According to Insurance and Pension Denmark (F&P), Denmark’s green transition is once again “back on track.” Additionally, F&P states in a press release that this creates a better framework for investments in Danish and green energy.
“It is welcome news that Denmark’s green transition is back on track. It shows that when we work together across politics, government agencies, businesses, and investors, we can create a framework that once again makes it attractive to invest in Danish and green energy,” Tom Vile Jensen, Deputy Director at F&P, comments in the press release.
F&P emphasizes that the latest offshore wind tender was neither competitive nor profitable for offshore wind developers and investors such as pension funds.
According to F&P, since making a climate commitment in 2019, Danish pension companies have invested DKK 385 billion (EUR 51.5 billion) globally in the green transition, including in offshore wind, technology companies, and energy optimization of buildings.
“F&P and the pension industry want to lead the way and invest in the necessary energy transition. But as a pension industry, we must also exercise due diligence. Investments in large renewable energy projects carry a different and more significant risk than other forms of investment,” Jensen explains.
The press release describes Denmark as a country in a unique position with significant offshore wind potential and opportunities for developing green hydrogen, particularly for the German market.
“F&P supports the political ambitions to expand cooperation with Germany, as we have seen with Energiø Bornholm,” says Tom Vile Jensen in the press release.
This article was provided by our sister media in Denmark, FinansWatch.
English edit by Christian Radich Hoffman.
