Green Shipping Fund (PROW Capital)

Enriched multilateral · Found: 2026-05-06 17:12

EUR 420 million private debt fund providing tailor-made debt financing for new and existing vessels complying with PROW Capital eligibility criteria, or for emissions-reducing retrofits. Promotes sustainable maritime practices.

Source: https://transport.ec.europa.eu/transport-modes/maritime/ship-financing-portal/green-shipping-fund_en

Funding Details

Funder

PROW Capital B.V.

Funding Goal

Provide tailor-made debt financing (mortgage loans) for new and existing vessels that comply with PROW Capital's green eligibility criteria, or for emissions-reducing retrofits, to support the maritime industry's transition to zero-emission shipping.

Funding Amount

Average investment size EUR 15–45 million; total fund EUR 420 million (15.000.000 € – 45.000.000 €)

Deadline

Rolling basis (Rolling)

How to Apply

Application period is 6-8 weeks. Contact PROW Capital directly: contact@prow-capital.com. More info: https://www.prow-capital.com/green-shipping-fund/

Target Region

European countries (shipowners/operators); vessels may operate globally

Contact

contact@prow-capital.com

Last Checked

2026-05-06 22:33

Application Checklist

Eligibility

• Applicant must be a shipowner or operator located in Europe
• Vessel must outperform standard reference ships by at least 20% on emissions

Project Scope

• Ship must use low-emission or zero-emission fuel/technology (LNG, LPG, methanol, ammonia, hydrogen, electric, hybrid, wind-assist)

Required Documents

• Application process takes 6-8 weeks; no fixed deadline (rolling)

Constraints

• Excluded vessel types: crude tankers, coal transport ships, HFO-powered ships
• Financing instrument is debt (mortgage loan), not a grant
• Average loan size EUR 15-45 million

Summary

The Green Shipping Fund (GSF) is a EUR 420 million private debt fund managed by PROW Capital B.V., dedicated to promoting environmentally sustainable practices in the maritime industry. It provides tailor-made debt financing — specifically mortgage loans — to shipowners and operators seeking to finance new green vessels or to retrofit existing vessels with emission-reducing technology. Thematically, the fund supports the transition to zero-emission shipping. Priority technologies include vessels fuelled by LNG, LPG, methanol, ammonia, and hydrogen; fully electric ships; hybrid eco ships combining batteries with MGO or low-emission fuels; and emissions-reducing retrofits such as wind-assist systems. The fund explicitly excludes crude tankers, coal transport ships, and vessels running on heavy fuel oil (HFO). Eligible projects must demonstrate a minimum 20% emissions outperformance compared to standard reference ships. The fund is not a grant programme. It provides debt financing (mortgage loans) with an average investment size of EUR 15–45 million, catering to short- and deep-sea vessel owners and operators. The application process takes 6–8 weeks. Geographically, the fund targets European shipowners and operators, though the vessels financed may operate internationally. The fund is listed on the European Commission's Ship Financing Portal (DG MOVE) for informational purposes. Eligible applicants are shipowners and operators based in European countries. NGOs, non-profits, and organisations outside the maritime shipping sector are not eligible. The fund operates on a rolling basis with no fixed application deadline.

Historical Context

The fund is listed on the European Commission's Ship Financing Portal. Fund information published June 2024. Total fund size EUR 420 million, managed by PROW Capital B.V.

Why it was added

discovered from funder #670: Green Shipping Fund (EU)

Sources

• https://transport.ec.europa.eu/transport-modes/maritime/ship-financing-portal/green-shipping-fund_en

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