Scotland’s FOR EV, the only private electric vehicle charge point operator in the country, has received a third tranche of investment from the Scottish National Investment Bank, amounting to £10 million. This investment follows initial £2 million and £10 million investments in 2021 and 2022 respectively. The financial support will help FOR EV to expand its network to over 1,700 charging points across 600 public sites in the UK. A key instalment of this expansion is the newly unveiled charging hub at Loch Ryan ferry port, a joint venture with South of Scotland Enterprise (SOSE). This hub can accommodate eight electric vehicles simultaneously, catering to both Stena Line’s annual customers and local users. The development aligns with Scotland’s goal to transition to net-zero by 2045. Representatives from involved organizations highlight the environmental and economic impact of the new infrastructure.
Renewable Energy, Finance, Transportation,Scotland, United Kingdom, Cairnryan, Scotland
https://www.thebank.scot/for-ev-energised-by-further-ps10m-investment-from-scottish-national-investment-bank