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.
Little Bear & Prospero Solar - 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 CLASS
...............
Infrastructure - Green energy
GREEN DIMENSIONS
...............
Energy production - Solar
CONTACT
...............
Dewi Dylander
Deputy Executive Director), Head of Sustainable
Investments (ESG)
ddy@pka.dk
VALUE IN US DOLLARS
...............
USD 245 million
EXPECTED MATURITY
...............
2055
LINKS
...............
Read more of the Little Bear & Prospero project
GEOGRAPHIC LOCATION
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North America (Andrews County, Texas, USA
Fresno County, California, USA)
FORM OF FUNDING
...............
Equity and term loan
PARTNERS
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AIP
PenSam
Longroad Energy
Facebook
US Bank
PKA & PenSam (50%); Longroad Energy (50%)