Development plans for Rotterdam
Global Energy Storage (GES), which launched in May this year, has announced its first major investment at Europoort in the Port of Rotterdam.
It is buying an interest in part of the assets of the Stargate Terminal from Gunvor Group and will develop more than 20 hectares at the heart of the port. The deal has been formally approved by the Port of Rotterdam Authority.
The site includes a significant waterfront with deep water access, brownfield development opportunities and potential greenfield development sites.
GES’ ambitious plans include the development of a new multi-purpose seagoing jetty, as well as developing additional infrastructure.
Peter Vucins said, “This project aims to become one of the largest low-carbon developments at a worldclass industrial hub, with the potential to significantly reduce the carbon footprint of future business in the Port of Rotterdam. Alongside a new jetty that we aim to develop and low-carbon commodity infrastructure, we are also looking to become part of the logistics chain needed to import blue and green hydrogen. I hope this gives a glimpse of the size of our ambitions.”
The Port of Rotterdam is Europe’s largest port, with deep-water access and world-class connectivity to inland waterways and pipeline infrastructure.
GES is backed by Bluewater, the specialist international private equity firm focused on the middle-market energy sector