PensionDanmark will be a new minority shareholder in the Danish floating foundation designer Stiesdal.
Stiesdal chief executive Henrik Stiesdal (pictured) said: “We are strong with PensionDanmark’s entry into the company’s ownership circle.
“PensionDanmark is known for having sustainability and responsibility as part of the DNA and for focusing on renewable energy and job creation.
“It fits perfectly with the company’s values and visions.”
Stiesdal’s company’s floating foundations can make it possible to install offshore wind turbines regardless of the sea depth, and this can multiply the already very large potential in offshore wind worldwide.
During 2021, Stiesdal expects to install a demo project with one of its floating foundations off the coast of Norway with funding from Shell, RWE and Japan’s largest utility company, TEPCO.
PensionDanmark chief executive Torben Möger Pedersen said: “The investment in Stiesdal has a significant return potential, at the same time as it is a company that can greatly contribute to counteracting climate change and creating new green jobs in Denmark.
“Thus, it is a perfect match for us.
“Stiesdal is a young company, but they have shown that they can think new, develop concrete solutions and establish partnerships that can really move the green transition.”
PensionDanmark’s investment in Stiesdal is made by subscribing for new shares.
At the same time as PensionDanmark’s investment, capital is also being raised from the existing owners.