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first_imgABP, the €389bn Dutch civil service scheme, has directly invested €327m in the construction of the largest wind farm in mainland Sweden.The Åskalen project – comprising 80 turbines – would generate sufficient energy to power the equivalent of 300,000 Dutch households, the pension fund said.Åskalen is the first wind farm in which ABP has taken a 100% stake, cutting out external managers and their fees, according to Harmen Geers, spokesman for APG, ABP’s asset manager.He said that direct investment would give ABP increased control of the 288-megawatt project, which was crucial for getting the project into the construction phase. The pension fund intended to follow this approach in future projects as well, he added. Åskalen will be built in co-operation with Vasa Wind as operational manager, its owner Hg Capital, and Danish turbine manufacturer Vestas.ABP – which already has stakes in more than 100 wind farms worldwide – said the investment in Åskalen contributed to its target of reaching €5bn worth of investments in clean energy by 2020. This is to be achieved through infrastructure, private and public equity, and green bonds.ABP has also invested €250m in Norwegian hydropower operator Småkraft through a joint venture with German asset manager Aquila Capital. With the additional financial firepower of another €250m from debt financing loans, the joint venture has acquired or built approximately 100 small hydropower plants in Norway, annually generating 1 terawatt of clean energy.APG’s Geers said that Småkraft intended to double this capacity by 2020.With the investment in wind farm Åskalen, the civil service scheme has increased its entire clean energy portfolio to more than €3.1bn.Commenting on the investment, Corien Wortmann-Kool, ABP’s chair, emphasised that it was important to the fund to contribute to clean energy transition and the climate goals of the Paris Agreement, as one of the largest pension funds in the world.“ABP wants to provide its 2.9m participants with a decent pension in a sustainable way,” Wortmann saidlast_img read more

first_imgLATEST STORIES Brian Heruela arrival bolsters Phoenix backcourt, defense Harrell, Williams key Clippers bench in rout of Kings For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Sports Related Videospowered by AdSparcRead Next MOST READ Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Steam emission over Taal’s main crater ‘steady’ for past 24 hours “I am not leaving DLSU. The tiger emojis tweet had no meaning behind it,” Melecio, the UAAP Season 79 Rookie of the Year, posted.Melecio caused confusion over social media after tweeting tiger emojis Wednesday morning. He has since deleted the tweet.FEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkReports said Aldin Ayo, who is transferring from La Salle to University of Santo Tomas, is looking to bring some of his players to España.READ: Aldin Ayo leaves La Salle for UST Meralco ‘never the same’ after Almazan injury in PBA Finalscenter_img Scottie Thompson also worthy of Finals MVP, thinks Cone Jiro Manio arrested for stabbing man in Marikina View comments Photo by Tristan Tamayo/INQUIRER.netAljun Melecio isn’t going anywhere.The explosive guard assured the La Salle community that he will stick with the team.ADVERTISEMENT Melecio, though, quickly ended speculations on Twitter.“I wish Coach Aldin all the best, but I love La Salle and I love being a Green Archer,” said Melecio, a former UAAP juniors MVP.Melecio’s pronouncement is a welcome news for the Green Archers following Ayo’s departure and two-time UAAP MVP Ben Mbala, who opted to turn pro in Mexico.ADVERTISEMENT OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Redemption is sweet for Ginebra, Scottie Thompson Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacsonlast_img read more

first_imgSeveral Liberian engineers and chemists returned home last Thursday after completing specialized and intensive training in Jakarta, Indonesia,The training was sponsored by Golden Veroleum Liberia (GVL), which will employ the nine engineers and chemists in the operation and maintenance of farms, factories and mills it intends to establish here in the near future.The seven engineers received training in Oil Palm Mill construction, maintenance and operation while the other two were trained as Chemists.The engineers are reported to have undergone an 18-month program and on-the-job training, while the chemists underwent a six-month course.The GVL trained cadets will head to Sinoe and Grand Kru, where they will manage various projects for the company, which will help to bring economic stability to the region.During the welcoming ceremony at GVL headquarters in Sinkor, Assistant Minister for Regional Labor Affairs, Prince M. Korvah, expressed hope that the new professionals will not only be welcomed back home but will be fully provided for and given the privilege to work. “We want to commend the GVL family for a job a well done and we want you to know that you are true partners to the Liberian government. We hope that this will not be the end. By next year we hope that the company will have sent abroad another batch for study and intensive training,” Mr. Korvah said.Admonishing the professionals to contribute to the rebuilding process of the country, Assistant Minister for Planning and Development at the Ministry of Agriculture, Mr. Ousman Tall, lauded the company for investing in human capacity-building in Liberia.Mr. Tall indicated that the government has invested considerably in human resource-building in the country, adding that capacity building is not only about welcoming the students back home but further investing in their expertise.“Let me admonish you not to think that you have learned it all, because learning is a continuing process. You have to open your mind to development and remember also to humble yourself,” Minister Tall said.Also making remarks at the ceremony, was Grand Kru County Electoral District # 2 Representative, Numene Bartekwa, expressed thanks to the GVL management and lauded the experts for undergoing the training, adding: “Sinoe and Grand Kru Counties need you to help develop their farms. When the company was looking for brilliant people to go for studies, you showed yourselves to be capable and have proved it.”Thanking GVL for the opportunity afforded them the experts assured the gathering of their profound desire to work with the company and to help in promoting capacity building in the country.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more