H&M Group Partnered with Global Fashion Agenda for Offshore Wind Project in Bangladesh

H&M Group and Bestseller have joined forces with the Global Fashion Agenda (GFA) to develop the 500 MW offshore wind project in the Bay of Bengal on the coast of Bangladesh.

The commitment of USD 100 million is a component of the overall investment in the wind project, which seeks to utilize near-shore wind turbines situated off the coast of Cox’s Bazar, contributing sustainable energy to Bangladesh's power grid. Copenhagen Infrastructure Partners (CIP), renowned for its leadership in renewable green investments, will collaborate closely with authorities in Bangladesh and other crucial strategic partners to advance the project's development.