PensionDanmark is set to invest approximately £153m in six wind farms in the UK which are owned by Falck Renewables.

The pension fund will acquire a 49% share in the wind farms in Scotland and Wales, which combined will supply 160,000 households with power.

The deal is subject to certain conditions and approvals and these are expected to be approved within the first quarter of 2014.

Torben Möger Pedersen, Pension Danmark CEO, said: "Our investments in different types of infrastructure ensure our members an attractive and inflation linked return for many years.

"The investment in the six UK wind farms is an important element in this strategy with Falck Renewables as a very strong partner in European wind."

The investment will be made through the Copenhagen Infrastructure I fund, which was founded in 2012 and is managed by Copenhagen Infrastructure Partners.

The fund said that it has direct and indirect infrastructure investments worth just over $1.8bn and is expecting to invest a further $1.44bn in infrastructure over the next four years.

First published 04.12.2013

monique_simpson@wilmington.co.uk