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EU Funding Boost for Tallinna Sadam's Sustainable Power Project

EU Funding Boost for Tallinna Sadam's Sustainable Power Project

Significant EU Funding for Tallinna Sadam's Power Supply Initiative

The European Union has recently greenlit funding for the ambitious PoTOPS (Port of Tallinn Onshore Power Supply) project led by AS Tallinna Sadam. This initiative aims to establish a robust onshore power supply for cruise ships at two quays within the Old City Port, targeting implementation by 2030.

Infrastructure Development and Funding Details

This extensive project, which is projected to span over three years, encompasses the construction of a vital power grid connection to the Elering main grid, alongside the establishment of a 110/10kV substation and the necessary onshore power infrastructure equipped to accommodate cruise ships. The new substation will be capable of delivering power to two cruise vessels simultaneously at quays 26 and 27 and is designed to meet the future demands of hybrid and fully electric Ro-Pax ships.

With an estimated total cost of approximately 39.7 million euros, the project will receive up to 30% of its funding from the EU’s Connecting Europe Facility (CEF) Alternative Fuels Infrastructure measure (AFIF). The investment plan has been officially approved by the Council of Tallinna Sadam, and preparations for the project are set to commence without delay.

Commitment to Sustainable Cruise Tourism

Valdo Kalm, the Chairman of the Board at Tallinna Sadam, emphasized the importance of the onshore power supply initiative in terms of sustainability for cruise shipping. He stated, “Cruise tourism is vital for Tallinna Sadam's operations, as it not only enhances our business but also generates jobs and economic opportunities for the broader tourism sector. To ensure cruise ships continue to visit Tallinn, we must provide modern and eco-friendly onshore power solutions by 2030.”

Alignment with European Green Deal Goals

The overarching goal of the Tallinna Sadam PoTOPS project aligns with the European Green Deal's objectives, aiming for climate neutrality by 2050. The project adheres to the guidelines set in Regulation (EU) 2023/1804 concerning the deployment of alternative fuels infrastructure, as well as the TEN-T Regulation (EU) 2024/1679, which advocates for more sustainable port activities.

Overview of Tallinna Sadam's Operations

Tallinna Sadam is a key player in the Baltic Sea region, recognized as one of the largest cargo and passenger port complexes. Beyond its passenger and freight services, Tallinna Sadam operates in the shipping sector through its subsidiaries. OÜ TS Laevad offers ferry services connecting the Estonian mainland with its largest islands, while OÜ TS Shipping manages the multifunctional vessel Botnica, which serves in icebreaking and offshore projects both locally and internationally. Additionally, the group holds a stake in AS Green Marine, which specializes in waste management services.

Contact Information for Further Inquiries

For further information regarding the project or any related inquiries, please reach out to:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
E-mail: angelika.annus@ts.ee

Frequently Asked Questions

What is the PoTOPS project?

The PoTOPS (Port of Tallinn Onshore Power Supply) project aims to create onshore power supply facilities for cruise ships at Tallinna Sadam.

What is the total cost of the project?

The estimated total cost of the PoTOPS project is around 39.7 million euros.

How will the project be funded?

Up to 30% of the project costs will be covered by the EU's Connecting Europe Facility (CEF) Alternative Fuels Infrastructure measure.

When is the project expected to be completed?

The project is planned to be completed by 2030, with construction expected to start shortly.

Who manages Tallinna Sadam?

Tallinna Sadam is managed by an experienced board, with Valdo Kalm serving as the Chairman.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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