Press releases pg. 59

Fast charging of electric cars during travel across the Czech Republic is becoming more and more popular. Last year, the volume of electricity consumed at the public fast charging stations of the ČEZ Group grew almost fourfold compared to the previous year. The busiest were stations in Prague and Brno. The new infrastructure is being built also thanks to the European grant from the Connecting Europe Facility program.

Inven Capital, the investment fund of the CEZ Group, has changed its legal form from a closed-end investment fund to a variable-capital joint-stock company (SICAV). With this step, the company fulfills the condition of the European Investment Bank for creation of a joint investment initiative to support the growth of small and medium-sized enterprises in the clean energy and smart technologies sectors. The agreement on co-financing was signed by both parties in mid-December in Prague. The joint investments shall amount to EUR 100 million.

Prague, 30. January 2018 – CEZ Group wind farms operated in Germany generated nearly 270 million kWh of power in 2017. The Group owns 53 wind turbines in Germany, with their installed capacity totaling some 135 MW.

The European Investment Bank (EIB) is providing EUR 50m to the Czech Republic Inven Capital Fund to develop a co-investment initiative to support the growth of clean energy and smart technology SMEs and midcaps. Czech energy utility ČEZ is contributing the same amount to this initiative so that the total financing available for joint co-investments to clean-tech and smart energy businesses is EUR 100m. The transaction is backed by the guarantee of the European Fund for Strategic Investments (EFSI), which is the central pillar of the Investment Plan for Europe.