TOWT & PIRIOU
Bpifrance Assurance Export's internal guarantee supports committed stakeholders: Piriou, TOWT, CIC, etc. to respond to the climate emergency.
Their need
TOWT aims to create the largest fleet of cargo sailing ships in the world, while the Piriou group consolidates its position as a pioneering and leading French shipyard in the sailing sector.
Our Solution
Bpifrance Assurance Export has provided its guarantee on bank loans granted to TOWT for the construction of six new sailing cargo ships at the Piriou shipyard. With this internal guarantee product, Bpifrance is addressing three challenges: encouraging bank investment in innovative projects, accelerating the climate transition, and fostering the growth of pioneering French companies.
Internal guarantee
Specific coverage within the framework of credit insurance to support domestic contracts for equipment useful for the production and storage of low-carbon energy, hydrogen, etc.
Result
TOWT aims to build the world's largest fleet of sailing cargo ships, reducing CO₂ emissions per vessel by more than 90%. The Piriou Group, for its part, confirms its status as the French leader in sailing shipbuilding. This partnership strengthens France's position as a driving force for sustainable maritime innovation.
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