European ports transforming Into green energy hubs
PORTS & SHIPPING

European ports transforming Into green energy hubs

Ports across Europe are racing to redefine their roles from being mere entry points for fossil fuel imports to becoming industrial clusters for clean energy. In Rotterdam, the largest seaport in the region, authorities and major energy companies are collaborating on a large-scale initiative. This project includes a network that integrates clean power generated by offshore wind farms, hydrogen production facilities, and pipelines for distributing the fuel to on-site and inland manufacturers.

The European Union is supporting the green transformation of ports with significant financial backing. Over €16 billion ($17.4 billion) has already been allocated for hydrogen-related projects, with an additional €5 billion set to be awarded to key cross-border initiatives in November.

These ports are expected to play a pivotal role in the EU's RePowerEU strategy, which aims to produce 10 million tons of renewable hydrogen and import another 10 million tons by 2030. By 2050, up to 42% of total hydrogen demand in the EU could be concentrated in port areas, driven primarily by industries and international shipping.

The Port of Rotterdam is planning to supply at least 4.6 million tons of hydrogen to northwestern Europe by the end of this decade, contributing significantly to the overall EU target. Under a project co-financed by the Dutch government and companies like Shell, BP, and Air Liquide, electrolysis plants will be powered by offshore wind farms, eventually reaching a capacity of 2-2.5 gigawatts by 2030.

The port is also investing in a network of pipelines, estimated to be worth €1.5 billion, connecting hydrogen plants to refineries. The goal is to expand this network by 2027 to ship green hydrogen across Belgium and Germany through the Delta Rhine corridor.

Other European ports, including the Port of Antwerp-Bruges, are also exploring hydrogen projects with investors, recognising the potential for storage capacity, pipelines, and production facilities in their transition to renewable molecules and electrons.

In addition to port transformations, the shipping industry itself is transitioning to cleaner fuels. Major companies like A.P. Moller-Maersk are ordering methanol-powered ships to reduce emissions.

The EU's decision on which cross-border projects qualify for green infrastructure financing this autumn is expected to provide further financial support for clean energy infrastructure across Europe. Deloitte estimates that the replacement of fossil fuels with renewable hydrogen in ports and coastal areas could reduce 655 million tons of carbon dioxide emissions, equivalent to 16% of all EU emissions in 2019.

Ports across Europe are racing to redefine their roles from being mere entry points for fossil fuel imports to becoming industrial clusters for clean energy. In Rotterdam, the largest seaport in the region, authorities and major energy companies are collaborating on a large-scale initiative. This project includes a network that integrates clean power generated by offshore wind farms, hydrogen production facilities, and pipelines for distributing the fuel to on-site and inland manufacturers.The European Union is supporting the green transformation of ports with significant financial backing. Over €16 billion ($17.4 billion) has already been allocated for hydrogen-related projects, with an additional €5 billion set to be awarded to key cross-border initiatives in November.These ports are expected to play a pivotal role in the EU's RePowerEU strategy, which aims to produce 10 million tons of renewable hydrogen and import another 10 million tons by 2030. By 2050, up to 42% of total hydrogen demand in the EU could be concentrated in port areas, driven primarily by industries and international shipping.The Port of Rotterdam is planning to supply at least 4.6 million tons of hydrogen to northwestern Europe by the end of this decade, contributing significantly to the overall EU target. Under a project co-financed by the Dutch government and companies like Shell, BP, and Air Liquide, electrolysis plants will be powered by offshore wind farms, eventually reaching a capacity of 2-2.5 gigawatts by 2030.The port is also investing in a network of pipelines, estimated to be worth €1.5 billion, connecting hydrogen plants to refineries. The goal is to expand this network by 2027 to ship green hydrogen across Belgium and Germany through the Delta Rhine corridor.Other European ports, including the Port of Antwerp-Bruges, are also exploring hydrogen projects with investors, recognising the potential for storage capacity, pipelines, and production facilities in their transition to renewable molecules and electrons.In addition to port transformations, the shipping industry itself is transitioning to cleaner fuels. Major companies like A.P. Moller-Maersk are ordering methanol-powered ships to reduce emissions.The EU's decision on which cross-border projects qualify for green infrastructure financing this autumn is expected to provide further financial support for clean energy infrastructure across Europe. Deloitte estimates that the replacement of fossil fuels with renewable hydrogen in ports and coastal areas could reduce 655 million tons of carbon dioxide emissions, equivalent to 16% of all EU emissions in 2019.

Next Story
Real Estate

Emaar to invest Rs 1,000 crore in Gurugram housing project

Emaar India, a prominent real estate developer, has announced a major new project in Gurugram, one of the most sought-after residential locations in the National Capital Region (NCR). The company is investing approximately Rs 1,000 crore in the development of a luxury housing project named ‘Amaris.’ The project, situated on Golf Course Extension Road in Gurugram’s Sector 62, will span over 6.2 acres and is expected to feature 522 high-end apartments, with a total development potential of 15 lakh square feet. This project, launched in response to the growing demand for premium residentia..

Next Story
Infrastructure Urban

Punjab-Haryana HC slams ED over IREO money laundering investigation

The Punjab and Haryana High Court criticised the Enforcement Directorate (ED) for conducting a ‘slipshod and unprofessional’ investigation into money laundering cases involving IREO and its functionaries. The court directed the ED's director to address the lapses in the probe. The court noted that the accused company's real estate assets were allowed to be disposed of without proper oversight. Justice Kuldeep Tiwari issued these directives after being informed of a November 6 order by a coordinate bench, in which Gulshan Babbar sought the cancellation of bail granted to IREO MD Lalit Goya..

Next Story
Infrastructure Urban

Capitaland to buy 40% stake in SC Capital Partners for $209.31 mn

Singapore's CapitaLand Investment announced that it plans to acquire a 40 per cent stake in SC Capital Partners Group (SCCP) for $280 million. Additionally, the company intends to invest at least $524 million in SCCP. The acquisition of the 40 per cent stake in SCCP, a Singapore-based real estate investment manager, is expected to increase CapitaLand's funds under management (FUM) by $11 billion. The company explained that this move would strengthen its presence in Japan, its key market, where 76 per cent of the additional $11 billion FUM is located. In its statement, CapitaLand emphasised t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000