Irish EV charging firm Ezo secures £129m debt facility to fuel major UK rollout
By Eve
Ezo has closed a €150m (£128.5m) investment grade, non recourse, senior debt facility from lenders including Aberdeen Investments and Standard Life to deploy more than 3,000 charge points representing over 100,000kW of capacity across the UK and Ireland. The chargers will be installed mainly under long term public private partnership style concessions where Ezo handles design, installation and maintenance, with a portion of electricity sales expected to exceed £1bn over 20 years shared with the public sector before infrastructure reverts to public ownership. The financing is believed to be the first of its type where funds install chargers across the UK and Ireland while revenues are ringfenced to repay the debt over seven years, with the UK set to become Ezo's primary market by 2027.
Why it matters: The PPP concession model offers public sector bodies a route to large scale charging infrastructure without upfront capital, while the ringfenced revenue structure and investment grade debt signal growing institutional confidence in EV charging as a bankable asset class. Procurement teams can benchmark the long term revenue sharing and asset reversion terms as a template for similar concession tenders.