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North Sea Pact Aims for 100 GW Offshore Wind by 2050

1/28/2026

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Summary

Story summary

Energy ministers from nine North Sea countries signed the Hamburg Declaration at the North Sea Summit on January 26, 2026.
The pact targets 100 GW of offshore wind by 2050, building on a prior 300 GW commitment.
It includes up to €1 trillion in investment and 15 GW installed annually from 2031 to 2040.
The offshore wind industry commits to creating 91,000 jobs and reducing production costs.

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Story summary

Energy ministers from nine North Sea countries signed the Hamburg Declaration at the North Sea Summit on January 26, 2026.
The pact targets 100 GW of offshore wind by 2050, building on a prior 300 GW commitment.
It includes up to €1 trillion in investment and 15 GW installed annually from 2031 to 2040.
The offshore wind industry commits to creating 91,000 jobs and reducing production costs.