KfW IPEX-Bank participates in certified green financing of UK EV Charging operator Gridserve

Gridserve, a tech-enabled sustainable energy business and a leading UK Charge Point Operator specializing in rapid and ultra-rapid charging, raised GBP 326 million in committed loan facilities under a Green Financing Framework to refinance existing capex debt and fund the next phase of charge point rollout. Gridserve’s Green Finance Framework is the first officially designated green loan for EV charging infrastructure in the UK.

The banking group behind the debt raise consists of CIBC, KfW IPEX-Bank, Lloyds Bank, MUFG, Natixis, NatWest, Santander and UK Infrastructure Bank.

Gridserve currently operates 165 sites across the UK with more than 640 chargers, covering around 85% of the UK’s motorway network. The company also develops and operates its own full circle “Sun-to-Wheel” infrastructure with hybrid solar farms generating renewable electricity for its charging network.

By contributing to this financing, KfW IPEX-Bank underlines its commitment to support the transformation towards CO2 neutral society and economy.

Find more information in Gridserve’s press release: https://www.gridserve.com/pressroom/gridserve-announces-over-half-a-billion-pounds-in-certified-green-financing-to-accelerate-net-zero-transport-with-a-huge-expansion-of-its-uk-wide-ev-charging-network/