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ATP's forester takes landlord role for giant Australian wind power project

It's about optimizing value without compromising nature, says Danish state pension fund ATP, which co-owns the forest where Siemens Gamesa turbines with a combined effect of 1.2 GW will be planted. 

Photo: Forest Wind

Danish public labor market pension fund ATP has built up a quite diverse sphere of interest in the energy sector over the years – ranging from investments in green bonds tied to onshore wind, fixed-bottom and floating offshore wind farms, solar installations, waste-to-energy plants and geothermal to major investments in battery factories and co-ownership of a wind service company as well as, for good measure, oil sector investments.

Soon, however, the pension fund will add another facet to its portfolio: landlord for one of the world's largest wind farms. ATP owns 31 percent of forestry operator HQ Plantation, which manages the site in Queensland, Australia, where Siemens Financial Services and developer Cleansight are getting ready to install the 1.2 GW Forest Wind project, set to deploy up to 226 Siemens Gamesa's machines.

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