Overview
- Governments, grid operators and the offshore industry agreed to network up to 100 GW of capacity and to keep offshore tenders flowing beyond 2030 to support a cross‑border build‑out.
- Industry pledged a 30% reduction in levelized power costs by 2040, €9.5 billion for European manufacturing by 2030 and 91,000 additional jobs under the investment pact.
- Security of undersea cables, pipelines and grids moved up the agenda, with NATO represented at a high level as officials cited rising hybrid threats to maritime infrastructure.
- Delivery risks persist as sector groups warn Germany could reach only about 20 GW of offshore capacity by 2030 versus a 30 GW target, citing a failed 2025 auction, grid‑connection delays and calls for market fixes such as two‑sided CfDs and stronger PPA frameworks.
- Germany and Denmark signed a cooperation agreement on the Bornholm Energy Island to create a 3 GW hub in the Baltic, with 2 GW slated for Germany and an estimated €7 billion cost, while environmental groups urged stricter safeguards for marine ecosystems.