Climate Investor Two approves portable ballast water treatment funding
Climate Investor Two has approved an investment that could amount to €24.5 million to support the lease of Damen’s portable ballast water treatment solution InvaSave to customers in Africa, Asia, and Latin America.
The Damen containerised ballast water treatment system InvaSave offers a port-based solution to ships ill-equipped to treat their ballast water or wishing to supplement their existing treatment capabilities to meet higher standards. In addition, the system is currently the only one to be certified by the International Maritime Organisation, which is responsible for the implementation of the BWM convention. During the commercial phase, it is estimated that the systems will treat up to 36,000m3 of ballast water per day.
Climate Investor Two is a financing facility mandated to invest in water, sanitation and ocean infrastructure projects in emerging economies. It enjoys cornerstone support from the EU and the Dutch Fund for Climate and Development. The consortium that manages the 160 million DFCD also includes World Wide Fund for Nature Netherlands, Netherlands Development Organisation, and Dutch development bank FMO.
