Two Danish pension funds committed a total of 1.5 billion Danish kroner ($220 million) to Copenhagen Infrastructure Green Credit Fund I, managed by Copenhagen Infrastructure Partners.
The 148 billion kroner P+, Frederiksberg, Denmark,the pension fund for academics and doctors committed 750 million kroner in the fund, which invests in loans for renewable energy projects in onshore and offshore wind, solar and storage of green electricity based in Europe and North America.
"We expect the Green Credit Fund to yield an attractive return for the members of P+. At the same time, we increase our exposure to green energy production, which supports our ambitious climate goals," said Kare Hahn Michelsen, P+'s executive director, in an emailed statement.
The other investor in the fund was the 100 billion kroner Lægernes Pension, Frederiksberg, Denmark, which is also committing 750 million kroner.
Commenting on the investment, Soren Nielsen, investment director at the fund, said in a news release: "By participating in this fund, we increase both our commitment to green energy and Lægernes Pension's contribution to society to promote a sustainable transition. In addition, we achieve further risk diversification in our overall investment portfolio for the benefit of our members,"
CIP has classified the fund as fully sustainable.
