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Nysted Offshore Wind Farm

Upon its erection in 2003, Nysted was one of the world’s largest offshore wind farms. In September 2010, PensionDanmark acquired 50 per cent of Nysted, making it our first direct investment in renewable energy in Denmark.

The stake was acquired from DONG Energy (now Ørsted) at a price of DKKm 670. Today, Ørsted is still the operator of the wind farm, which is located south of the Danish island of Lolland. Nysted’s production of electricity equals the power consumption of 140,000 Danish households.

The acquisition of Nysted sought to achieve returns well above those of low-risk bonds, while at the same time reducing uncertainty through a state-backed feed-in tariff and other risk-minimising mechanisms. At the same time, the investment contributed to reaching our goal of increasing our asset allocation in the infrastructure and renewables spaces.

Nysted Offshore Wind Farm is made up of 72 turbines. Each turbine has a nameplate capacity of 2.3 MW, resulting in a total capacity of 165.6 MW. The turbines reach a total height of 110m, with each blade having a length of 40m.