PARIS -(Dow Jones)- French carmaker Renault SA (RNO.FR) and Spanish renewable energy group Acciona SA (ANA.MC) said Tuesday they plan to cooperate in the Spanish market for electric cars.
"According to the terms of the agreement, Acciona will bring its capacity to develop an intelligent charging network, provide associated services and supply electricity produced from renewable sources," the companies said in a statement.
"This implementation will be done in coordination with the forecasts of the Renault-Nissan Alliance for the commercialization of electric vehicles," they added.
Renault and its 44%-owned affiliate Nissan Motor Co. Ltd.(NSANY) will ensure the network is compatible with electric vehicles and their navigation systems so that available charging points can be identified. The charging system will be included in the commercial offering together with the vehicles.
"In this manner, and as a result of the agreement, the parties will join forces to form an Electric Mobility Operator," the companies said.
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