Europe bets big on wind
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 26 January 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
From the BBC World Service: A group of European countries has signed a clean energy pact, committing to build an offshore wind power grid in the North Sea. The agreement is in contrast to the U.S. and President Donald Trump's strong opposition to wind power. Then, gold hit another high. Plus, Peru’s Chinese-funded “mega port” has ambitious plans to become a local and regional hub for Latin America, but is it delivering?
Transcript
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| 0:38.6 | Europe bets big on wind power. Live from the UK, this is the Marketplace Morning Report from the BBC World Service. |
| 0:44.3 | I'm Guy Kilty, good morning. A group of European countries has signed a clean energy pack today, |
| 0:50.3 | committing to build an offshore wind power grid in the North Sea. Ten countries, including the UK, |
| 0:55.3 | France, Germany and Norway, will create wind farms designed to provide power to millions of homes across Europe. It's in contrast to the US where President Trump has been vocal in his |
| 1:00.3 | opposition to wind power. Justin Roller is the BBC's climate editor. Hi Justin. Hi there. So just run us |
| 1:07.1 | through exactly what's been agreed and who's agreed it. So the signing was at a future of the North Sea Summit in the German city of Hamburg, |
| 1:16.3 | and 10 energy ministers from European countries agreed to deliver by 2050, 300 gigawatts of power. |
| 1:26.1 | When you think that about 14 gigawatts of power is enough to power 10 million European homes, |
| 1:32.3 | you realise this is an absolutely extraordinary commitment to renewable power. The initial agreement was actually signed three years ago. |
| 1:39.6 | This declaration will put the kind of flesh on the bones. And really interestingly, one of the |
| 1:45.5 | initiatives that they want to introduce is they want the wind farms to be connected to multiple |
| 1:50.1 | countries so that the electricity can be directed to whichever country needs it most. And they say |
| 1:55.2 | this will smooth peaks in demand and also should reduce prices across the continent. |
| 2:01.1 | A big commitment, as you say, but there's not exactly consensus around the world around wind power |
| 2:06.1 | at the moment is that, as we heard in Davos last week. |
| 2:08.6 | We did. We saw the American president railing once again, tilting once again against what |
| 2:13.8 | he describes as windmills. And there's been some discomfort within Europe about |
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