Denmark’s Sampension is making its first direct investment in green energy, financing a new wind farm project in west Jutland.

The DKK195bn (€26.1bn) labour-market pension scheme is financing the 10-turbine Ulvemosen wind farm 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 33MW farm project.

European Energy said the wind farm would be owned by Sampension, with a part of it owned and operated by local land-owners and neighbours. The developer said it had been planning the project for the last four to five 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 for 10 new V117-3.3MW turbines, financed in collaboration with Sampension.

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