In Canada, BC Ferries has secured a $75 million loan from the Canada Infrastructure Bank (CIB) to finance the purchase of four zero-emission battery electric ferries Canada Infrastructure Bank and the installation of necessary charging infrastructure. This project aims to reduce 9,000 tonnes of greenhouse gas emissions annually by fiscal 2027, contributing to Canada’s goal of net-zero emissions by 2050.
The new Island Class vessels will serve smaller volume and shorter routes, replacing existing diesel-hybrid ferries, which will be reassigned to routes with aging fleets.
The CIB’s investment covers the higher upfront costs associated with electric ferries and charging infrastructure, accelerating the electrification of BC Ferries’ network. Repayment will come from standard operating revenues, including passenger fares and retail sales.
“[This partnership] will help to accelerate the electrification of one of the world’s largest ferry networks,” said Ehren Cory, CEO of the CIB. “In addition to their environmental benefits, the new vessels will be quieter and offer more enjoyable commutes for local residents and visitors to communities in the greater Vancouver area.”
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Tags: battery electric ferries, BC Ferries, Canada, Canada Infrastructure Bank
Category: Sustainable Marine Fuels
