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January 2023

Climate Fund invests €10 million in Norsepower for accelerating emissions reductions in shipping

The Finnish Climate Fund has decided on a capital loan of at most 10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. Norsepower’s products save significant amounts of fuel and can enable emissions reductions measured in the millions of carbon dioxide tonnes during the next decade. Shipping emissions are a major climate challenge....

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Norsepower signs agreement with Socatra to install two Rotor Sails™️ on MR Tanker

Deal highlights the advantages of offshore application for a post-carbon future, using wind propulsion solutions to meet sustainability goals. Helsinki, Finland – Wednesday, 25th January 2023: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today signed a contract with Socatra, the leading French ship owner and operator, for the retrofit installation of two...

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Seatrade Hong Kong Webinar – Sustainable Finance, Shipping and Technology

Norsepower CEO & Partner Tuomas Riski spoke at the Seatrade Hong Kong Webinar – Sustainable Finance, Shipping and Technology in November 2022 alongside representatives from companies including BNP Paribas and DNV. The high-level panel discussed Hong Kong’s role in financing the industry’s green ambitions. Below Tuomas shares his perspective on some key take-aways from the...

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