Bank supporting EV charging roll out...


By Stuart Cleak

So amid the sombre news we find ourselves listening to (keep washing those hands) I think it is important to look for positives and it is not too hard to find them...

Some great news then that Triodos has continued its push for funding all things renewable/sustainable and in this instance by using debt for a portfolio on sustainability issues rather than a traditional project finance for a generation project.

Also great news that Tesco are rolling out this number of chargers across their retail portfolio and that they are also installing solar on just under 200 of their stores.

So today, while recognising the situation we are in, let's celebrate the announcement and tomorrow let's work together to ensure these announcements get delivered notwithstanding the short term restrictions we  find ourselves subject to.

Triodos Bank has moved into the electric vehicle (EV) space, providing a loan to charging company Pod Point. The debt facility – the amount of which was not disclosed – is to help finance the rollout of chargers at 600 Tesco stores, alongside funding from Tesco and Volkswagen. The partnership between Tesco, Pod Point and Volkswagen was first announced in November 2018, with 2,400 chargers set to be installed, operated and maintained by Pod Point.
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