Powering Electric Vehicle Adoption with Osprey in the UK
Osprey Charging is contributing to the energy transition through the rapid roll out of their EV charging infrastructure. Societe Generale acted as Arranger & Hedging Provider in the £110m in senior debt facilities transaction that will support Osprey’s charging network development in the country.
The availability of accessible and reliable charging stations is a key driver in the mass market adoption of electric vehicles. High quality infrastructure will be crucial in the transition to sustainable mobility, and Osprey Charging is leading the way across the UK.
Osprey was originally founded in 2016 and has quickly become one of the key players in the UK EV charging space, with a charging network of 1,400 rapid and ultra-rapid charge points at 380 locations across the country. Osprey owns, develops and operates public rapid and ultra-rapid electric vehicle charge points in the UK, focusing on important, high traffic locations with significant foot fall, including retail, hospitality and high-traffic en-route sites.
The £110m in senior debt facilities secured by Osprey will support the company on the next stage of their deployment and ensure they continue to focus on customer service, reliable operations, and financial strength while expanding their high-quality network of charging points.
Societe Generale acted as Arranger & Hedging Provider in the transaction supporting sustainable mobility.
EV adoption is a key priority for the UK government which is aiming to expand the UKs charging network across the country by 2030. The transaction is supported by the National Wealth Fund, established to channel investment into sectors aligned with the UK’s industrial strategy.
Ian Johnston, CEO of Osprey, said, “We’re delighted that financial institutions are supporting the work our fantastic, dedicated team are doing. At Osprey, we build the charging hubs customers want – clean and secure, super-fast, easy to use and easy to pay for. In short, where I would choose to stop and re-charge with my family.”
Osprey will support the UK’s vital transition from internal combustion engine vehicles to electric vehicles by expanding charging infrastructure. We are pleased to support Osprey as they grow their network, a project that aligns well with the bank’s ESG ambitions.