Seacap launches green port financing

As the world’s first capital partner focused solely on sustainable ports, Seacap aims to break the main barrier to port decarbonisation: access to capital.

“We’ve developed a model that removes the biggest barrier: access to capital,” said co-founders Robert Svendsen and Styrk Bekkenes. “Our solutions make it possible to act today – not five or ten years from now.”

Founded by a team of experts in finance, maritime operations and green technology, Seacap has secured backing from a major European investment fund, giving it access to over €300 million. These funds are earmarked for shore power and zero-emission infrastructure projects at ports across Europe.

Seacap will fund both new developments and upgrades to existing port facilities, offering long-term support for multi-phase investments. This approach helps ports comply with tightening EU regulations and meet growing expectations from shipping companies and cruise lines demanding zero-emission facilities.

“Many ports are municipally owned, with competing investment needs in schools, healthcare and other infrastructure,” said Bekkenes. “With Seacap, green port development doesn’t have to compete with other vital public projects.”

Seacap plans to begin its operations in Norway, using the country’s leadership in electrification before expanding across Europe.

“It’s only natural that Norway leads the way,” added Svendsen. “But our focus is pan-European. We want to be the accelerator for the maritime industry’s zero-emission transition.”