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Green Shipping Fund

The Green Shipping Fund, managed by PROW Capital, is a financing initiative dedicated to promoting environmentally sustainable practices in the maritime industry. The fund provides capital to shipowners and operators for projects that enhance energy efficiency, reduce emissions, and adopt green technologies, thus supporting the transition towards more sustainable shipping operations.

Programme name

Green Shipping Fund

Objective(s) and scope

The Green Shipping Fund (GSF) is a EUR 420 million private debt fund which provides tailor-made debt financing for new and existing vessels that comply with PROW Capital’s eligibility criteria, or for emissions-reducing retrofits.

PROW Capital’s ambition is to make zero emission shipping a reality and become a viable long-term alternative to the traditional banks in the maritime sector.

Type of finance provider

Private

Administering body

PROW Capital B.V

Financing product

Mortgage Loans

Financing value

Total fund value of EUR 420,000,000, with an average investment size of EUR 15-45 million for short- and deep-sea vessel owners and operators located in Europe.

Eligible countries

European countries – Contact PROW Capital for more information

Eligibility criteria (if available)

Eligible ships outperform standard “reference ships” measurably by at least 20%. Eligibly ships include a.o.:

  • Vessels fuelled by LNG, LPG, Methanol, ammonia and hydrogen
  • Fully Electric ships
  • Hybrid Eco ships, combining batteries with MGO or low emission fuels
  • Emissions-reducing retrofits, such as wind-assist, etc.

Excluded are crude tankers, ships dedicated to the transportation of coal, and ships running on HFO.

Further information on eligibility criteria

Application period

6-8 weeks

Technology type

All proven technologies installed on ships.

Technology readiness level (TRL)

TRL 8-9 – Contact PROW Capital for more information.

General publications19 June 2024
Green Shipping Fund

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