Business, Freight News, Sea

Intesa Sanpaolo supports renewal of Grimaldi Lines Eco Green Fleet

[ October 21, 2022   //   ]

Intesa Sanpaolo has concluded two loans for a total of €70 million to Grimaldi Euromed, a Grimaldi Group company specializing in the transport of rolling cargo in Europe and the Motorways of the Sea and in passenger transport in the Mediterranean under the Grimaldi Lines brand.
The transaction, structured by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division led by Mauro Micillo, consists of two loans for the purchase of the new ships Eco Mediterranea and Eco Adriatica, the tenth and eleventh of the Grimaldi Green 5th Generation (GG5G) class, respectively. The transaction confirms Intesa Sanpaolo’s support for the energy transition and NRRP-related investments.
Both lines of credit are characterized by a pricing mechanism linked to the achievement of specific ESG (environmental, social and governance) targets. The transaction’s sustainability goals include, on the one hand, a significant reduction of pollutant emissions, and, on the other, the expansion of the use and installation of photovoltaic systems on individual ships.
The latest-generation engines of the Eco Mediterranea and the Eco Adriatica allow CO2 emissions to be halved and sulphur and particulate emissions to be reduced, while the lithium batteries on board, thanks to their ability to be recharged during navigation, will ensure the achievement of the “zero emissions in port” objective.

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