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Danish pension funds invest EUR 100 million in green energy in developing countries

Several pension companies, alongside Danish investment fund for developing countries IFU and other investors, have invested in a Canadian company that will expand green energy in Africa and Asia.

Photo: Thomas Borberg

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.

JCM Power will use the money to establish 800 MW of solar and wind energy in Africa, Asia and Latin America.

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