Recharge, a leading energy company and pure-play electric vehicle (EV) public charging network in the Nordics, is pleased to announce the successful completion of its €180 million inaugural multi-currency green debt financing, which will further drive its mission to expand its EV charging network and enhance its smart energy solutions across Norway, Sweden, Finland, and Denmark.
With over 4,500 EV charge points, Recharge plays a critical role in the Nordic transition to a more sustainable, electric future. This landmark financing will enable the company to accelerate the growth of its infrastructure and energy solutions, supporting the rising demand for electric vehicles and contributing to the decarbonization of transportation across the region.
This green debt financing is a reflection of market confidence in Recharge’s sustainable vision, as these funds are specifically allocated for environmentally beneficial projects. As such, this financing highlights the company’s commitment to advancing green infrastructure and aligns with global sustainability goals. By tapping into the green debt market, Recharge strengthens its ability to lead the region’s energy transition while maintaining a firm commitment to sustainability. The participation of four independent financial institutions further demonstrates belief in Recharge’s long-term strategy and leadership.
RBC Capital Markets acted as Sole Financial Adviser and Sustainability Structuring Adviser for the transaction.
It’s a strong signal of market confidence to have the backing of several unrelated lenders for this transaction,” said Håkon Vist, CEO of Recharge. “Their support reinforces our strategy and leadership and with this financing, we are well-equipped for the future and can continue driving the transformation toward green energy.
About Recharge
Recharge is a leading energy company providing smart energy solutions through one of the world’s largest and most utilized networks of fast charging stations. Built since 2011, Recharge operates more than 4,500 charge points at 800 locations across the Nordic countries, with a majority in Norway, the world’s leading nation for electric vehicles. Each month, 300,000 charging sessions take place at Recharge stations. As a pioneer in green energy, Recharge is committed to advancing the EV charging infrastructure and delivering intelligent energy solutions that support a sustainable future. Recharge is owned by the British infrastructure investor Infracapital.