Invest-NL funds expansion of Fastned fast-charging network with project finance

Invest-NL provides € 20 million to Fastned through project financing for the expansion of fast-charging infrastructure, as part of a joint loan of € 100 million. This will enable Fastned to establish 70 new fast-charging locations in the coming years. This project financing is a great example of how Invest-NL broadens its financing options to accelerate essential infrastructure for the energy transition.

Charging infrastructure needed for the energy transition

Electric driving is growing rapidly, but without sufficient fast-charging points, the transition stalls. Fastned develops and operates fast-charging stations along busy routes in the Netherlands and Europe. Through European expansion, the network gains more capacity in locations where demand is increasing.

€ 100 million for network expansion

Invest-NL provides project financing together with ING, ABN Amro, Rabobank and Credit Agricole. A total of € 100 million is available for the expansion of fast-charging stations in Belgium and Switzerland. With this transaction, we contribute to accelerating the energy transition in the Netherlands and Europe.

Project finance as a catalyst

Project finance is a loan linked to a specific project. Repayment comes from the cash flows of that project, with clear agreements on performance and security. This allows a project to be built and scaled up more quickly.

“With project finance, we can accelerate infrastructure projects that would otherwise be more difficult to get off the ground. The financing for Fastned is a concrete example of how we use our financing toolkit to advance the energy transition,” says Michiel Meerman, senior investment manager at Invest-NL.