23 Apr 2025 12:46
A new state support measure is allocating €25 million to the eco-friendly retrofitting of ships in Estonia, aiming to attract projects worth up to €170 million. The funding helps shipping companies transition their vessels to cleaner technologies, reducing emissions and improving air quality both at sea and along the coast.
The support is available to companies planning to retrofit civilian passenger, cargo, port, or support vessels in Estonia. The maximum grant per project is €5 million, with the funding share ranging from 15% to 30%, depending on the investment and the vessel’s connection to Estonia. The support can be used to install hybrid engines, equipment running on green fuels, exhaust gas cleaning systems, shore power solutions, and technologies that reduce weight and increase efficiency.
Minister of Infrastructure Kuldar Leis has emphasized that global demand for cleaner maritime transport is growing rapidly, and Estonian marine industry companies already have the skills and experience to offer world-class retrofitting services. This measure is expected to create jobs, increase tax revenue, and boost economic growth while strengthening Estonia’s position in the international maritime sector.
Deputy Secretary General for Maritime Affairs and the Aquatic Environment Kaupo Läänerand added that Estonian companies are well-positioned to provide innovative and sustainable solutions—from main contracting and design to building local supply chains and completing the projects in full.
The support measure is financed from revenues generated through the EU Emissions Trading System. It is part of the state’s broader strategy to cut emissions and promote green technologies.
Companies interested in applying should review the detailed conditions and prepare the necessary documentation. This support scheme offers an excellent opportunity to contribute to the development of Estonia’s marine industry and help shape a more environmentally friendly future.