Infrastructure

Transitioning Italian service station areas into EV charging infrastructure hubs

Macquarie Capital and IP Group established IPlanet, a joint venture for the electrification of over 500 IP service areas on urban and suburban roads, to support Italy’s energy transition. 

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Sector Infrastructure
Sub-sector Transport
Location Italy

Opportunity

Electric mobility is an area of focus in the European Commission’s national energy and climate plans (NECPs) outlining how EU countries intend to meet binding energy and climate targets for 2030. 

Italy’s plan includes a focus on measures and economic incentives to support both the uptake of electric vehicles and the deployment of charging infrastructure, with the ambition of 6.6 million electric vehicles on the road and the share of renewable power in the transport sector at 22 per cent by 2030.1


Approach

IP Group is an integrated and independent energy company operating Italy's largest private network of almost 4,500 service stations. The company had been working on its energy transition strategy and Macquarie Capital identified an opportunity to support their objectives.

Leveraging Macquarie Capital’s flexible balance sheet capital, decades of infrastructure and energy expertise, along with strong relationships with local financial institutions, IPlanet was established – a joint venture between Macquarie Capital and IP, aimed at the electrification of service areas on urban and suburban roads across the country.

Our teams partnered closely with IP’s management and key stakeholders, providing infrastructure, financial and debt advisory services as well as technical development and construction expertise. Macquarie has also arranged minority third-party equity investments, including Tages Capital SGR, to help establish IPlanet. Together, we delivered a customised solution to facilitate the rollout of fast and ultrafast EV charging stations at IP service areas.

Outcome

Initially, IPlanet will encompass more than 500 service areas across Italy, where traditional fuel pumps will be integrated with ultra-fast electric charging stations. The electrification of the portfolio is scheduled for completion by 2032.

The development of charging infrastructure will take place at service stations located on urban and extra-urban roads, near commercial hubs or high traffic zones. Utilising innovative fast (150 kW) and ultrafast (at least 300 kW) technologies, the goal is to allow travellers to recharge in approximately 15 minutes on average, reducing wait times and facilitating greater use of electric vehicles.

The recharging experience will be accompanied by new services for travellers, including catering, shopping, and car care. IPlanet also plans to integrate solar panels and battery storage systems at stations to supply the electricity for the charging infrastructure, further maximising the use of renewable energy.

500+

electrified service areas

150 - 300+ KW

fast+ and ultrafast charging technologies

~15 minute

charging times

2032

electrification of the entire portfolio 

By 2030, Italy is aiming to have 6.6 million electric cars on the road and over 160,000 EV charging points installed across the country. Building on our 20+ years of investing in Italy, we continue to support companies like IPlanet through our energy transition and infrastructure expertise. We look forward to continue playing an active role in this joint venture with IP, helping to meet these ambitious targets which are an important part of decarbonising Italy’s transportation sector.”

Roberto Purcaro
Executive Director
Infrastructure & Energy Capital and Head of Macquarie Capital Italy 

  1. 'Integrated national energy and climate plan’, Italian Ministry of the Environment and Energy Security, June 2024, https://commission.europa.eu/

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