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Danish pension fund invests millions in US solar projects

In its first direct investment in US renewable energy, Danish pension provider PKA is buying a stake in two solar projects with a total capacity of 410 MW.

Garland solar park located in California | Photo: Recurrent Energy

Danish pension provider PKA is investing DKK 2 billion (EUR 268 million) in solar farms. Along with US-based energy company Southern Power, the pension company is buying two US solar projects, Garland and Tranquility, with a total capacity of 410 MW from Canadian Solar's subsidiary Recurrent Energy, PKA says in a statement.

"We at PKA are dedicated to making a positive contribution to the climate while at the same time securing good pensions for our members. We are therefore pleased to be able to cement our climate strategy with yet another green investment, through which we can combine doing sound business for our members with sensible action for our climate," says PKA CEO Peter Damgaard Jensen.

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