The European Bank for Reconstruction and Development ( EBRD ) is supporting greater access to electric charging infrastructure in central Europe with a €35 million ( US$40.72 million ) loan to GreenWay, a leading electric vehicle ( EV ) charge point operator in the region. 

The bank’s loan, part of a wider €113 million financing package, will enable GreenWay to develop, construct and install 2,700 fast and ultra-fast public EV charging points by 2028.

GreenWay, incorporated in Poland, is one of the fastest-growing charge point operators in central and eastern Europe. It currently operates more than 3,000 public charging points across Poland, the Slovak Republic and Croatia, and aims to increase this number significantly to accelerate the adoption of electric mobility and green transport across the region. 

The public charging points will be located in densely populated and traffic-heavy areas, helping to increase access to electric charging infrastructure and support cross-border EV travel.

Central Europe has significantly less electric mobility infrastructure than other regions in the European Union. Expanding the charging network is therefore crucial to encourage wider EV adoption and achieve both national and EU-wide climate objectives. All electricity procured by GreenWay is sourced from renewable energy, ensuring that the expansion of charging infrastructure delivers clear carbon savings. 

The loan benefits from a first-loss guarantee provided by the EU under its InvestEU programme.

The EBRD is a leading implementing partner for the InvestEU programme, which supports sustainable investment, innovation and job creation in EU countries. It aims to trigger more than €372 billion in additional investment in 2021-27. Between 2022 and 2027, InvestEU guarantees worth €777 million will be leveraged by the EBRD to finance investments of up to €3.8 billion in eligible sectors across its EU economies.