New Zealand Green Investment Fund announced its first investment decision on 18 June 2020, providing $15 million to Wellington port CentrePort to be used to finance low carbon initiatives.
The green credit facility provided by NZGIF will be used exclusively to fund low carbon projects which will reduce CentrePort’s overall carbon footprint, such as the introduction of electric vehicles, on-site renewable energy generation and energy efficient upgrades. Successful investment in electrification, renewables and efficiency will not only assist the port to achieve its climate goals and reduce the region’s carbon footprint, but also provide an example for other firms, in the port sector and beyond.
