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Big plans for ports
OCEAN CAPITAL PARTNERS
(OCP) calculate that Spanish ports will require a €4.5 billion investment if they are to meet lowcarbon energy targets.
This is the amount that will be needed nationwide for installing renewable energy sources, the electrification of ports and producing biofuel for vessels.
OCP, which manages the passenger terminals at the ports of Malaga and Algeciras and is the majority shareholder in Malaga’s superyacht marina, estimates that producing biofuels like methanol, ethanol or hydrogen alone would account for €4 billion.
Reducing Spanish ports’ carbon footprint to 50 per cent of 2019’s figure will require installing 300 megawatts of renewables, involving almost €300 million. It will cost another €450 million to provide the electricity supply for vessels in all Spanish ports while complying with European directives, OCP believes.
These decarbonisation objectives were included in the targets. central government’s Strategic Framework for General Interest Ports. Approved in 2022, this set out a route map for an informaticallysmart, wellconnected system able to deal with freight and passengers in safe and sustainable conditions.
For OCP, meeting these targets involves challenges like digitising the ports, which it considers will require greater publicprivate collaboration.
