UK clean energy and transport solutions developer Zenobē Energy has established a multi-source debt structure of £241 million (US$326 million) to fund capital investment into e-buses and charging infrastructure.
The funding platform – which Zenobē said is the first of its kind – was advised and structured by UK retail bank NatWest, which has previously provided funding to Zenobē to help grow its electric vehicle (EV) activities.
The funding package is to support Zenobē’s turnkey fleet electrification offering, which it launched in May 2019.
The offering includes financing for charging infrastructure, stationary battery storage located in bus depots for overcoming grid constraints, batteries on the vehicles and the vehicles themselves.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Currently, Zenobē has 175MW of operational and contracted storage assets and 394 electric vehicle (EV) buses, equivalent to an estimated 25% market share of the UK operational EV bus sector.
To read the full version of this story visit Current±.
