Search results for: PFA

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  • 17 January 2014
    Business & Finance

    In continuation of the announcement that the Danish pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) and funds managed by Goldman Sachs Merchant Banking Division through New Energy Investment S.a.r.l. (Goldman Sachs funds) will invest a total of DKK 11 billion in DONG Energy A/S, four of the existing five minority shareholders have […]

  • 3 October 2013
    Business & Finance

    The Danish State represented by the Ministry of Finance and DONG Energy A/S have reached an understanding with funds managed by the Merchant Banking Division of Goldman Sachs (Goldman Sachs) and the Danish pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) on the main terms whereby Goldman Sachs, ATP and PFA will invest […]

  • 29 November 2013
    Business & Finance

    DONG Energy announced today that DKK 11 billion (over USD 2 billion) will be invested in the company, which will especially strengthen its role in the offshore wind industry. The Danish State represented by the Ministry of Finance, DONG Energy A/S, the Danish pension fund Arbejdsmarkedets Tillægspension (ATP), funds managed by the Merchant Banking Division […]

  • 26 April 2018
    Wind Farm Update

    The 659MW Walney Extension offshore wind farm is expected to be commissioned in the third quarter of 2018, Ørsted, the developer of the wind farm off Cumbria, UK.

  • 20 November 2017
    Business & Finance

    Legal & General has provided approximately GBP 300 million of long-term acquisition debt in support of Danish pension funds, PKA and PFA consortium’s GBP 2 billion purchase of 50% of Walney Extension from Ørsted (former Dong Energy).

  • 24 February 2014
    Business & Finance

    Fitch Ratings has revised DONG Energy A/S’s Outlook to Stable from Negative and affirmed its rating, BBB+, of DONG Energy. This follows the recently completed DKK13bn (EUR1.7bn) capital increase, which was the last element of the company’s 2013-14 Financial Action Plan. The combined investment of the existing minority shareholders will total DKK 2,050 million, made […]

  • 1 November 2017
    Business & Finance, Wind Farm Update

    Ørsted, the former DONG Energy, has signed an agreement to sell 50% of Walney Extension, a 659 MW UK offshore wind farm project to a consortium consisting of PKA and PFA, two Danish pension funds.

  • 20 February 2014
    Authorities, Business & Finance

    At an extraordinary general meeting today, DONG Energy A/S’ shareholders adopted the planned capital increase in DONG Energy A/S. Funds managed by Goldman Sachs through New Energy Investment s.à r.l., the Danish pension funds Arbejdsmarkedets Tillægspension and PFA Pension, Forsikringsaktieselskab and the existing minority shareholders SEAS-NVE, SYD ENERGI, Insero Horsens and Nyfors Entreprise will subscribe […]

  • 22 May 2020
    Business & Finance

    A consortium comprising PensionDanmark, PFA and SEAS-NVE said it was ready to finance the VindØ energy island in the North Sea. The consortium would initially contribute with up to DKK 400 million (EUR 53.6 million) to develop the project. Copenhagen Infrastructure Partners, an investment company behind several offshore wind projects worldwide, will provide assistance to […]

  • 10 November 2017
    Business & Finance, Wind Farm Update

    Ørsted completed the divestment of 50% of its 659MW Walney Extension offshore wind farm to PKA and PFA today, 10 November.  

  • 2 November 2017
    Business & Finance, Wind Farm Update

    Macquarie has provided over GBP 500 million of senior secured debt to fund the acquisition of a 50 per cent share in the Walney Extension project in the UK.

  • 7 February 2018
    Wind Farm Update

    Ørsted has installed nine out of 47 Siemens Gamesa 7MW turbines on the 659MW Walney Extension offshore wind farm, bringing the total installed offshore wind capacity in waters off the UK to 7.5GW.

  • 30 January 2014
    Authorities, Business & Finance

    Today, the Danish Parliament’s Finance Committee approved the agreement on capital investment in DONG Energy of approx DKK 13 billion. The investment comes partly from new investors, Goldman Sachs: DKK 8 billion, Arbejdsmarkedets Tillægspension: DKK 2.2 billion and PFA Pension Forsikringsaktieselskab: DKK 0.8 billion, and partly from existing minority shareholders. The combined investment of the existing […]

  • 19 April 2018
    Business & Finance

    Ørsted has announced the winners of the fourth round of applications to the Walney Extension Community Fund, which was established to support community and environmental projects near the 659MW offshore wind farm in Cumbria, UK.

  • 6 September 2018
    Operations & Maintenance, Wind Farm Update

    The 659MW Walney Extension offshore wind farm was officially opened on Thursday, 6 September, at a ceremony in Barrow in the north-west of England.

  • 24 April 2018
    Wind Farm Update

    Seajacks Scylla has installed the last of the total of 87 wind turbines making up the 659MW Walney Extension offshore wind farm. The project is now set to make the UK home of the world’s largest offshore wind farm for the second time, after it first earned that title with the 630MW London Array in 2013.

  • 4 October 2018
    Business & Finance

    Ørsted has awarded eighteen organizations with grants from the fifth round of its Walney Extension Community Fund.

  • 15 November 2017
    Business & Finance, Wind Farm Update

    The UK-based specialist insurer of pension funds Pension Insurance Corporation (PIC) has invested GBP 115 million to provide debt-financing for the acquisition of a 50% share in the 659MW Walney Extension offshore wind farm. 

  • 2 November 2017
    Business & Finance

    Ørsted’s current installed and decided offshore wind capacity accounts for almost 9GW out of its ambition of 11-12GW by the end of 2025, announced at the beginning of this year.

  • 12 February 2018
    Business & Finance, Wind Farm Update

    DNV GL has acted as technical advisor to a group of institutional lenders with their investment of the 659MW Walney Extension offshore wind farm.

  • 21 January 2016
    Business & Finance

    Volker Beckers and Anne Broeng have joined the Board of Directors of the Aarhus-based Danske Commodities to provide additional insight into UK market and add risk management competences, one week after the company entered the UK renewables market. The independent energy service company last week signed a 15-year Power Purchase Agreement (PPA) with Beatrice Offshore Wind farm Limited (BOWL). […]

  • 27 November 2018
    Business & Finance, Wind Farm Update

    Ørsted has completed the divestment of 50% of the Hornsea Project One offshore wind farm in the UK to Global Infrastructure Partners (GIP).

  • 23 November 2017
    Business & Finance, Wind Farm Update

    International law firm Watson Farley & Williams (WFW) has advised institutional investors on GBP 1.3 billion investment-grade bond acquisition of a 50% stake in Ørsted’s 659MW Walney Extension offshore wind farm.

  • 31 August 2018
    Wind Farm Update

    Walney Extension, a 659MW wind farm in the Irish Sea, is scheduled to become the world’s biggest offshore wind farm in a few days and throw the 630MW London Array off the throne. 

  • 19 September 2018
    Business & Finance, Wind Farm Update

    Ørsted has signed an agreement to sell 50% of its 1.2GW Hornsea Project One offshore wind farm to Global Infrastructure Partners (GIP).

  • 22 January 2018
    Wind Farm Update

    Power is now being generated from the final phase of Walney Extension which will become the world’s largest offshore wind farm on completion later this year, Ørsted, the developer of the wind farm, said.