They will build and operate a dedicated electric shore power network, transforming major Asian ports into sustainability hubs.
Wah Kwong NatPower Holdings will develop grid-connected infrastructure in key Hong Kong locations, with plans to expand partnerships across Greater China and North Asia.
By enabling vessels to switch off fossil-fuel engines while at berth and charge batteries using low-emission electricity, the initiative will pioneer low-emission maritime connectivity.
READ: Cavotec launches mobile shore power for container ports
The new joint venture aims to launch its first projects in 2026, targeting high-traffic ferry, container terminals and the fast-growing cruising market in Asia.
It plans to deploy shore power infrastructure at more than 30 ports by 2030, creating the backbone of Asia’s first international clean charging corridor for ships, interconnected with the global network, for European and UK destinations first.
Operating under a Charge Point Operator (CPO) model, Wah Kwong NatPower Holdings will fully fund, build and manage the infrastructure, removing the need for upfront investment from port authorities.
Each site will be equipped with an integrated shore power system, including shore-side substations, battery energy storage, and smart grid interfaces to support both cold ironing and vessel propulsion charging.
READ: Helsingborg to debut shore power for container vessels
The JV reflects the privately funded model that NatPower Marine is already deploying in Europe.
In the UK and Ireland, the company is investing £100 million ($135 million) in partnership with Peel Ports Group to electrify key terminals, delivering shore power and vessel charging infrastructure along the Irish Sea and supporting more than 3,000 vessel movements annually.
Hing Chao, Executive Chairman of Wah Kwong, said: “As part of the wider Wah Kwong Group strategy, we continue to form new ventures delivering diversified decarbonisation solutions to address industry needs.
“This joint venture brings the industrial logic, financial backing and technical certainty the region has been anticipating in marine electrification.”
Stefano D.M. Sommadossi, CEO of NatPower Marine UK and Joint Director of the new company, stated: “Asia’s ports are the backbone of global trade and now they are becoming the frontlines of climate action. This partnership gives us the reach, capability and credibility to deliver the infrastructure needed to support net zero shipping at scale.”
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