Your Portal for Key Energy Information and Research

PKA Ltd.

Company Summary

Description

PKA Ltd. (in Danish: Pensionskassernes Administration A/S) is one of the largest pension service providers for labour market pension funds in Denmark. PKA Ltd.manages the assets on behalf of the individual pension fund based on the investment policy stipulated by the board of each one. The benefits are retirement pensions, spouse pensions, child pensions, disablement pensions, lump sum retirement pensions and group life insurance benefits.

Recent news

  • 10/25/2018 - Canadian Solar and PKA... (subscriber access)

Company Transactions

Date: 10/25/2018
Type: Acquisition

BUYERS:
  • PKA Ltd.
    • SELLERS:
  • Canadian Solar Inc
  • Recurrent Energy
    • PROJECTS:
  • Tranquillity Solar Power Project
  • Garland Solar Park
    • DETAILS:

    COST: 307 $MM

    VOLUMES: 49 Percent

    NOTES:
    Canadian Solar and Pensionskassernes Administration ("PKA") announced Recurrent Energy has finalized a transaction with PKA for interests in two solar photovoltaic projects. PKA will acquire 49% passive equity stake in the Garland and Tranquility solar facilities equivalent to 260 MWp. The deal is valued at roughly $307 million and represents PKA's first solar investment. Southern Company represents the 51% majority stake and will continue to provide asset management services on both projects.
    REGIONS:
  • California