PensionDanmark invests DKK2.9bn in North Sea wind-power grid

first_imgTenneT, which is owned by the Dutch state, will finance most of the expected construction costs of the DKK14.2bn project, as well as building and operating the grid. DolWin3 is planned to be ready for use in 2017, and the system has a total capacity of 900MW. Torben Möger Pedersen, chief executive at PensionDanmark, said: “We are very satisfied with our cooperation with CIP, which is undertaking and managing many of our investments in stable alternatives.” He said the investment was a good addition to the pension fund’s existing investments in alternatives, and would contribute to securing a good, steady return for scheme members for many years to come.PensionDanmark said its target was to invest 20% of its total assets in more than DKK150bn of stable alternatives such as property and infrastructure.The investment is subject to the approval from German competition authorities, CIP said. PensionDanmark is investing DKK2.9bn (€384m) in a transmission network for wind energy in the North Sea to be built and operated by Dutch company TenneT.The Danish labour-market pension scheme is making the investment via Copenhagen Infrastructure Partners (CIP), which was set up in 2012 with DKK6bn from PensionDanmark as seed investor.However, CIP said this investment was being made through a separate legal structure with PensionDanmark – rather than the partnership – as the investor. The investment in the new DolWin3 offshore grid connection – which will transmit power to German customers on the mainland from several wind farms in the German North Sea – will be made jointly with TenneT, CIP said. last_img read more


first_imgDonegal star Mark McHugh and Open Sea swimmer Anne Marie Ward will be among the special guests at this Thursday’s final leg of the Donegal Youth Council SPARKS Mental Health roadshow in Donegal Town.Mark McHugh will be special guest.The Donegal town leg of the “SPARKS” roadshow, which takes place in the Abbey Hotel, is an exciting new initiative in Donegal which has been running across the county over the last couple of months.The roadshow, which kicked off in Letterkenny on World Mental Health will has visited Stranorlar, Gweedore, Buncrana in recent weeks. Thursday’s event will work with 200 representatives from Abbey VS, Colaiste Colmcille, Magh Ene Bundoran, Colaiste Carraige and St Catherines from Killybegs.The Donegal Youth Council is a group of 36 young people aged 12-18 years, who identify issues and promote projects to improve the lives of young people in Donegal.Like the County Council they are selected from five electoral areas and represent the young people in their local areas.The roadshow offers information and advice on how to manage stress in your life during exam times and other difficult situations and how to be more aware of what supports you have around you and how you can be a support to others. The event has a strong focus on fun with a range of inspirational speakers, workshops and other activities, with a few surprises along the way.The roadshow has been developed using the model of the Mental Health 5 a day, which is internationally now recognised as 5 key areas you can focus on which can have a big effect on your health and wellbeing.The event will have input from a range of organisations, including Jigsaw, Donegal Youth Service, HSE Health Promotion, Foroige and Mental Health Ireland, with other guest speakers from the wider community who have each conquered their own personal challenges in life, such as Cycle Against Suicide Ambassador Orla O’Reilly.The Donegal Youth Council is funded by the Donegal County Council, HSE Health Promotion and the Department of Children and Youth Affairs, and is co-ordinated at local level by the Donegal Youth Service.The SPARKS roadshow will kick off in the Abbey Hotel at 10am and runs until 3pm. MARK McHUGH TO BE SPECIAL GUEST AT FINAL SPARKS ROADSHOW was last modified: November 26th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Mark McHughSparks Roadshowlast_img read more