In the first of a new series of asset owner interviews, Head of ESG and Sustainability Jan Kaeraa Rasmussen outlines the next steps for PensionDanmark’s broadening green energy portfolio.
Investors in the green energy transition in developed markets have had a tough year. The US has performed a u-turn, with the Inflation Reduction Act’s tax incentives being succeeded by hostility to renewables, especially wind, from the Trump administration. This week, shares in Ørsted slumped in response to $9.4 billion rights issue – prompted by the offshore wind developer’s failure to find a buyer for its stake in a project off the New York coast.
