Danish pension fund, PFA, has invested DKK 100m in US solar energy developer and energy storage provider, Origis Energy.

The investment will generate up to 20 gigawatts of solar energy, which will be able to supply millions of households. The investment is made in collaboration with Antin Infrastructure Partners, which is one of the world's leading private equity companies with a focus on infrastructure.

The US has set a goal of halving its CO2 emissions by 2030, and therefore coal, oil and gas are facing a massive phasing out of the US energy supply. This creates a need for investments in renewable energy sources such as wind and solar cells, as well as the development of energy storage that can store energy when the weather is fine.

"The United States is the world's largest energy consumer, and it is crucial that they replace the black energy sources with green in the coming years if we are to meet the Paris Agreement's climate goals. With the Biden administration's ambition to cut US emissions by 50 per cent, the direction has been set for the green transition,” PFA CIO, Kasper A Lorenzen, said.

“The investment in Origis Energy helps to support the transformation towards sustainable forms of energy and is in line with PFA's goal of reducing CO2 emissions from investments by 29 per cent by 2024 compared to 2019.”

Origis Energy was formed in 2008 and has developed 130 solar and energy storage projects, which supply green electricity to more than 650,000 households. The company also has a project pipeline of 20 gigawatts corresponding to the electricity consumption of several million households.

With the investment, Antin Infrastructure Partner will become the majority owner and will be able to contribute to the planned expansion of Origis Energy's capacity and market position.

“Origis Energy is well positioned in the market and together with Antin Infrastructure Partners we can help lift the company to the next level. At PFA, we want to be the best for sustainable investments, and Origis Energy fits in very well with our strong portfolio of green investments, which include offshore wind farms off the Scottish coast and solar parks in England,” Lorenzen said.

Share Story: