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 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
