Port of Aberdeen Shore Power
QMPF has recently advised Port of Aberdeen (PoA) on the business case for its shore power project.
The project involves the construction of electrical harbour connections which will allow docked vessels to connect directly to the PoA electricity supply from the National Grid. This will reduce the need for vessels to burn marine fuel whilst docked, greatly reducing their carbon emissions. The model assumes a ramp up in demand over the first five years after implementation, after which all power demand in the Albert and Mearns docks will be met by the shore power supply. This project will create a revenue stream to PoA from the sale of the electricity and aims to reduce carbon emissions in the harbour.
QMPF developed a financial model for the scheme and delivered the financial section of the business case. QMPF was sub-contracted by the appointed technical advisers (Buro Happold) and worked with them on this remit to deliver a base case financial model and sensitivity analysis.
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