Folksam Group Invests SEK 200 Million in Green Bond to Support Renewable Energy and Sustainable Housing in Èûstersund Municipality

Strategic Insights -

The Folksam Group is investing SEK 200 million in a green bond issued by Èûstersund Municipality to develop and advance ongoing projects in renewable electricity and sustainable housing areas. This investment will be used to take the next step in projects such as the Hocksjȵn wind farm and the Hissmofors battery facility, contributing to Èûstersund Municipality's efforts to limit climate change and promote sustainable community development.

Key Takeaways:

  • The Folksam Group is investing SEK 200 million in a green bond to support renewable energy and sustainable housing in Èûstersund Municipality.
  • The investment will be used to develop and advance ongoing projects, including the Hocksjȵn wind farm and the Hissmofors battery facility.
  • The Folksam Group's pension funds, including KPA TjÈñnstepensionsfȵrsÈñkring, Folksam Liv, and Folksam TjÈñnstepension, will contribute to the investment.
  • Mark Jonsson, Business Developer at KPA Pension, emphasizes the importance of supporting sustainable community development and promoting welfare jobs.
  • The Hocksjȵn wind farm is estimated to produce approximately 430 GWh of renewable electricity per year.
  • The Hissmofors battery facility will support the power system through so-called support services to keep the frequency stable in the electricity grid.
  • Remonthagen Èûstersundshem has built energy-efficient, innovative, and sustainable housing areas, including the StallmÈñstaren sheltered housing complex.

Statistics:

  • SEK 200 million: the amount invested by the Folksam Group in the green bond.
  • SEK 88 million: the amount of the investment contributed by KPA Occupational Pension Insurance.
  • SEK 44 million: the amount of the investment contributed by Folksam Liv.
  • SEK 32 million: the amount of the investment contributed by Folksam Occupational Pension.
  • SEK 10 million: the amount of the investment contributed by The Consumer Cooperative's Pension Foundation.
  • SEK 26 million: the amount of the investment contributed by Folksam Sak.
  • 430 GWh: the estimated annual production of renewable electricity from the Hocksjȵn wind farm.
  • 23: the number of wind turbines at the Hocksjȵn wind farm.
  • 15 MW: the capacity of the Hissmofors battery storage facility.
  • 72: the number of apartments at the StallmÈñstaren sheltered housing complex.
  • 24: the number of small, space-efficient apartments at the Remonthagen Èûstersundshem housing area.

Sources:

  • Folksam Group
  • Mark Jonsson, Business Developer at KPA Pension
  • Èûstersund Municipality
  • Folksam Group's press release (July 1)