Spanish ports need 4,500m euros to meet decarbonization targets

consider the energy transition of the set Spanish ports will require an investment of more than 4,500 million Euros for its installation. renewable energy, electrification of ports and biofuel production for ships.

According to the report of Ocean Capital Partners, which manages the Malaga and Algeciras passenger terminals and is the majority shareholder of the mega marina in Malaga, 4,000m euros will be required for this final leg of the energy transition alone.

Specifically, this amount production of biofuels such as methanol, ethanol or hydrogen, Considering that 10% of current consumption is produced in Spain.

on his behalf Reducing the carbon footprint by 50% by 2030 compared to 2019 will mean installing approximately 300 megawatts (MW) of renewable energy, this amounts to a corresponding investment of around 300 million euros.

Likewise, adapting the electricity supply to ships in accordance with European regulations (OPS) will require an investment of around EUR 450 million for all national ports.

This decarbonisation target is included in the Port System Strategic Framework of General Interest, which the Government approved at the end of 2022, which proposes a roadmap to transform the Spanish port system into a series of smart, hyper-connected and synchromodal ports. It has the ability to optimize the management of cargo and passenger flows in conditions of safety and sustainability.

Other goals he has set are Reducing tax pressure by 12% with port taxes, To double the share of railways in land port traffic compared to 2019, or to increase the average efficiency of the system by 25%.

For Ocean Capital Partners, achieving these goals comes with certain challenges, such as the challenge of digitizing ports where it deems more public-private collaboration necessary, or the risk that some investments will be attempted to be financed by rate hikes. Companies that the industry believes will worsen its competitiveness.

Likewise, heCO2 reduction targets also risk diverting traffic to other ports with less environmental pressure, such as Africa.for example, very close to the big port of Algeciras.

Source: Informacion

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