REN, the nation's energy manager, confirmed this exceptional feat on Monday, highlighting the significant progress made in Portugal's sustainable energy endeavors.

This crucial step underscores the project's commitment to meticulous planning and sustainable infrastructure development, supporting its ambitious clean energy goals.

The proposed project, with an estimated value of USD 1.3 billion, aims to establish Bangladesh's inaugural 500 MW utility-scale offshore wind energy facility, marking a significant step toward the country's renewable energy objectives.

Both nations have committed to strengthening collaboration in various key areas to accelerate the transition to renewable energy and promote sustainable practices.

The project aims to combine the potential of large-scale offshore wind energy with green hydrogen production, fostering sustainable local development and aligning with the energy objectives of both Åland and the wider European region.

These initiatives are expected to yield a combined capacity of up to 1.9 GW, providing renewable electricity to both the UK grid and offshore oil and gas platforms.

Greece announced plans for its inaugural offshore wind farms, designating key areas for private development in a draft plan unveiled by the country's conservative government on Tuesday.

The company has made the difficult decision to discontinue work on its U.S. offshore wind projects Ocean Wind 1 and 2.

Germany, leading the charge, is expected to achieve a record high in total solar PV capacity, while other emerging markets like Poland and the Netherlands are also experiencing considerable growth, predominantly due to the increasing popularity of rooftop installations.

The wind turbine disaster has overshadowed the company's profitable businesses, triggering significant investor unease and reflecting broader challenges in the German industrial landscape amid the green energy transition.