Ten Nations Commit $11 Billion To Make The North Sea A 100 GW Powerhouse - CleanTechnica

Ten European nations bordering the North Sea—the UK, Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway, and Iceland—are set to sign an agreement on January 26, 2026, in Hamburg to develop a 100 GW offshore wind power network. This initiative aims to transform the North Sea, historically a major oil and methane production region, into one of the world’s largest clean energy reservoirs. The total investment for this project is expected to exceed $11 billion by the end of the decade. Key components of the agreement include harmonizing turbine specifications and distribution systems to reduce offshore wind costs by 30% through improved design and permitting processes. The project is anticipated to attract over a trillion dollars in offshore wind investments by 2040 and create more than 90,000 jobs in clean energy sectors. It also promotes removing regulatory barriers to power purchase agreements, facilitating direct contracts between producers and corporate consumers. European energy leaders emphasize that this cooperative effort will enhance energy security