PFA invests DKK 100 million dollars in solar energy development and energy storage in the United States

22 December 2021

PFA is now investing $ 100 million in Origis Energy, one of the leading developers of solar energy and energy storage in the United States. The investment will expand the US energy supply with up to 20 gigawatts of solar energy, which will be able to supply millions of households with green energy. 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 massive investments in renewable energy sources such as wind and solar cells, as well as the development of energy storage that can store energy when it is windless and cloudy.

PFA would like to support this development for the benefit of both the climate and customers’ returns.

“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 percent, the direction has been set for the green transition, “says Kasper A. Lorenzen and continues:

“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, ”says Group Investment Director Kasper A. Lorenzen.

Source: PFA
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