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IIBERDROLA has launched today the Iberdrola Green Transport Plan, through which it will offer customers the sale and financing of electric vehicles, install recharging stations and provide a 100% renewable power supply.

It is the first Spanish company to develop an integrated solution promoting the use of this type of transport. The initiative forms part of the group’s commitment to electric transport, a reliable alternative to promote sustainable development, enhance security of supply and optimise competitiveness.

To present this plan, IBERDROLA recently signed agreements with the electric vehicle import company Going Green, to promote the sale of this mode of transport, and Multiservicios Mapfre, a leading home improvement and repair company, to install the recharging stations, in particular in customers’ own homes.

The company’s latest commercial solution combines the electric car with green energy, meaning zero emissions when travelling and recharging, since this product will come from sources which are 100% renewable.

With this plan, IBERDROLA offers its customers a wide range of electric vehicles (cars, motorbikes and bikes) and the possibility to handle the financing of the purchase, as well as information on how customers can benefit from aid from the Movele Plan managed by the IDAE (Spanish Institute for Energy Diversification and Savings).

The company will manage the installation of the recharging stations(*) in car parks, guaranteeing at all times the safety of the equipment, and will provide the user with tailored advisory service to meet all their needs.

Customers interested in signing up for the IBERDROLA Green Transport Plan may do so via this website, by calling 901 20 20 20 or in any of the company’s more than 160 customer service sites throughout Spain.

Firm commitment to electric mobility

IBERDROLA’s interest in promoting electric vehicles goes back more than 10 years, when it introduced projects such: ‘Project Zeus’ between 1996 and 1998 with the Mondragón Group; ‘Project Viel’, conducted at its centre in San Agustín de Guadalix between 2002 and 2004; and a pilot project backed by the Valladolid City Council to introduce electric motorcycles and the necessary charging stations in this city.

IBERDROLA is currently involved in a number of electric vehicle-related task forces, including ‘Project Cenit Verde’, in conjunction with Seat, to develop Spanish technology for this type of transport; or ‘Project Merge’ (Mobile Energy Resources of Electricity) to analyse the impact of introducing these cars on current and future electricity distribution networks.

In Spain, the group is involved in different projects, including: the installation of a network of recharging stations for electric vehicles in its corporate buildings, participation in the Movele Plan in Madrid, agreements with the Vizcaya Provincial Council and the Town Councils of Alicante, Valladolid and Palencia or the EPV (Electrical Powered Vehicles) initiative in Valencia.

Outside of Spain, the company, through its subsidiary ScottishPower, is participating in a project focused on providing the necessary electricity infrastructure to use these vehicles in Glasgow. Meanwhile, in the US, IBERDROLA U.S.A. is working on an initiative related to electric trucks.

These projects come on top of the studies being conducted alongside General Motors Europe to analyse the technical requirements of the energy supply infrastructures needed for electric cars, its collaboration with international groups on the standardisation of charging parameters and its involvement in prestigious forums such as Foreve in Spain and GreenCars in Europe.

All of the above projects are a testament to IBERDROLA’s commitment to the development of this technology which, despite the significant progress made in recent years, still has a long way to go in certain aspects related to batteries and recharging stations, as well as in regulatory matters.

In this sense, the company believes that a key consideration for the electric car to be developed for the mass market is its impact on power distribution networks. The Spanish power system is currently capable of supporting 10 million electric cars, if they are recharged slowly and at times of low demand such as at night. This will also boost the penetration of renewable energies and ensure more competitive energy costs.

For IBERDROLA, the role played by power companies is essential for these cars to become widespread as they will be responsible for ensuring power supply, developing smart grids for vehicle recharging, and launching new services to meet users’ needs. 

IMPORTANT INFORMATION

This communication does not constitute an offer of purchase, sale or exchange or a request for an offer of purchase, sale or exchange of values. The shares of Iberdrola S.A. cannot be offered or sold in the United States, except if this is carried out through a declaration of effective notification of what is laid out in the Securities Act or under the protection of a valid exemption of the need for notification.