New finance deal to support offshore green energy switch

Stavanger-based Blueday Technology has teamed up with sustainable energy infrastructure fund manager SUSI Partners to offer a new financing structure for offshore and marine asset owners.

Blueday Technology said on Wednesday that €50 million ($56.1 million) was made available for its clients to install integrated hybrid power energy systems.

The financing scheme will assist asset owners with a significant, upfront capital investment, which will enable installing hybrid energy systems.

According to Blueday, 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.

“Blueday Technology is at the forefront of hybrid technology. Our […] 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.”

Blueday also claimed that its customers reported up to 27 percent fuel use reduction and 95 percent reduction in emissions.

The company added that, under the new arrangement, asset owners and operators who want to install hybrid energy systems would face no upfront costs – instead they would pay a monthly fee.

Gustavo Coito, director in SUSI Partners’ investment team, stated: “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.”

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