A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
First year tracking of the Danish pension fund commitment towards USD50 billion in green investments by 2030
Insurance & Pension Denmark CEO, Ken Damsgaard reported that Danish pension funds have invested $8 billion in green projects since the 2019 Climate Action Summit in New York. This far exceeds earlier expectations and could lead to Danish pension funds reaching their $50 billion green investment target three years ahead of schedule.
Walney Extension Offshore Wind Farm - PFA & PKA
In 2017, PKA invested DKK 3.2 billion in an offshore wind farm located at the East Irish Sea off the UK East
Coast. With a capacity of 659 MW, the wind farm supplies green power to 590,000 homes in the UK. With the investment, PKA acquired a 25 % equity interest from Ørsted who still owns 50 % of the wind
farm. The remaining 25 % is owned by PFA.
ASSET CLASS
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Infrastructure - Green energy
GREEN DIMENSIONS
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Energy production - Wind
CONTACT
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PFA contact:
Christian Storm Schubart
Director, Head of ESG - ESG
PKA contact:
Dewi Dylander
Deputy Executive Director), Head of Sustainable Investments (ESG)
ddy@pka.dk
VALUE IN US DOLLARS
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USD 400 mio. (PFA) & USD 470 mio. (PKA)
EXPECTED MATURITY
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25 years (PFA) & 2042 (PKA)
LINKS
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Read more of the Walney Wind Farm
GEOGRAPHIC LOCATION
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United Kingdom
FORM OF FUNDING
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Equity
PARTNERS
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The project is a shared-ownership project. PFA owns 25% of the equity in Walney Extension Offshore Wind Farm, PKA acquired a 25 % equity interest from Ørsted who still owns 50 % of the wind farm.