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

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Infrastructure - Green energy

GREEN DIMENSIONS

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Energy production - Solar

CONTACT

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Dewi Dylander

Deputy Executive Director), Head of Sustainable
Investments (ESG)
ddy@pka.dk

VALUE IN US DOLLARS

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USD 245 million

EXPECTED MATURITY

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2055

LINKS

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Read more of the Little Bear & Prospero project 

here

GEOGRAPHIC LOCATION

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North America (Andrews County, Texas, USA
Fresno County, California, USA)

FORM OF FUNDING

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Equity and term loan

PARTNERS

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AIP
PenSam
Longroad Energy
Facebook
US Bank
PKA & PenSam (50%); Longroad Energy (50%)