Eurazeo has announced that its Eurazeo Sustainable Maritime Infrastructure (ESMI) fund has raised EUR200 million (US$211 million). The fund aims to support the transition of the global maritime industry to a carbon-neutral economy by 2050, in line with the European Green Deal’s ambition.

The European Investment Fund (EIF) has made an investment of EUR70 million (US$73.85 million) in ESMI, using resources from the European Fund for Strategic Investments (EFSI). The target size of the Eurazeo Sustainable Maritime Infrastructure fund is EUR300 million (US$361.32 million).

The total investment will contribute to finance three main assets: vessels equipped with environmentally friendly technology that use more efficient or alternative fuels, innovative port equipment and infrastructure to aid ecological transition, as well as assets that support the development of offshore renewable energies.