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Financing Structures & Capital Sources

Blended Finance for Maritime Decarbonisation

Reviewed 2026-11-05

Summary

Blended finance combines commercial capital with eligible public, concessional or risk-sharing instruments for a decarbonisation investment.

Why this matters in ship finance

Public risk support may improve the bankability of technologies with uncertain adoption costs or limited operating histories.

The concept

Support may take the form of grants, guarantees, subordinated capital or technical assistance; each programme has distinct eligibility, State-aid and procurement conditions.

How it is used in practice

Build a sources-and-uses table separating grants, repayable debt, first-loss support and sponsor equity; stress non-award or delayed disbursement.

Practical issues

Do not treat EU Taxonomy alignment as automatic grant eligibility. Apply the programme’s live rules and check cumulative State-aid constraints. ECA eligibility follows its separate OECD/EU framework.

How ShipFinance.ai uses this concept

Compare commercial-only and blended funding cases and disclose the subsidy-equivalent assumptions.

Key takeaways

  • Public support is conditional, not bankable until committed.
  • Risk-sharing affects financing economics differently from grants.
  • Regulatory and programme eligibility must be checked independently.