PIC invests £115m in offshore wind farm debt

Stephanie Baxter
clock • 1 min read

Pension Insurance Corporation (PIC) has invested in the expanding offshore wind sector for the first time, expanding its asset allocation to renewable energy.

The defined benefit pension fund insurer has allocated £115m towards debt financing for the acquisition of 50% in the Walney Extension Offshore Wind Farm Project, which will become the world's larg...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: New pathways to alternative credit

Partner Insight: New pathways to alternative credit

Nuveen
clock 15 May 2025 • 2 min read
Government must establish pipeline to encourage investment in UK, WPC told

Government must establish pipeline to encourage investment in UK, WPC told

Industry panel says government mandation could have ‘unintended consequences’

Martin Richmond
clock 14 May 2025 • 4 min read
How pension providers have reacted to the Mansion House Accord

How pension providers have reacted to the Mansion House Accord

Signatories point to improved outcomes for members and welcome collaborative approach

Jonathan Stapleton
clock 13 May 2025 • 13 min read
Trustpilot