Fashion groups Bestseller and H&M are set to invest in a 500MW offshore wind project that Copenhagen Infrastructure Partners and Summit Power are developing in Bangladesh.
Bestseller has announced it is to invest up to $100m in the scheme, while the level of H&M’s investment has not been disclosed. The developers are aiming for the $1.3bn project to be operational in 2028. Bestseller and H&M said the partnership would help them to reduce carbon emissions in their value chain.
Strategic communications, insight and events for the global energy transition.