ATP has invested an undisclosed sum in a new geothermal power plant that will extract hot water from the subsoil below the city of Aarhus, Denmark. The state pension provider will own a 37-percent stake in the company, which seeks to develop a business based on a hitherto untapped energy source.
It's one of those bets that a pension fund has to take, according to Bo Foged, group chief executive of ATP.
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