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.
Driving Leadership for a Net-Zero Economy
Market Focused Coalitions & Partnerships
Member of the
Our Team Members
Best Practice Business Models
UN City in Copenhagen (real estate) – PensionDenmark
50.700 m2, architect 3XN
LEED certification Platinum,
The UN City project has achieved 84 out of 110 possible points via energy efficient and environmentally friendly construction.
• Seawater is used to cool the building
• Rainwater is used for the toilets
• Solar system on the roof
• Green roofs with nature plants not requiring artificial watering
• Highly insulated building envelope with low-energy glass
• Use of environmentally friendly products and sourcing of wood and concreate with an 800 km distance.
In 2012, UN City won an EU GreenBuilding Award for New Buildings, after cutting its predicted energy consumption by more than half. With energy use under 50 kWh/m2 a year, the building was granted a Low-Energy Class 1 rating, the most energy efficient according to the Danish building code.
Asset classes
• Direct Investment
Value in US dollars
• USD 330M
Geographic location
• Copenhagen, Denmark
Green Dimension(s):
• Buildings
Expected Maturity
• N.A (but several decades – up to 100 years)
Partners
• PD (45,75%), ATP (45,75%) og By og Havn (8,5%)
Form of Funding
• Direct Investment
Contact
Torben Möger Pedersen
CEO
PensionDanmark
tmp@pension.dk
Beatrice Offshore Windfarm Ltd – PensionDenmark
450,000 homes powered
Asset classes
• Unlisted equity
Value in US dollars
• USD 3,1bn
Geographic location
• Outer Moray Firth, United Kingdom
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• 20-25 years
Partners
• CIP I/II owns 35 pct. of the project. Through these funds, PensionDanmark owns approx. 20 pct. of the project.
• Senior executives from the energy industry in cooperation with PensionDanmark founded CIP in 2012.
Form of Funding
• Investment through CIP
Contact
Torben Möger Pedersen
CEO
PensionDanmark
tmp@pension.dk
Walney Wind Farm - PFA, PKA
Construction of an offshore wind farm with a capacity of 659 MW, the wind farm supplies green power to 590,000 homes in the UK. This makes it the world largest offshore wind farm at the time of construction.
PFA owns 25% of the equity in Walney Extension Offshore Wind Farm, PKA acquired a 25 % equity interest from Orsted who still owns 50 % of the wind farm.
Asset classes
• Direct investment
Value in US dollars
• USD 400 million (PFA) USD 470 million (PKA)
Geographic location
• East Irish Sea
• United Kingdom
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• 25 years (PFA) 2042 (PKA)
Partners
• The project is a shared-ownership project between PFA (25%), Ørsted (50%) and PKA (25%).
Form of Funding
• Equity
Contact
PFA contact:
Henrik Nøhr Poulsen
Managing Director – Global Strategic Partnerships
hpo@pfa.dk
PKA contact:
Dewi Dylander
Deputy Executive Director, Head of Sustainable Investments (ESG)
ddy@pka.dk
Elgon Hydro Siti, PFA
Construction of hydro project in Uganda with a total capacity of 21.5 MW.
The Siti projects is two hydropower plant utilizing the hydropower potential of the river Siti as it drops 300m in a series of rapids, in and around the village of Chesoweri on the northern slopes of Mt. Elgon in eastern Uganda.
Expected annual emission reduction is up to 60,000 tonnes of CO2 eq.
Asset classes
• Unlisted Equity
Value in US dollars
• USD 16 million
Geographic location
• Uganda
Green Dimension(s):
• Clean energy production
Expected Maturity
• -
Partners
• DI Frontier Market Energy & Carbon Fund
Form of Funding
• Equity
Contact
Henrik Nøhr Poulsen
Managing Director – Global Strategic Partnerships
hpo@pfa.dk
Misae Solar Park (solar plant) – PensionDenmark
Will supply 60,000 homes with green energy and will avoid the emission of 440,000 tons of CO2 into the atmosphere
Asset classes
• Unlisted equity
Value in US dollars
• USD 320M (CIP III commitment)
Geographic location
• Misae is a 240 MW project located approximately six miles east of the city of Childress, Texas.
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• 30 years
Partners
• CIP III (PD has a 15,4% share)
Form of Funding
• Investment through CIP
Contact
Torben Möger Pedersen
CEO
PensionDanmark
tmp@pension.dk
Vena Energy - Industriens Pension
Vena Energy is the largest renewable energy independent power producer with solar, wind and hydropower assets with over 11 GW in operation, construction or development in the Asia-Pacific region. Vena Energy powers more than 1.7 million households with renewable energy hence saving more than 6.7 million tons of CO2.
Asset classes
• Infrastructure fund and co-investment
Value in US dollars
• Confidential
Geographic location
• Multiple sites across Australia, India, Indonesia, Japan, Philippines, South Korea, Taiwan and Thailand
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• -
Partners
• Global Infrastructure Partners, GIP, one of the leading global infrastructure fund managers
Form of Funding
• Financed with a combination of equity and debt
Little Bear & Prospero - PKA
In 2020, PKA invested DKK 1.7 billion in two solar parks in California and Texas: Little Bear and Prospero.
The solar parks have a total capacity of 588MW with an area equivalent to over 1,300 football fields. In total, the parks are expected to generate electricity corresponding to the annual consumption of 280,000 Danish homes.
PKA and PenSam have 50% of the ownership of the parks. PKA accounts for 76.9% of the investment and PenSam's share is 23.1%.
Asset classes
• Green energy infrastructure
Value in US dollars
• USD 245 million
Geographic location
• Andrews County, Texas, USA
• Fresno County, Californien, USA
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• 2055
Partners
• AIP
• Longroad Energy
• Facebook
• US Bank
Form of Funding
• Equity and term loan
Contact
Dewi Dylander
Deputy Executive Director, Head of Sustainable Investments (ESG)
ddy@pka.dk
Hornsea 1 Offshore wind farm - PFA
The Hornsea 1 offshore wind farm will be the largest offshore wind farm in the world. Once officially opened in 2020, it will produce enough energy to power over 1 million homes.
With a capacity of 1.2 gigawatts (GW), Hornsea One will be the world's first offshore wind farm to exceed 1 GW in capacity.
Located off the Yorkshire coast, Hornsea One will span a huge area of approximately 407 square kilometres, which is over five times the size of the city of Hull. The offshore wind farm will use 7 megawatt (MW) wind turbines, with each one 190 metres tall – larger than the Gherkin building in London.
Asset classes
• Direct investment - loan
Value in US dollars
• Mezzanine loan provided by PFA: 320 mio. USD
Geographic location
• UK
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• Loan up to 18 years
Partners
• Hornsea 1 is a joint venture between Ørsted and Global Infrastructure Parthers.
• PFA is the sole provider of a mezzanine loan to Global Infrastructure Partners
Form of Funding
• Mezzanine loan
Contact
Henrik Nøhr Poulsen
Managing Director – Global Strategic Partnerships
hpo@pfa.dk
Lake Turkana (onshore wind) – PensionDenmark
In 2007 a group of international investors came up with the idea of establishing a wind park close to the large desert lake Turkana.
Twelve years later 365 gigantic wind turbines from Vestas are producing power to Kenya’s population of approx. 48 million people.
On average, the turbines deliver around 150,000 megawatt hours per month corresponding to approx. 15 per cent of Kenya’s total electricity production.
The number of power cuts in Kenya has been reduced considerably since the turbines started to run at full speed.
The production of fossil-based energy is more than halved from around 230,000 MW hours in January 2018 to around 100,000 MW hours in January 2019. Consequently, the CO2 emissions have been considerably reduced.
Asset classes
• Unlisted equity
Value in US dollars
• USD 740M (full value of the project)
Geographic location
• Kenya
Green Dimension(s):
• Clean energy production. 365 wind turbines with 0,85 Mw capacity from Vestas
Expected Maturity
• Lake Turkana Wind Project has a 20-year PPA with KPLC. The technology in use will most likely have become obsolete at that time (if not earlier).
Partners
• IFU: The Danish Climate Investment Fund was established in January 2014 in a new collaboration between the Ministry of Foreign Affairs, IFU, pension funds PensionDanmark, PKA, PBU and Dansk Vækstkapital, and Aage V. Jensen Foundation.
Form of Funding
• Blended Finance: Danish Development Finance Institution and Pension Funds (incl. PensionDanmark) investment through Danish Climate Investment Fund: USD 250M.
Contact
Torben Möger Pedersen
CEO
PensionDanmark
tmp@pension.dk
Lekela Power - Industriens Pension
Lekela Power is a pan-African renewable energy (wind and solar) platform set to deliver 1.3 GW of renewable energy across Africa. Besides providing green energy Lekela invest in the local communities to build a lasting positive impact and social dividend; projects that seek to improve local education, develop local enterprise and protect the local environment.
Asset classes
• Infrastructure fund and co-investment
Value in US dollars
• Confidential
Geographic location
• 8 sites across Egypt, Ghana, South Africa and Senegal
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• -
Partners
• Actis Energy, our long-term fund manager in growth markets
Form of Funding
• Financed with a combination of equity and debt
Dutch State Green Bonds - PKA
In 2020, PKA invested DKK 2.1 billion in Dutch state green bonds. This was a tap up of the original issue, in which PKA invested DKK 1.5 billion.
The green bonds focus on sustainable projects such as renewable energy, energy efficiency, environmentally friendly transport, climate adaptation and sustainable water management.
The Dutch state green bonds support the UN's 17 Global Goals and the Paris Agreement's goal of keeping the global temperature rise below 2 degrees.
Asset classes
• Green bond
Value in US dollars
• USD 522 million
Geographic location
• The Netherlands
Green Dimension(s):
• Climate Mitigation
• Climate adaptation (floodplain restoration, among others)
Expected Maturity
• 30 years
Partners
• -
Form of Funding
• AAA government bond
Contact
Dewi Dylander
Deputy Executive Director, Head of Sustainable Investments (ESG)
ddy@pka.dk
UK Solar - PFA
Acquisition of 6 UK solar parks with a combined capacity of 30 MW.
One of the solar parks are placed on a Nissan factory site and provides clean energy to the production of Nissans electric cars. The other 5 solar parks deliver clean energy to the local grid.
All 6 parks are fully operational.
Asset classes
• Direct investment
Value in US dollars
• 45 mio.
Geographic location
• UK
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• 25 years
Partners
• The parks are fully owned by PFA.
• The parks were developed and constructed by European Energy
Form of Funding
• Equity
Contact
Henrik Nøhr Poulsen
Managing Director – Global Strategic Partnerships
hpo@pfa.dk