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ACCIONA Energía has acquired Cable Energía, the operator of the Shell Recharge network in Spain and Portugal, excluding Shell’s service stations. This strategic acquisition expands ACCIONA Energía’s electric vehicle (EV) charging infrastructure across the Iberian Peninsula, adding 396 charging points in high-traffic areas and a pipeline of 321 more points under development. The move strengthens the company’s position in the growing electric mobility sector.
Key Highlights
- Acquisition: ACCIONA Energía acquires Cable Energía, operator of Shell Recharge network in Spain and Portugal (outside Shell service stations).
- Expansion: Adds 396 charging points in high-traffic areas and 321 in development.
- Strategic Move: Enhances presence in electric mobility and accelerates renewable-powered infrastructure deployment.
- Current Operations: Offers access to over 4,000 charging points; installing Madrid’s largest on-street charging hub; agreements for 1,000+ new points in Spain.
This acquisition is a major step in ACCIONA Energía’s electric mobility strategy. By integrating Cable Energía’s network, the company boosts its footprint in Spain and Portugal, positioning itself as a top provider of EV charging solutions. The 396 charging points are located in high-traffic spots like restaurants, shopping centers, supermarkets, hotels, and highways, ensuring convenience for EV drivers. The additional 321 charging points in the pipeline will further expand coverage once completed.
Since entering the EV charging market in late 2021, ACCIONA Energía has focused on delivering decarbonization solutions. Using its renewable energy expertise, the company powers its charging infrastructure sustainably. Acquiring Cable Energía provides immediate access to an established network, allowing faster scaling to meet rising demand.
Currently, ACCIONA Energía manages over 4,000 charging points, including owned and third-party units, in urban areas and along major routes. Projects like Madrid’s largest on-street charging hub and plans for 1,000+ new public charging points in Spain highlight its growth ambitions. These efforts make charging more accessible, supporting EV adoption and a low-carbon future in the region.
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