Allego N.V., a leading pan-European public electric vehicle fast-charging network, announced it has signed its first long-term Power Purchase Agreement (“PPA”) with a leading independent power producer.
Allego will begin receiving 25 gigawatt hours of renewable electricity beginning January 1, 2023 to support the majority of the Company’s operations in Germany. The signed agreement represents approximately 16% of Allego’s entire European charging network. In a continued effort to further hedge input costs and commodity volatility, the Company expects to sign additional PPAs to cover more than 80% of Allego’s operations.
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Mathieu Bonnet, Allego’s Chief Executive Officer, stated “I am pleased we have signed our first power purchase agreement for 25 gigawatt hours. Utilizing 100% renewable energy from a solar farm, we strengthen our mission of supplying our charging stations with 100% green energy. Moreover, it is the first step of our execution strategy to cover at least 80% of our production in 2023 with long-term, low-cost PPAs based on renewable power assets. We continue to have active discussions with other suppliers to cover more of our network.”
Allego delivers charging solutions for electric cars, motors, buses, and trucks, for consumers, businesses, and cities. Allego’s end-to-end charging solutions make it easier for businesses and cities to deliver the infrastructure drivers need, while the scalability of our solutions makes us the partner of the future. Founded in 2013, Allego is a leader in charging solutions, with an international charging network comprising approximately 34,000 public charging ports operational throughout the pan-European market – and proliferating. Our charging solutions are connected to our proprietary platform, EV-Cloud, which gives our customers and us a full portfolio of features and services to meet and exceed market demands. We are committed to providing independent, reliable, and safe charging solutions, agnostic of vehicle model or network affiliation. At Allego, we strive every day to make EV charging easier, more convenient, and more enjoyable for all.