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20 Jan 2025

Cavotec Secures a Multi-Million Euro Deal in Shore Power Orders for Italian Ports

20 Jan 2025  by offshore energy   
As disclosed, the company received the orders at the end of 2024. Deliveries for these projects are slated between early and mid-2026.

This development comes as part of an initiative by Italy from July 2024. Namely, back then, Italy notified the EU Commission of its plans to adopt a €570 million scheme to incentivize ship operators to connect to shore-side electricity infrastructure when at berth in maritime ports to power onboard services, systems, and equipment.

As described, the EU-backed aid would entail a reduction of up to 100% of the so-called ‘general system charges’, resulting in a lower electricity price for ship operators when purchasing shore-side electricity.

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