NIB finances new hybrid electric ferries for Norway's Fjord1
The Nordic Investment Bank and the Norwegian ferry operator Fjord1 ASA have signed a seven-year loan agreement of NOK750 million (€76 million) to finance the acquisition of 12 new hybrid electric ferries that will operate on three of Norway’s busiest ferry lines.
The vessels are designed to run on electricity in their everyday operation, and will be charged when docked. They also have backup marine fuel oil power, which can be used if needed.
The ferries, which can also accommodate future engine changes and battery upgrades to prolong their operational life, will operate on the routes Hordaland 1 and 2 as well as on the Nordmoerspakken line. They are scheduled to start operating in 2020.
The investment will contribute to energy efficiency improvements of 30-40%, and reduce CO2 emissions by approximately 50,000 tonnes per year.
