NEoT Green Mobility enters the maritime segment by supporting Northern Offshore Services’ acceleration in the greening of its fleet

NGM is proud to announce having provided an innovative financing solution to Northern Offshore Services (N-O-S), one of the leading operators in the CTV segment, for the acquisition of four new hybrid Crew Transfer Vessels. The vessels will be equipped with the latest low emission engine technology and are capable to operate in hybrid or fully electrical mode when performing transit and docking.

Supporting the maritime segment in its transition towards cleaner means of transportation is one of NGM’s top priorities by providing solutions tailored to the specific needs of the industry (among which the financing of newbuild vessels, batteries/H2 storage onboarded, retrofitting of existing vessels, …). This funding will enable N-O-S to accelerate the development of its offer of greener, high-performance CTVs and strengthen the company’s position in the market.

The vessels, customized and/or designed by N-O-S, are being built at Penguin Shipyard in Singapore and will be delivered from Q4 2023 to Q3 2024.

Philippe RINGENBACH, CEO of NEoT Green Mobility, said: “We are thrilled to collaborate with N-O-S to support the deployment of its state-of-the-art environmentally friendly CTVs. The cooperation between NGM and N-O-S not only showcases that low GHG CTVS are now a reality but also emphasizes the significant role that financing and technical support solutions play in facilitating the transition of the maritime industry towards cleaner means of transportation. This segment is key for the success of the energy transition and NGM intends to play in the near future a significant role in this field.”

David KRISTENSSON, CEO of Northern Offshore Group added, “At Northern Offshore Services we are proud to lead the way in the industry. We have high expectations of our new-build and conversion plan for the upcoming years, making the world greener and more sustainable. We are thankful and glad for the opportunity that NGM is providing by financing the development of a Zero Emission offshore wind industry.”

About NEoT Green Mobility

NEoT Green Mobility (NGM) is an investment platform funded by top tier investors 3i EOPF, Mirova Eurofideme 4, Banque des Territoires and EDF Pulse Ventures. This platform is dedicated to financing the transition to Zero-Emission mobility and to supporting public authorities, transport operators, as well as logistics and industrial companies in their energy transition in Europe. NGM offers turnkey leasing and services solutions including provision of batteries, rolling-stock or charging infrastructures as-a-service to customers across a wide range of sectors: shipping, urban and inter-urban public transport, logistics, railway, and charging solutions. Backed by its investors in its growth, NGM has already deployed or committed to deploy c.€150m of assets.

About 3i EOPF

3i EOPF, which is managed by 3i’s infrastructure team, is a €456m fund, which is now fully invested in operational projects across Europe (with a focus on France, the Benelux, Germany, Italy and Iberia) and across a wide range of sub-sectors (primarily social infrastructure and transportation, but also telecoms and utilities). It aims to provide long-term yield to institutional investors.

About Mirova Eurofideme 4

Mirova is a management company dedicated to sustainable investments and an affiliate of Natixis Investment Managers. Through conviction management, Mirova’s goal is to combine long-term value creation and sustainable development. Pioneers in many areas of sustainable finance, Mirova’s talents aim to continue innovating to offer their clients solutions with high environmental and social impact. Mirova has been active in the energy transition infrastructure sector for 20 years and has financed more than 330 projects for a total of over 6.5 GW of potential generation capacity across Europe and Asia. Reaffirming its position as a major European player in renewable energy, storage and low-carbon mobility, the company has recently completed the raising of €1.6 billion for its fifth energy transition infrastructure equity fund. Mirova and its affiliates manage €29 billion and €3.4 billion for energy transition infrastructure investments as of March 31, 2022. Mirova is mission-driven company, labelled B Corp*.

*The reference to a ranking or a label does not prejudge the future performance of the funds or its managers.

About Banque des Territoires

Set up in 2018, Banque des Territoires is one of Caisse des Dépôts’ five areas of expertise. It brings together within a single structure all of our in-house expertise for local areas. As a one-stop shop for customers, it provides bespoke solutions in terms of consulting and financing through loans and investment to meet the needs of local authorities, social housing bodies, local public undertakings and the legal professions. It has been set up to serve the interests of all local areas alike, from rural municipalities to large cities, with the ambition of combating social inequality and territorial divisions. Banque des Territoires is also rolled out across Caisse des Dépôts’ 16 regional managements and 37 territorial offices so as to resonate more meaningfully with our customers, in their neighbourhoods.

About NEoT Capital

NEoT Capital is a management company dedicated to supporting the energy transition to zero-emission mobility and low-carbon energy. Founded by leading industrialists, NEoT Capital creates and manages investment platforms that finance the deployment of zero-emission equipment based on innovative energy storage solutions. NEoT Capital brings together leading investors who will invest in these assets, carry them, and make them available to local authorities or operators as global services. Thanks to NEoT Capital’s technical and financial expertise, these services include not only financing but also support in the management and development of the equipment.

About Northern Offshore Service

Northern Offshore Services (N-O-S) is one of the leading providers of Crew Transfer Vessels (CTV) in the European market. N-O-S operates about 45 vessels, most of which are CTVs but include smaller tankers and other supply vessels. In addition, the company has a complete set of onshore technical and commercial management services in-house. N-O-S has offices located in Gothenburg (SE), Copenhagen (DK) and Norfolk (UK).

Northern Offshore Services is part of Northern Offshore Group (N-O-G), an entrepreneurial group of well-established, privately owned companies operating in various parts of the maritime industry. The Group has a clear vision and values rooted in the strong shipping culture and entrepreneurial spirit of Donsö, an island in Gothenburg’s southern archipelago in Sweden.

For media inquiries, please contact:

Aurélien ACHARD, e-Mobility Director: aurelien.achard@neotcapital.com