Search results for: PensionDanmark

2615 results

A list of search results

  • 28 March 2011
    Business & Finance

    A consortium consisting of PensionDanmark and PKA has signed an agreement with DONG Energy on the acquisition of 50 per cent of the Anholt offshore wind farm for a price of app. DKK 6 billion. PensionDanmark is lead investor in the consortium and will acquire a 30 per cent interest, while PKA will acquire a […]

  • 10 September 2010
    Business & Finance, Wind Farm Update

    DONG Energy and PensionDanmark have signed an agreement, under which PensionDanmark will buy 30% of the Nysted offshore wind farm at a cash consideration of DKK 0.4 billion. At the same time, DONG Energy will buy E.ON’s 20% ownership interest and resell it to PensionDanmark at a price of DKK 0.3 billion. Consequently, DONG Energy […]

  • 3 February 2013

    PensionDanmark, one of Denmark’s largest pension funds with 629,000 members employed in 26,000 private and public companies, is one of the first, if not the first pension fund to take offshore wind very seriously. It has already invested in 2 offshore wind farms and it is eyeing more. The organisation has embarked on an ambitious strategy to more than double its investments in […]

  • 19 June 2013
    Business & Finance

    Via the fund Copenhagen Infrastructure I, managed by Copenhagen Infrastructure Partners, the pension fund PensionDanmark is funding a conditional investment commitment of 200 million USD in America’s first offshore wind farm, Cape Wind. The aim is to close the deal to construct the wind farm this year. The wind farm is to supply up to […]

  • 20 October 2011

    On March 28 2011 PensionDanmark and PKA signed an agreement with DONG Energy on the acquisition of 50 per cent of the Anholt offshore wind farm. The Danish Energy Agency has now approved PensionDanmark and PKA as parties to the licensing agreement concerning the construction and operation of the Anholt offshore wind farm that was […]

  • 24 April 2014
    Authorities, Business & Finance, Wind Farm Update

    The federal loan guarantee for the Cape Wind offshore wind farm is still being contemplated by the U.S. Department of Energy (DOE), the Cape Cod Times writes. The U.S. Energy Secretary Ernest Moniz has confirmed that the case targeting a USD 500 million loan is “under active development”, but its outcome remains unknown. However, the […]

  • 27 February 2014
    Business & Finance, Wind Farm Update

    Cape Wind has ensured a cash injection worth USD 600 million for its Cape Wind offshore wind project from Danish Export Credit Agency (EKF), Jim Gordon, the company’s president, announced yesterday. Cape Wind informed via social media that Mr. Gordon brought the news while speaking at GreenPower’s USA Offshore Wind Conference in Boston, saying that […]

  • 24 November 2010

    On September 9 2010 it was announced that PensionDanmark would become equity partner in Nysted offshore wind farm. All conditions in relation to the transaction have now been fulfilled and it is expected to be completed in the fourth quarter of 2010. With reference to the company’s ongoing offer of new hybrid debt instruments and […]

  • 20 June 2013
    Grid Connection, Wind Farm Update

    Turbine number 111 at the Anholt offshore wind farm has just been connected to the grid and transmitted its first CO2-free kilowatt hour of power into the Danish mainland electricity grid. This means that the whole of the Anholt offshore wind farm is now operational. The first turbine at Anholt was installed on Monday 3 […]

  • 21 September 2012
    Grid Connection, Wind Farm Update

    The first CO2-free power is now being fed into the Danish power grid from Anholt offshore wind farm.  The first turbine in the farm was installed on Monday 3 September and today, just under three weeks later, the first turbine has exported power into the Danish power grid. On its completion next year, the farm, […]

  • 18 April 2012
    Business & Finance

    The continuing economic crisis has created a need for alternative sources of capital for the renewable energy sector, people attending a panel session at the EWEA 2012 Annual Event in Copenhagen heard on Wednesday. Torben Pedersen, of PensionDanmark, also said there are considerable pressures on public finances due to debt issues and on the banking […]

  • 21 December 2010
    Business & Finance, Wind Farm Update

    On 30 September 2010, Stadtwerke Lübeck and DONG Energy announced their intention to swap Stadtwerke Lübeck’s 25.1 % share in the jointly-owned German subsidiary DONG Energy Sales for an indirect 7.25 % share of the Nysted Offshore Wind Farm. The completion of the transaction was subject to approval by the City Council of Lübeck, which […]

  • 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 […]

  • 13 January 2012

    400,000. This is the number of Danish households that as of next year will have their power consumption covered by Anholt Offshore Wind Farm. Today, DONG Energy starts construction.  ”It’s in fact somewhat of a record; in early July 2010, we won the project based on the Danish Energy Agency’s tender. And already 18 months […]

  • 31 January 2012

    Every day newspapers are full of the latest Eurozone crisis. In 2010, Tom Murley from private equity firm HgCapital described the economy to Wind Directions as having had the equivalent of “open-heart surgery”. Today, he says: “Depending on what happens with the Eurozone we may be wheeling the economy back into surgery again.” The offshore […]

  • 4 September 2014

    Denmark’s largest offshore wind farm celebrates its first year with high production. Year has gone by since Her Majesty Queen Margrethe II and the Prince Consort inaugurated Anholt Offshore Wind Farm on a very calm day in September last year in the presence of the Danish Prime Minister Helle Thorning-Schmidt. Since then, the wind turbines […]

  • 22 February 2013

    The Anholt offshore wind farm will be officially opened on Wednesday 4 September 2013. The Danish Royal Couple, Her Majesty the Queen and His Royal Highness the Prince Consort will take part in the inauguration. The 400-megawatt Anholt offshore wind farm, which, on completion, will be Denmark’s largest, will be officially opened on Wednesday 4 […]

  • 19 May 2013
    Wind Farm Update

    On 19 May 2013, the installation vessel ‘Sea Power‘ erected turbine no. 111 at Anholt Offshore Wind Farm. Now all turbines are erected at the wind farm, and ahead awaits the job of having all of them delivering electricity to the Danish grid. The erection of the last turbine marks the end of eight and […]

  • 10 November 2011
    Business & Finance

    The European Investment Bank may raise the price of loans to renewable energy projects to bolster capital as demand for funds rises, the bank’s climate chief said. “You could say that this year’s projects have to pay a bit more for next year’s borrowers, but it all goes back into the business,” Chris Knowles, head […]

  • 30 September 2010
    Business & Finance

    Stadtwerke Lübeck acquires a 7.25 % share of the Danish offshore wind farm Nysted. In return, the Danish energy group DONG Energy will acquire Stadtwerke Lübeck’s 25.1 % share in the jointly-owned subsidiary DONG Energy Sales GmbH, meaning that DONG Energy will be the sole owner. After the transaction DONG Energy and Stadtwerke Lübeck will […]

  • 13 July 2012
    Training & Education

    Ambitions are high in DONG Energy when it comes to renewable energy. At the moment, the energy company is constructing Denmark’s largest offshore wind farm between Grenaa and the island of Anholt in the Kattegat. The first LEGO bricks for the Anholt Offshore Wind Farm have now been laid in LEGOLAND®, where both adults and […]

  • 12 January 2015

    In the Netherlands, the government aspires to build new offshore wind farms with a combined output of 3,450MW by 2023. The Minister of Economic Affairs recently decided that Transmission System Operator (TSO) TenneT will have the responsibility of building the offshore grid to accommodate these wind farms. Offshore WIND asked Mel Kroon, the CEO of […]

  • 4 September 2013

    The Anholt offshore wind power plant was officially inaugurated today. For Denmark’s largest wind power project, Siemens supplied, installed, and commissioned 111 wind turbines, each with a capacity of 3.6 megawatts (MW) and a rotor diameter of 120 meters. The owners of the wind project are the Danish utility company DONG Energy (50 percent) as […]

  • 12 January 2012
    Business & Finance

      Mercom Capital Group, llc, a global clean energy communications and consulting firm, yesterday released its annual and fourth quarter funding and merger & acquisition (M&A) activity report for the wind sector in 2011. In 2011, venture capital (VC) funding for wind energy continued to increase past previous years, totaling $369 million in 14 deals, […]

  • 26 March 2012

    Pension Denmark reported another year of growth. In 2011, the Pension company achieved a return on investment of DKK 10.5 billion. Premium income rose to 10.5 billion, and the balance sheet grew by DKK 16 billion to DKK 122 billion. “We are very pleased to give members one of the industry’s highest return in 2011, […]

  • 15 August 2012
    Business & Finance

    Hunting for higher returns, pension funds are acquiring stakes in wind power projects, reports Reuters. Namely, these projects were dubbed too risky by banks and other investors. DONG Energy’s acting deputy CEO for wind power Morten Buchgreitz said: “I hope this will be a model that catches on because, just looking at the northern European […]