Finance solutions for green, maritime infrastructure
A pilot project part of the Green Shipping Programme
To ensure that the maritime sector succeeds in the green shift, it is crucial that the construction of green, maritime infrastructure accelerates. This includes all relevant infrastructure that supports the industry in the path to zero-emissions, such as production, distribution and bunkering of, for example, hydrogen, ammonia, biogas, LOHC and electricity. Innovative solutions such as offshore production, storage and bunkering of hydrogen may also be relevant.
A number of pilot and development projects for the use of zero and low-emission solutions in the maritime industry are already underway, and numerous analyses have been done to assess the need for such solutions in the years to come. However, there is no complete overview of the need and thus the potential for green, maritime infrastructure that covers all relevant technologies, solutions, and geographies in Norway - nor is there an overview of what kind of financing needs such infrastructure will require. This kind of "bird's eye view" will be useful for financial actors to work together with the industry and the public sector to develop financing solutions that can further accelerate the green shift and that ensure Norway achieves its climate policy objectives.
Objective
The main objective is establishing new, effective financing solutions for green, maritime infrastructure in Norway for institutional investors (pension funds, insurance companies, mutual funds, private and government investment funds, as well as banks).
Work package 1
This work package will collect data and information about the need for green, maritime infrastructure in Norway. The work package will include both mature projects and projects under planning with a longer time horizon. Specific investment requirements should emerge in this phase. At the same time, an assessment will be made of technological opportunities, barriers, and solutions for each project, as well as an assessment of the business case and risk profile.
Work package 2
Identify financial solutions that are relevant for institutional investors, opportunities for public-private partnerships as well as other forms of collaboration. This work package builds on the delivery in work package 1.
Status January 2022
The pilot was initiated in September 2021. The mapping of estimated infrastructure and investment needs are well underway, as well as detailed mapping of the value chains. This is to better understand business models and risks to a greater extent, which is central to the work of identifying suitable financing forms. This work is being conducted in collaboration with suppliers of ammonia and hydrogen. Phase 2 will start during Q1 22, and the pilot is planned to end at the end of Q2 22.
Project Partners
KLP (leader), UMOE, Eksfin, Ocean Hyway Cluster, Yara, DNB, Rockfjord, Altera Infrastructure, Menon, Gasnor.
