Better Place, DONG Energy Close 103M Euro (770M Danish Kroner) Investment for Denmark Electric Car Network
Source: http://www.investorideas.com/news/012709e.aspPosted on Tuesday, January 27th, 2009 | In Current Market News
Contributed by: Dawn Van Zant (http://www.investorideas.com) -
COPENHAGEN, Denmark–Jan 27 2009 –Better Place, the world’s leading mobility operator, today announced in conjunction with DONG Energy, that it has closed approximately 103 million Euro (770 million Danish Kroner) in equity and convertible debt for the initial deployment of their electric car charging network in Denmark. Under the terms of the agreement, DONG Energy will assist in the Better Place Denmark network rollout as well as be the preferred supplier of renewable energy to power the network. The move sets the stage for Better Place and DONG Energy to execute as planned against their commitment to enable the widespread adoption of mass-market vehicles by 2011.
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