Pension fund CEO sees major venture in forthcoming energy island like an advanced real estate investment

Even though a large investment in an energy island is not quite the same thing as a government bond, the business model is viable in the absence of both public subsidies and PtX, says PensionDanmark chief executive Torben Möger Pedersen as the pension fund nears a 10 year anniversary in green real assets.

Photo: Mik Eskestad

Torben Möger Pedersen, chief executive of Danish pension fund PensionDanmark, has a longer-than-normal vantage on this cloudless summer day.

The view from the pension company's quayside headquarters in Copenhagen usually features the port's massive cruise ships, whose diesel generators incessantly spew exhaust gas because of the port's still-lacking electrification. The CEO notes in a positive Covid-19 parenthesis that this is not presently the case as he looks over the Øresund sound and its array of offshore wind turbines.

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