NatWest agrees GBP 275 million loan package for North Star vessel expansion
NWG•Purpose of the new vessels
The new vessels target offshore wind farm access and maintenance, while also strengthening North Star’s UK North Sea emergency response capacity.
Climate and transition finance goal
The financing supports NatWest’s goal to provide GBP 200 billion of climate and transition finance by end-2030.
Loan package to fund North Star expansion
NatWest agreed a GBP 275 million lending deal to fund North Star’s offshore energy expansion, alongside a group of lenders.
Royal Bank of Scotland structured the facility to support the purchase of four specialist service operation vessels.
