Greencoat Renewables has recently attained a deal to purchase a part of the Butendiek offshore wind farm which has an output of 288MW and is located in Germany’s exclusive economic zone in the North Sea. An agreement with Marguerite Pantheon allows for Greencoat Renewables to own 22.5% of the project. This transaction was foreseen since …
Recently, South Carolina closed the financial year with more money than expected. According to their annual financial report, although the state has made some progress in financing its state agencies, it still has more bills to pay than cash to cover them.The budget for pension systems had significantly grown due to years of underfunding. As …
US hedge fund Hedonova has made a major investment in an energy storage plant located in Chile’s Atacama region, approximately 800 km away from the capital city Santiago. This new facility is set to become operational at the close of this month, utilizing a revolutionary air liquefaction technology that cools ambient air to a temperature …
The African Development Bank has approved a considerable loan package of $27 million and €10 million to co-fund AMEA Power’s 100MW solar energy farm in El Metbassta, Kairouan North region, Tunisia. This greenfield project follows the ‘build, own and operate’ (BOO) agreement and is one of the five renewable projects approved by Tunisia in 2019. …
Altus Power, a solar developer, has agreed to purchase 220 megawatts (MW) of newly constructed and in-progress solar assets located in the United States for roughly $293 million from funds monitored by True Green Capital Management. The 207 MW of commercial-scale assets will quickly enter Altus Power’s operations with the remaining 13 MW due to …
Sonnedix is delighted to announce that its 50 megawatt (MW) Los Frailes solar farm in Badajoz, Spain has entered into commercial operations. Covering 111 hectares and linked up to the Vaguadas substation, this solar farm is forecasted to generate 102 gigawatt-hours of electricity annually, which is equivalent to powering more than 30,000 households and avoiding …
![Pension funds in Europe - A Primer [2022]](https://investorsfruit.com/wp-content/uploads/2022/12/Bildschirmfoto-2022-12-29-um-12.23.34-1038x576.png)
Pension funds are a type of investment vehicle that provides income to individuals in retirement or upon leaving work. Pension funds are typically managed by a professional financial institution and are typically funded by contributions from employers, employees, and other types of investors. These funds can be used to provide retirement income to individuals, and …
Better Energy, a solar energy developer, announced they recently secured an astronomical three-digit million euro investment from the pension fund ATP. This major resource will be used to expand green energy generation in Denmark, Sweden, Finland, and Poland. As a result of this transaction, Better Energy’s board of directors will now include a representative from …
CPP Investment (CPPI) has resolved to not make further investments into the cryptocurrency sector. This news comes after two other leading Canadian pension funds, Ontario Teachers’ and Caisse de Depot et Placement du Quebec, experienced significant losses due to their crypto investments. CPPI CEO John Graham commented on the matter earlier this year: One needs …
The Stichting Pensioenfonds Smurfit Kappa Nederland has chosen NN Investment Partners, a subsidiary of Goldman Sachs Group, as the fiduciary manager of their €800 million ($842 million) investment portfolio. This full service will include liability-driven investment services and was facilitated by an intensive search beginning in January 2021. The contract officially took effect on December …