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HomeLatest NewsThe energy transition of Spanish ports requires 4,500 million

The energy transition of Spanish ports requires 4,500 million

Date: May 31, 2023 Time: 15:55:07

Spanish ports are immersed in addressing the energy transition, and for this they require an investment of more than 4,500 million euros. This financing will be allocated to the installation of renewables, the electrification of ports and the production of biofuels for ships.

According to a report by Ocean Capital Partners, a firm that manages the passenger terminals of Malaga and Algeciras and is the majority shareholder of the Malaga mega-yacht marina, only this last leg of the energy transition boosting 4,000 million euros. Specifically, this import would go to the production of biofuels such as methanol, ethanol or hydrogen, considering that 10% of real consumption occurs in Spain.

For its part, reducing the carbon footprint by 50% by 2030 compared to 2019 will involve the installation of some 300 megawatts (MW) of renewables, which implies an associated investment of almost 300 million euros. Likewise, the adaptation of the electricity supply to ships in accordance with European regulations (OPS) will require an investment of approximately 450 million euros for all the national ports.

This decarbonisation objective is included in the Strategic Framework of the Port System of General Interest, which the Government concluded at the end of 2022 and which proposes a roadmap to convert the Spanish port system into a set of intelligent, hyper-connected ports, and synchronization of Optimize the management of cargo and passenger flows in conditions of safety and sustainability.

Other of the goals that it proposes are the reduction of 12% of the tax pressure via port taxes, multiplying by two the rail share in port land traffic or increasing the average efficiency of the system by 25%, all compared to 2019.

for ocean capital partners port taxes, which he believes will worsen the competitiveness of the sector.

Likewise, the CO2 reduction targets also carry a risk that traffic will be diverted to other ports with less environmental pressure, such as Africa, for example, very close to the large port of Algeciras.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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