IP and Macquarie Capital partner to electrify select areas in Italy

Iplanet will initially overlook 510 IP service areas throughout Italy, where traditional fuel pumps will be transitioned into EV charging stations

Italy-based fuel retailer IP, which operates a network of more than 4,500 service stations, and Macquarie Capital, a leading investor and advisor in the infrastructure and renewable energy sectors, have signed a binding agreement to set up an equal joint venture to focus on electrification of service areas on urban and suburban roads, according to a press note published by Macquarie on October 5.