Global infrastructure investor Morrison has teamed up with French multinational electric utility company EDF to invest up to €450m to build electric-vehicle charging points in France by the next decade.
The two firms have set up a venture to invest in the development and deployment of nearly 8,000 ultra-fast charging points across the country by 2030.
EDF is investing through its EDF Development Environment and Izivia businesses.
The charging stations are expected to be located on-street or in private parking areas accessible to the public, adjacent to restaurants or retailers.
Jean-Philippe Laurent, head of business development strategy at EDF, said transport is the leading sector emitting greenhouse gases in France and its decarbonisation constitutes a major challenge for the EDF group and its Izivia.
“Thanks to Morrison and this strategic partnership, we are strengthening our strategic position in the operation of charging stations accessible to the public. We are convinced that the development of fast charging will accelerate the deployment of electric mobility.”
Pia Lambert, executive director at Morrison, said: “We are delighted to partner with EDF Group and its subsidiary Izivia, a major French charging station operator for electric vehicles.
“This project represents another important milestone for Morrison in the European market. We believe that investing in businesses serving enduring societal needs of our modern economy – such as transportation systems and their energy sources – is the key to the success of our investment strategy.”
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