East Flanders buys into solar power
BELGIUM - The pension fund of the Belgian East-Flanders region will invest in a €117m renewable energy project via the Gent-based solar energy specialist Enfinity1.
The fund has said it will commit €5m to the project, which will see solar panels installed at offices in Belgium in the next few years.
It is the first investment in renewable energy for the OFP (organisations for financing pensions) fund - a new legal structure introduced this year.
"Aspiring to a more efficient management of the assets and more stable returns," the board of the pension fund decided to further diversify its asset management, undertaken by KBC Asset Management, Corluy Bank, Vanguard Europe and Dexia Asset Management.
The fund began investing in real estate in 2006, when it bought an office buildig in Merelbeke.
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