A new key biodiversity platform for cross sectoral collaboration
For its inaugural launch, World Biodiversity Summit will help define what world leaders and the private sector in biodiversity and climate action need to do in the medium and long term to achieve sustainable development and hinder further biodiversity loss, focusing on partnerships and investment mechanisms as levers of progress. World Biodiversity Summit is a platform for responding to accelerating biodiversity loss, by using the Paris Agreement as a framework to learn from, promoting relevant solutions, innovations, and leadership networks, strengthening nature restoration and conservation. Nature-based solutions will be highlighted, from specificecosystems to global possibilities.
Little Bear & Prospero - PKA
In 2020, PKA invested DKK 1.7 billion in two solar parks in California and Texas: Little Bear and Prospero.
The solar parks have a total capacity of 588MW with an area equivalent to over 1,300 football fields. In total, the parks are expected to generate electricity corresponding to the annual consumption of 280,000 Danish homes.
PKA and PenSam have 50% of the ownership of the parks. PKA accounts for 76.9% of the investment and PenSam's share is 23.1%.
Asset classes
• Green energy infrastructure
Value in US dollars
• USD 245 million
Geographic location
• Andrews County, Texas, USA
• Fresno County, Californien, USA
Green Dimension(s):
• Clean Energy Production
Expected Maturity
• 2055
Partners
• AIP
• Longroad Energy
• Facebook
• US Bank
Form of Funding
• Equity and term loan
Contact
Dewi Dylander
Deputy Executive Director, Head of Sustainable Investments (ESG)
ddy@pka.dk
