Fugro jumps 8.5% on North Sea offshore wind agreement

Fugro NV

27/01/2026 10:12

** Shares in Fugro FUGR.AS rise 8.5% after a new joint government initiative to accelerate offshore wind development across the North Sea region

** Stock on track for best day since October 26, 2023

** Analyst Luuk van Beek from Degroofpetercam says the agreement should stabilise demand for suppliers such as Fugro and DEME DEME.BR by smoothing swings in project activity and improving utilisation

** The accord, signed by nine countries around the North Sea, outlines plans to jointly develop 100 GW of offshore wind capacity before 2050, backed by coordinated planning, shared infrastructure, and joint financing via the European Investment Bank

** "This agreement is a positive for companies involved in offshore wind in Europe… It should help create a higher and steadier demand for their services," analyst says

** He adds wind developers have committed to invest 9.5 billion euros ($11.27 billion) over the next five years to increase capacity

($1 = 0.8426 euros)

 (Reporting by Jerome Terroy)

 ((jerome.terroy@thomsonreuters.com))