Wedoany.com Report-May 27, On May 26, Seacap, a new company focused on sustainable port development, was launched as the world’s first capital partner dedicated to shore power and emissions-free port infrastructure. Backed by a European investment fund with over €300 million allocated for green port projects, Seacap aims to support ports across Europe in transitioning to sustainable operations.

Led by Norwegian founders Robert Svendsen, Styrk Bekkenes, and Torvald Ulland Reiestad, Seacap brings together expertise in finance, maritime operations, and green technology. The company focuses on developing shore power and other eco-friendly infrastructure for both new and existing ports, enabling expansions, upgrades, and multi-phase investments to reduce emissions.

Seacap’s partnership with the European investment fund provides access to significant funding, positioning the company as a long-term partner for ports seeking to decarbonize. This model addresses financial barriers, allowing ports to prioritize sustainability without competing with other public funding needs, such as schools or healthcare. Svendsen and Bekkenes stated: “We’ve developed a model that removes the biggest barrier: access to capital. Our solutions make it possible to act today – not five or ten years from now.”

They added: “We offer a simple structure and long-term certainty – allowing ports to take control of their green transition. It is good for the municipal owners, for the climate, and for the users of our ports who are increasingly demanding green solutions for their vessels.” Seacap aims to accelerate the maritime industry’s shift to zero-emission solutions, enabling ports to adopt sustainable practices without financial risk.

Norway, with its advanced electrification policies, serves as the starting point for Seacap’s broader European initiative. The country has set ambitious goals to reduce greenhouse gas emissions by 70-75% by 2035 compared to 1990 levels, building on its Paris Agreement commitment of a 55% reduction by 2030. Norway’s mandate for all ferries to transition to electric propulsion by 2030 aligns with Seacap’s mission to support sustainable maritime infrastructure.

By providing capital and expertise, Seacap enables ports to meet growing demand for green solutions, enhancing operational efficiency and environmental sustainability across Europe’s maritime sector.