Denmark’s Sampension has said it is making its first direct investment in green energy, financing a new 33MW wind farm to be built in west Jutland.

The DKK195bn (€26.1bn) labour-market pension scheme is financing the 10-turbine Ulvemosen wind farm project in Varde, which will be established and operated by wind and solar-power developer European Energy.

Anne-Charlotte Mark, head of equities and alternative investments at Sampension, said: “Ulvemosen is our first direct investment within renewables and part of the strategy to increase exposure to energy-related infrastructure.”

Sampension said it had high expectations for the project.

European Energy said the project would be owned by Sampension but that a part of it would be owned and operated by local land-owners and neighbours to the project.

The developer said it had been planning the project for the last 4-5 years.

The plant will have an estimated output of around 100GWh a year, equal to the energy consumption of 20,000 households, European Energy said.

Danish manufacturer Vestas said European Energy has placed an order with it for 10 V117-3.3MW turbines, which is being financed in collaboration with Sampension.

The turbines are expected to be delivered and commissioned in the fourth quarter of this year.