Danish pension fund ATP is making a “triple-digit million Danish kroner investment” into Better Energy, a Danish developer and owner of solar parks, and will now own 15% of the company and hold a seat on the board of directors. Better Energy has a pipeline of over 10 gigawatts (GW) from large-scale solar parks, which ATP’s investment will help to develop. Mikkel Svenstrup, ATP’s CIO, said: “The necessary green transition and the European desire to free itself from reliance on Russian natural gas requires a significant expansion of renewable energy sources. The demand is increasing, and there is a need to invest in green energy – also on land. An investment in Better Energy contains opportunities for ATP to generate attractive returns and it will also make a positive contribution to reducing CO2 emissions.”
