March 19, 2009 Clean Tech Brief
The $72.4 billion Danish pension fund ATP is investing up to $400 million (2.2 billion Danish kroner) in alternative energy through U.S.-based private equity firm Hudson Clean Energy Partners.
The investments will be made in traditional renewable energies such as solar, wind and hydro, and also in new forms of energy like biofuels and biomass.
"ATP's investment in Hudson Clean Energy is a new step in ATP's climate-related bet,” said Lars Rohde, director of the pension fund. "This investment will give us direct access to new knowledge about climate-related technologies that can be used in our future investments."
The Teaneck, New Jersey-based Hudson Clean Energy Partners was founded by Goldman Sachs veteran Neil Auerbach. The firm focuses on late stage investing in renewable power, alternative fuels, energy efficiency and storage.
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