Pension funds invest EUR 100 million in developing countries' green energy

Several pension companies, alongside IFU and other investors, have invested in a Canadian company that will expand green energy in Africa and Asia.

Photo: Tobias Nicolai/Jyllands-Posten/Ritzau Scanpix

BY MICHAEL DUELUND, FINANSWATCH

Pension funds PKA, Pensiondanmark, PFA, ATP, P+ and Pensam, alongside Investeringsfonden for Udviklingslande [the Investment Fund for Developing Countries, ed.] and other investors in the Danish SDG Investment fund, have invested EUR 22.7 million (DKK 170 million) in the Canadian company JCM Power, which develops and runs renewable energy plants in developing countries.

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