Re-Power Energy agree terms on Project Finance to help Local Authorities develop Electric Vehicle (EV) infrastructure with no CapEx
Re-Power Energy have agreed Non-Exclusive Terms with Funder First Asset Finance to provide an initial £50 Million for EV infrastructure projects with Local Authorities and other Public Sector Organisations.
The funding structure enables the delivery of a critical amenity with no CapEx and generates new Revenue streams by utilising the Company’s unique Canopy system.
Re-Power Energy, who are in the middle of their next funding round are already engaged with several Local Authorities, Hotel Groups, Universities, Leisure Centres and Airports.
Andrew McLelland Re-Power Energy’s MD observed;
‘Local Authorities are uniquely placed to benefit from the transition to Electric Vehicles. By partnering with First Asset Finance, Re-Power Energy are able to deliver an essential amenity and generate valuable new Revenue Streams with no CapEx to the Client’
Patrick Sherrington, Managing Director, First Asset Finance commented;
‘First Asset Finance is pleased to be able to support Re-Power Energy with their managed service offering. The concept is a welcome contribution to reducing their carbon footprint as well as supporting commercial activities which demonstrate a sustainable approach to power generation.’