Jun 2021

Opus advises Ecotricity on the sale of the Electric Highway to GRIDSERVE

Category: Deal Announcement

Opus is delighted to have advised Ecotricity on the sale of the Electric Highway, the UK’s first nationwide electric vehicle charging network. The sale of Ecotricity’s remaining 75% interest in the Electric Highway follows the March announcement of the formation of a partnership with GRIDSERVE and its acquisition of a 25% stake.

GRIDSERVE’s acquisition will lead to a major upgrade of the network, transforming electric vehicle charging facilities on Britain’s motorways and major roads. The upgrade will be funded by Hitachi Capital, a shareholder in GRIDSERVE.

This is an important development in the UK EV charging market and is Opus’ second major transaction in the sector having also advised ChargePoint Services on its sale to Engie.

For further information please contact: Stuart Schofield, John McElroy, Malcolm Strang and Joanna Chen.