz (Germany Network), the federal government is ensuring a nationwide, demand-oriented and user-friendly fast-charging network throughout Germany. With around 1,000 locations and a total of some 9,000 fast-charging points, it closes any remaining “white spots” on the charging map. The Deutschlandnetz ensures that the nearest fast-charging point can be reached in just a matter of minutes from anywhere in Germany. Further information: https://nationale-leitstelle.de/foerdern/deutschlandnetz/

About Landesbank Baden-Württemberg (LBBW)

Landesbank Baden-Württemberg (LBBW) is both a mittelstand-minded universal bank and the central bank of the savings banks in Baden-Württemberg, Saxony and Rhineland-Palatinate. With total assets of EUR 324 billion and 10,000 employees (as of 31 Dec. 2022), LBBW is one of the largest banks in Germany. Its core activities are the business with corporate customers and the private customer business, as well as savings banks. A further focus is placed on real-estate financing as well as the customer-oriented capital market business with banks, savings banks and institutional investors. Specialised subsidiaries such as leasing, factoring, real estate, venture capital or asset management round out the product and service range of LBBW group.

Press contact:

Henrike Reichert
Referentin Konzernkommunikation (1325/H)
Landesbank Baden-Württemberg
Am Hauptbahnhof 2
70173 Stuttgart. Germany
Phone +49 711 127-44007
Cell phone +49 151 15918739

https://www.LBBW.de

About Siemens Financial Services (SFS)

Siemens Financial Services (SFS) – the B2B financing arm of Siemens – provides financing that makes a difference. At SFS, we empower customers around the globe to access technology with purpose and increase their competitiveness. Based on our unique combination of financial expertise, risk management and industry know-how we provide tailored financing solutions – including flexible leasing and working capital products, project-related and structured financing, corporate lending, equity investments, finance advisory, as well as trade and receivables financing. With highly experienced and passionate teams in 20+ countries, SFS paves the way for industrial productivity, smart infrastructure and sustainable mobility, facilitating the energy transition and enabling high-quality healthcare. Supporting the Siemens DEGREE framework, SFS is one of the leading providers in financing greenfield renewable projects.

Press contact:

Markus Wierl
Siemens Financial Services
Communications
Otto-Hahn-Ring 6
81679 München, Germany
Cell phone +49 173 9640113

https://www.siemens.com/finance

About KfW IPEX-Bank

Within KfW Group, KfW IPEX-Bank is responsible for project and export finance. It supports German and European companies operating in key industrial sectors in global markets by structuring medium and long-term financing for their exports, funding infrastructure investments, securing supply of raw materials and by financing environmental and climate change mitigation projects worldwide.

As a bank that stands for transformation, it finances technologies of the future to support the transition towards sustainable society in all three dimensions of the economy, environment and social. By implementing ambitious sector guidelines for CO2-intensive sectors KfW IPEX-Bank ensures its financings are compatible with the goals of the Paris Agreement. By introducing GHG accounting it aims to achieve a net zero emissions portfolio by 2050.

As specialist bank, KfW IPEX-Bank has extensive industry, structuring and country expertise, it takes on leading roles in financing consortia and actively involves other banks, institutional investors and insurance firms. KfW IPEX-Bank operates as a legally independent group subsidiary and is represented in the most important economic and financial centres across the globe.

Press contact:

Antje Schlagenhaufer
Corporate Communications
Palmengartenstrasse 5-9
60325 Frankfurt am Main
Phone: +49 69 7431 4009

https://www.kfw-ipex-bank.de/en