Three Danish pension companies are investing a total of over 2 billion DKK in the infrastructure fund SEB Nordic Energy. AP Pension, Lægernes Pension and PenSam are each investing 1.1 billion DKK. Swedish kronor (approx. DKK 700 million) in the fund, which is intended to strengthen energy security in the Nordic region while ensuring stable, long-term returns for pension customers.
The fund invests in small and medium-sized plants within hydropower, wind power and battery storage in the Nordic region with a focus on upgrading existing plants. This is intended to increase energy production while reducing the climate footprint compared to new construction.
- With the investment in SEB Nordic Energy, Danish pension funds can contribute to strengthening European energy security. The fund has an attractive risk profile, and with the prospect of stable returns, the investment supports PenSam's ambition to create solid, long-term returns for our members, says Jeppe Starup, Head of Private Capital and Real Assets at PenSam.
The background to the investment is increasing electricity consumption in the Nordic region as a result of the electrification of industry and transport as well as new energy-intensive activities. At the same time, a larger share of wind and solar energy places increased demands on storage, flexibility and balancing of the electricity grid.
Hydropower contributes to stabilizing the energy supply, while battery storage and upgraded wind turbines are intended to make the electricity grid more flexible and utilize the electricity better.
SEB Nordic Energy has already built up a significant portfolio of renewable energy plants in the Nordic region, which with the new investments is expected to almost double in the coming years. The fund invests with a horizon of up to 15 years and is classified as an Article 9 fund under the EU's rules for sustainable investments.
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
