NIB and the Norwegian ferry operator Fjord1 ASA have signed a seven-year loan agreement of NOK 750 million (EUR 76 million) to finance the acquisition of twelve new hybrid-electric ferries that will operate on three of Norway’s busiest ferry lines.
The new hybrid ferries are part of Fjord1’s larger investment programme and will operate on the routes Hordaland 1 and 2 as well as on the Nordmoerspakken line.
The vessels are designed to run on electricity in their everyday operation and will be charged when docked. However, they also have backup marine fuel oil power, which can be used if needed.
The ferries can also accommodate future engine changes and battery upgrades to prolong their operational life. The investment will contribute to energy efficiency improvements of 30-40%, and reduce CO2 emissions by approximately 50,000 tonnes per year.
“Norway is implementing a national strategy to reduce emissions from ferry operations, which is in line with the Paris Agreement. The acquisition of hybrid electric vessels will contribute to the phase-out of fossil fuels and a more sustainable and reliable ferry transport service”, says Henrik Normann, NIB President & CEO.
The new ferries are scheduled to start operating in 2020.
Original source: NIB
Published on 03 January 2019
