Enel X, the Enel Group’s advanced energy services business line, and AMP Capital, a global investment manager, have entered into an agreement to establish a joint venture for the development of electric public transportation infrastructure in the Americas.
More specifically, the parties will jointly invest in the development and leasing of vehicles for electric ground mass public transportation and associated infrastructure for the vehicles’ storage, charging, repair and operation in the Americas.
AMP Capital holds an 80% controlling interest and Enel X holds a 20% interest in the joint venture. Enel X will also provide development and administrative services to the joint venture. The joint venture currently owns a fleet of 433 operating electric buses and associated charging infrastructure in Santiago de Chile, which were developed by Enel X over the past two years as part of the Transantiago 1, 2, and 3 projects.
The partnership is fully in line with the Enel Group’s commitment to boosting the development of electric mobility, which is a key element in the energy transition of smart cities. Through Enel X, the Group already participates in seven electric public transportation projects in four countries on two continents for a total of 991 e-buses—both supplied or served—running in Santiago, Bogotà, Montevideo and Barcelona.