Nations Unite to Accelerate One of the World’s Largest Clean Energy Expansions

Ten European countries have pledged €9.5 billion to build shared offshore wind projects that will power up to 143 million homes by 2050, marking a major step toward long-term energy independence.

“We’re driving clean energy to deliver energy security, abundance and long-term stability,” said Ed Miliband, UK Secretary of State for Energy Security and Net Zero.

The agreement commits the countries to deliver 100 gigawatts of offshore wind capacity and to connect wind farms directly to multiple national grids via shared undersea infrastructure. The initiative is expected to mobilise up to €1 trillion in investment, create more than 90,000 jobs and reduce electricity production costs by around 30 per cent within 15 years. The projects build on earlier regional energy cooperation efforts and strengthen renewable electricity systems while reducing reliance on fossil fuels across Europe.