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September 13, 2019

BNP Paribas Leasing Solutions to offer charging station finance

BNP Paribas Leasing Solutions is to develop financial solutions to support energy transition and charging station installation across Europe.

By Christopher Marchant

BNP Paribas Leasing Solutions is to develop financial solutions to support energy transition and charging station installation across Europe.

BNP Paribas Leasing Solutions is to offer rental contracts of four to five years. These leasing arrangements will be offered indirectly via manufacturers of charging stations which deal directly with companies, electricity fitters that propose equipment with services, companies that propose long-term rental packages including cars and charging stations, energy providers that lease charging points to their customers with a special rate for electricity, and vehicle manufacturers or dealerships which offer cars with charging stations.

Leases will be offered directly to professional clients of the BNP Paribas banking network, clients of BNP Paribas Rental Solutions Trucks on anticipation of electric trucks joining the EV market, and on a general nature. any company needing charging points for their vehicles.

As of July 2019, there were 170,150 public charging stations for electric vehicles in Europe, compared to 2010 when there were only 3,200 stations. In 2018, there were 25,450 public charging stations in Germany, with a similar number in France. With 13,000 public charging points, the UK saw its number of stations multiply fivefold since 2011.

Charlotte Dennery, chief executive officer of BNP Paribas Leasing Solutions, said: “All companies would like a cleaner electric vehicle fleet but rightfully so, tend to avoid investing heavily in new technology. We offer leasing solutions so companies can afford innovative equipment with less asset risk and optimal cash flow. It is our pleasure to guide them on this route to effective commercial growth and improved sustainability.”

In 2018, BNP Paribas Leasing Solutions financed 357,000 projects for a total volume of €13.5bn (£12bn) in 18 countries, across Europe, China, the United States and Canada.

In August BNP Paribas Leasing Solutions UK has expanded its offering into the food and drink equipment market as an extension of the company’s agriculture finance division.

The division based in Basingstoke has a dedicated team headed-up by Paul Baker, head of food and agriculture, along with Nicky Easton and Neil Curtis, who are jointly responsible for business development. They are to be supported by an experienced sales team handling incoming financing inquiries.

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