Denmark’s pension funds, along with the Danish government, will invest in a state fund to finance projects that promote sustainability and clean energy.
PensionDanmark will invest around $37 million to the fund while an additional $183 million will derive from pensioners PKA and PBU, Dansk Vaekstkapital, the Investment Fund for Developing Countries, and the Danish government. Over $366,000 is expected to come from private financiers in the second investment round.
The fund will last for four years and have an annual return of 12%.
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