Danish pension funds braced to invest billions in energy

Danish pension funds have big plans for investments in energy projects. They are prepared to put up billions of Danish kroner if the right project comes along. But the money in various pension funds is not all the same, shows a survey conducted by FinansWatch and EnergyWatch among some of the country's largest pension players.

BY VIKTOR BRANDT KÆRGAARD, MICHAEL TRIER DUELUND

Published: 27.11.17 at 13:50

In the hunt for higher returns without too much risk, an increasing number of pension funds have turned toward investments in energy. And while huge sums have already been thrown into wind and solar power, there are more technologies on the way, explain Danish pension funds in a survey conducted by EnergyWatch and sister site FinansWatch.

Denmark's PKA and PFA have paid DKK 17 billion (EUR 2.3 billion) for a combined 50-percent ownership stake of the offshore wind farm Walney Extension. But both firms state that there is more to come.

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