Dutch Fastned expands to Spain

After opening its first station in Denmark in Q4 2023, Dutch fast-charger provider Fastned is now expanding to Spain, where it won a first tender for seven stations along highways. The first Spanish station will be built in Casarrubuelos (Madrid) along the A42 to Toledo, featuring eight 400 kW chargers.

The goal is to build a network of at least 1 000 stations all over Europe. Last week, Fastned opened up its free app mapping out its chargers to stations of other suppliers, showing now 400 000 chargers at 150 000 locations in 50 countries, including fast chargers and ‘slow’ chargers.

Growth of 44%

Fastned realized a turnover of €19,2 million in Q4 of 2023, a growth of 44% compared with Q4 of 2022. Gross profit was €14,2 million (+77%). Fastned now has nearly 300 stations in eight countries, adding a ninth with Spain.

Although Spain still has a long way to go in electrifying its fleet, according to Michiel Langezaal, CEO of Fastned, acceptance of EVs in Spain was rather good, with a growth of 70%. In Spain today, most EV charging stations are located in city centers. But with the government managing most highways, it is now starting to expand the network along the principal traffic axes by issuing tenders for fast chargers, as Europe requires.

In the last quarter of 2023, Fastned sold 32 GWh of ‘green’ electricity, 79% more than in the same period the previous year. The Dutch company says it feels the effect of a growing ‘momentum’ in EVs in the countries where it is active today. In the Netherlands, BEV sales grew by 37%, in Belgium by 101%, in France by 43%, in Germany by 28%, in the UK by 30%, and in Switzerland by 50%.

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