Fugro jumps 8.5% on North Sea offshore wind agreement
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Fugro's shares rose 8.5% following a joint initiative by nine countries to accelerate offshore wind development in the North Sea, aiming for 100 GW capacity by 2050. Analyst Luuk van Beek from Degroofpetercam noted that the agreement will stabilize demand for suppliers like Fugro and improve project activity. Wind developers plan to invest €9.5 billion over the next five years to enhance capacity, indicating a positive outlook for offshore wind companies in Europe.
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