Intesa Sanpaolo has concluded two loans for a total of €70 million to Grimaldi Group 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.
Both lines of credit are characterised by a pricing mechanism linked to the achievement of specific ESG 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.
Richard Zatta, Global Corporate Head of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, commented:
The Grimaldi Group represents excellence in the freight market and has long shown a constant commitment to improving its environmental sustainability profile. We are therefore happy to continue to support this player in the maritime transport sector
On this important financial transaction, Diego Pacella, CEO of Grimaldi Euromed S.p.A., noted that “the Eco series of ships, financed by this transaction, are highly innovative and advanced from the point of view of environmental sustainability, thanks to years of research and design that have achieved an unprecedented result in terms of reducing the carbon footprint per unit of cargo transported.”
