Solstad Offshore receives a major grant from Innovation Norway – investing more than 300 MNOK in green technology
Solstad Offshore ASA (“Solstad” or “Company") targets a 50% global fleet emission reduction by 2030. Over the next 3 years the Company will be investing more than 300 million NOK in battery hybrid conversion projects linked to a grant award of 87 MNOK from Innovation Norway.
A total of 11 vessels are planned to be upgraded over the next three years. The vessels will undergo battery hybrid conversions and will be able to connect to shore power in ports and harbors. After completion of this program Solstad will have a total of 21 battery hybrid vessels in its fleet.
The planned upgrades