First project from Zouk Capital and Liberty Global backed venture sees 20 on street charge points installed across the London borough of Waltham Forest
A spokesperson for the firm told
City A.M. that the JV had a pipeline of 800 installations in London boroughs in the next year alone.
The programme begins amid growing concerns that the UK is currently lacking sufficient charging infrastructure to support the transition away from internal combustion engine (ICE) vehicles.
According to motor trade body the SMMT, the UK will need 2.3m chargepoints by the end of the decade if the switch to EVs is to be successful.
At the moment, here are just 7,000 chargepoints in London serving a population of 9.5m – or one for every 1,300 people.
Neil Isaacson, Liberty Charge’s chief exec said: “Recent research has highlighted the need to do much more to meet the rising consumer demand for electric vehicles charging if the UK government’s carbon neutral targets are to be met.
March 25, 2021 Greenbriar Equity Group has soared past its $1bn Fund V target to reach a $1.68bn final close for the fund, after just a few months of entirely virtual fundraising.
AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.
Investors offer advice to ministers for U.K.’s low-carbon ambitions
Bloomberg
Eight asset owners have written to Prime Minister Boris Johnson and other ministers to offer their help in determining how the financial sector can contribute to the U.K. s efforts to shift to a net-zero economy.
Signatories represent more than £230 billion ($314.7 billion) in assets and were brought together by the U.N.-supported Principles for Responsible Investment. Climate change is recognised as the most significant global risk facing investors, the letter said. For our beneficiaries, it threatens their livelihoods, their retirement savings, their health, their quality of life. Even a short delay in implementing the necessary policies increases the likelihood of a disorderly transition, threatening beneficiaries savings and the resilience of the financial system.