Hybrid power finance offer to help owners cut capital outlay

Paul Gunton
Paul Gunton
ShipInsight

18 July 2019


An innovative finance deal that will allow offshore and marine asset owners to reduce their fuel consumption, costs and emissions has been launched.

Norway-based Blueday Technology, which designs and installs integrated energy systems for energy, marine and maritime customers, has teamed up with sustainable energy infrastructure fund manager SUSI Partners to offer a new financing structure for asset owners.

As a result, €50M is now available for Blueday Technology clients to install integrated energy systems. The scheme removes the biggest obstacle standing in the way of asset owners installing hybrid energy systems: the need for a significant, upfront capital investment. Asset owners and operators in the oil and gas, drilling rig, maritime, aquaculture and shore power sectors could all benefit from the new deal.

Hans-Petter Heggebø, CEO of Blueday Technology, said, “The offshore and marine industries are facing financial pressures at a time when their emissions and carbon footprints are coming under scrutiny. This is a fantastic opportunity for owners and operators to reduce operating expenditure and emissions while future-proofing their assets.

“Blueday Technology is at the forefront of hybrid technology. Our SMART hybrid solutions keep assets running at peak efficiency and customers report a return on investment within two years. We know that cash pressure is one of the main barriers to installing our systems and future-proofing assets – we’ve now solved that problem for owners and operators through our agreement with SUSI Partners.”

Under the new arrangement, asset owners and operators who want to install hybrid energy systems will face no upfront costs; instead, they will pay a monthly fee. Gustavo Coito, Director in SUSI Partners’ investment team, said, “We are delighted to partner up with Blueday to deliver a combined solution to asset owners and operators, allowing for economic and environmental benefits while removing the key hurdle faced with when deciding to go electric.”