Gridserve Green Loan for Renewables & EV Charging Recognized as Europe Deal of the Year
Type: Financing · Technology: Ev Charging · Country: United Kingdom · Announced: 2023-01-01
Gridserve secured a landmark £200 million green loan from a syndicate including Lloyds Bank and Santander. This financing drives the development of 150MW of solar PV and battery storage.
Analysis
Gridserve's green loan for its UK-based renewables and EV charging infrastructure earned Europe Deal of the Year recognition, a strong indicator of market belief in the sector's growth. The financing directly fuels Gridserve's strategy to develop, construct, own, and operate sustainable energy projects. Latham & Watkins, a global law firm advising major institutions, represented the investor, bringing significant legal expertise to the transaction. This deal highlights the increasing institutional backing for expanding sustainable transport and energy solutions.
Key points
- Recognized as Europe Renewables & EV Charging Deal of the Year.
- GRIDSERVE secured green loan for UK-based infrastructure.
- Latham & Watkins advised investor on the financing.
- Deal announced January 1, 2023.
Counterparties
- Latham & Watkins (Investor)
- GRIDSERVE (Borrower)