Article

Nine European nations, including Belgium, Denmark, and the UK, have signed the Offshore Wind Investment Pact in Hamburg, committing to build 15 GW of offshore wind capacity annually from 2031 to 2040, with a target of 300 GW by 2050. The pact aims to reduce costs by 30% and create 91,000 jobs through a EUR 9.5 billion investment, while promoting regulatory cooperation and establishing a framework for joint offshore projects.