The energy company is making further advances through the implementation of its sustainable mobility plan, through which 150,000 electric chargers will be installed over the next five years


Iberdrola and the BNP Paribas Group revolutionise the rental market with an agreement to promote sustainable mobility in Spain

  • The company has launched an all-inclusive solution for individuals and companies, which includes rental of the electric vehicle, installation of the charging point and the energy consumption at home and on public roads for the contracted kilometres in a single package
  • Iberdrola will also install electric chargers in the group's offices and, together with BNP Paribas Real Estate, will promote charging points among the main real estate operators and shopping centres
  • The agreement also includes the design and launch of financing solutions for Iberdrola customers in European countries where the BNP Paribas Group and the energy company operate, including Portugal, Italy and France, with sustainable mobility and self-consumption solutions

Iberdrola and the BNP Paribas Group aspire to revolutionise the rental market in Spain and reinforce their sustainable mobility strategy in Spain. The companies have therefore reached an agreement that includes an innovative solution, called All-inclusive which is aimed at individuals and companies and includes rental of electric vehicles through Arval, the installation of the charging point financed by BNP Paribas Leasing Solutions and energy consumption at home and on public roads for the contracted kilometres supplied by Iberdrola in a single package. This is a response to one of the segments with the greatest potential for growth in the coming years: fleet electrification associated with online commerce distribution.

The collaboration between the companies will be extended to other areas and will enable the energy company to install charging infrastructure in several offices of the BNP Paribas Group in Spain. The financial institution's customers and employees will therefore be able to charge their electric vehicles with 100% green energy from clean generation sources, with guarantee of renewable origin certificates.

Under the agreement, Iberdrola and BNP Paribas Real Estate will also promote charging points among the main real estate operators and shopping centres.

The collaboration also includes the design and launch of financing solutions by BNP Paribas, through its leasing and consumer loan subsidiaries, for Iberdrola customers in Spain and other European countries where BNP Paribas operates and the energy company with sustainable mobility (Smart Mobility) and self-consumption (Smart Solar) solutions, including Portugal, Italy and France.

"The agreement shows the ambition of both groups to continue promoting transport electrification and confirms the need to continue collaborating with all agents in the sector to respond to the challenges of mobility based on clean energy with no CO2 emissions. Together with BNP Paribas, Iberdrola has also designed a comprehensive and unique proposal that meets the needs of one of the fastest growing segments in the field of transport electrification: fleets for last-mile delivery of online purchases," explains Raquel Blanco, Iberdrola's Global Director of Smart Mobility.

Alberto Sarricolea, Head of Corporate Banking at BNP Paribas in Spain, says that "this agreement means making many of our capabilities (renting, leasing, real estate and consumer credit services) available to customers with whom the company has a close relationship, in Spain and abroad." This agreement also "fits perfectly with BNP Paribas' ambitions in terms of sustainability," he added.

The electric charging points installed by Iberdrola under this agreement will be available on the 'Recarga Pública Iberdrola' mobile App, the only App that includes verified information on all the electric vehicle charging stations operational in Spain, those of Iberdrola and those of other operators too. With this App, you can geolocate the charger and reserve and pay from your mobile.

With this agreement, both companies reinforce their cooperation, as BNP Paribas group is one of Iberdrola's financial partners for corporate and investment banking activities and, through its subsidiary Arval, is the supplier of electric vehicles for the energy company's fleet.


Electric mobility and green recovery

Iberdrola continues its commitment to transport electrification in its transition strategy towards a decarbonised economy, as a key way of reducing emissions and pollution and ensuring the green recovery.

The company is implementing a sustainable mobility plan with an investment of 150 million euros, resulting in an increased roll-out of charging points for electric vehicles over the coming years.

The initiative will see the installation of around 150,000 charge points in homes, companies and on the public road network in cities as well as on the main motorways and highways over the next five years. The commitment to deploying high-efficiency charging points will include the company installing ultra-rapid (350 kW) charging points every 200 kilometres, super-rapid points (150 kW) every 100 kilometres, and rapid (50 kW) points every 50 kilometres.

Iberdrola is aware of the need to boost electric mobility in Spain through coordinated, effective action involving the major players. The company continues to identify opportunities to generate an industrial, commercial and innovation ecosystem to consolidate the development of sustainable mobility. As a result, it has now completed more than 40 infrastructure roll-out agreements with government departments, institutions, companies, service stations and vehicle dealers and manufacturers.

The company has recently become the first Spanish business to subscribe to The Climate Group's EV100 initiative, with the aim of accelerating the transition towards electric vehicles with a commitment to electrifying its entire fleet of vehicles, enabling staff to charge their vehicles at its outlets in Spain and the United Kingdom by 2030.

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