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Boels Rental to further electrify its range of rental machinery, equipment, power supply and industrial tools for various market with EIB financing.
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EIB supports its borrowers in phasing out of fossil fuels under its climate bank roadmap. Boels will distribute newly bought electric equipment and machines over various EU markets.
The European Investment Bank and Boels Rental have signed a €100 million lending agreement to support Boels’ decarbonisation strategy, which is expected to set an example to the equipment rental sector and the construction sector in general. Although as a company Boels itself already has very low emissions, traditional – diesel or petrol fuelled – rental equipment does produce emissions when operated by the end-users. By further electrifying its rental fleet, machinery, and equipment, Boels will thus cut so-called “downstream” emissions significantly.
Boels is serious about its decarbonisation strategy and as the EU climate bank, we are here to support that
– Kris Peeters, EIB vice president
“Boels is serious about its decarbonisation strategy and as the EU climate bank, we are here to support that.” stated EIB vice president Kris Peeters. “Electrification of machinery is and will remain an important part of Europe’s quest to lower our collective carbon footprint. We hope that more companies will follow Boels’ example.”
The newly acquired equipment will be spread over Boels’ branches in, amongst others, the Netherlands, Germany, Sweden, Belgium and Luxembourg.
Our continuous investments in sustainable fleet were already significant in the last years and will further expand, supported by this EIB loan
– Pierre Boels, CEO Boels Rental
CEO Pierre Boels added: „This EIB loan is a recognition for our leading position in Europe and the efforts of our sustainable fleet strategy. Our continuous investments in sustainable fleet were already significant in the last years and will further expand, supported by this EIB loan. This results in one of the largest sustainable equipment fleet in Europa, which enables our customers to accelerate their journey to decarbonisation”.
The financing supports Boels’ long-term group-wide strategy and investment plans regarding green equipment, which is to phase out fossil fuel combustion engines wherever feasible. Compared to a diesel engine, using electrical motors presents an overall gain in performance, energy efficiency, environmental protection and risk prevention and health. Apart from not having any direct greenhouse gas emissions, electric equipment is more energy efficient, less noisy, has lower vibrations, and also emits less dust and fine particles.
