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Pension funds harness wind power to drive returns

Tue, 08/14/2012 - 6:25am
Reuters

COPENHAGEN (Reuters) - Pension funds hunting for higher returns are buying direct equity stakes in wind power projects that are being shunned as too risky by banks and other investors.

It is a major change for the funds, which favored government bonds for years until the debt crisis gripping Europe turned this once low-risk strategy on its head and drove down interest rates elsewhere, leaving few alternatives.

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