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.
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.
• Direct investment - loan
Value in US dollars
• Mezzanine loan provided by PFA: 320 mio. USD
• Clean Energy Production
• Loan up to 18 years
• 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
Henrik Nøhr Poulsen
Managing Director – Global Strategic Partnerships