The EIF has made an initial investment of €70 million in the Sustainable Maritime Infrastructure Fund
The European Investment Fund supports the financing of sustainable maritime infrastructure
The European Investment Fund (EIF) has made an initial investment of €70 million in the Sustainable Maritime Infrastructure Fund, managed by Eurazeo. EIF investment is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
The Sustainable Maritime Infrastructure Fund aims to support the transition of the global maritime industry to a carbon neutral economy by 2050. This is in line with the objective of the European Green Deal net zero greenhouse gas emissions by 2050.
With a total of €200 million raised, the fund has already reached more than half of the targeted volume to date. The total investment will help finance three main assets: ships equipped with environmentally friendly technologies that use more efficient or alternative fuels, innovative port equipment and infrastructure aimed at fostering the ecological transition, as well as assets that support the development of renewable energies at sea. Paolo Gentiloni, Commissioner for the Economy, declared:
“Given the large amount of goods transported every day on our oceans, it is certain that the maritime sector must make a major contribution to our objective of carbon neutrality by 2050. The fact that the Investment Plan for Europe helps support this sustainable marine infrastructure fund is great news. This transaction lays the foundation for strong financing in support of more sustainable ships and port infrastructure, aimed at advancing the development of renewable energy at sea ”