Four Danish pension funds invest DKK4.5bn in German offshore wind farm

first_imgPKA’s individual investment in the wind farm will be DKK2.2bn, while Industriens Pension is investing DKK940m.Peter Damgaard Jensen, PKA’s chief executive, said: “PKA will continue investing in such projects, since they are in line with the wish for a sustainable return and our members’ demand to make a positive impact on the climate.” He said Gode Wind 2 was the fourth offshore wind farm in which PKA had invested.Industriens Pension’s chief executive Laila Mortensen said that, by investing in the project, the pension fund would secure a long-term stable return on investment for its members.Lægernes Pensionskasse said the investment fit well with its existing portfolio.Construction of the installation is expected to start next year, with full commissioning of the wind farm – and neighbouring wind farm Gode Wind 1 – expected in 2016.DONG Energy is to operate and maintain the wind farm as well as provide a route to market for the power it produces, according to the agreement.Gode Wind 2 will have an output capacity of 252 MW and be able to supply carbon-free power equivalent to the annual electricity consumption of more than 260,000 households, DONG Energy said.It will be built in the German part of the North Sea, about 45km off the north-western coast of Germany. PKA is leading a consortium of four Danish labour market pension funds to buy half an offshore wind farm project for DKK4.5bn (€603m).The consortium, which includes industrial-sector pension fund Industriens Pension, teachers’ fund Lærernes Pension and doctors’ fund Lægernes Pension, will acquire a 50% stake of the Gode Wind 2 German offshore wind farm project from Danish energy company DONG Energy, according to an agreement signed yesterday.The total sales price will be paid to DONG Energy between 2014 and 2016.When the deal is complete, PKA will hold 24.75% of the project, Industriens Pension 10.5% and Lærernes Pension 8.75%, with 6% belonging to Lægernes Pensionskasse.last_img read more

Pension funds must denounce bonuses to restore faith – survey

first_imgHe said he did not believe changing managers in such circumstances would necessarily come at the expense of returns.“If it is the case, however, it would be a good idea for pension funds to give participants the option of choosing principle over returns.”Burggraaff said the “bonus issue” was part of a broader message from participants – “who seem to demand that pension funds deal with their money in a decent way, which includes sustainability and less risk-taking”.Mercer, which interviewed a “representative group” of 823 participants, found that sustainable investment was particularly important to over 66s.Participants between the ages of 30 and 65 also prioritised clarity about their future net pension income.The latter group said it would also like pension funds to take less risk when investing their assets, preferring lower, but more stable, returns.The survey suggested workers of less than 30 years prioritised the option of choosing their pensions provider.Younger employees also rated highly pension funds’ ability to provide insight on participants’ personal financial situation, as well as freedom of choice in the benefit phase, Mercer said.The consultancy found that participants’ faith in their pension funds hardly improved over the past year, with respondents rating their schemes at an average 5.9 points out of 10, and one-third categorising their schemes as ‘inadequate’. In addition, 26% of participants said faith in their pension funds had fallen, while 7% said the opposite. Pension funds wishing to win back their participants’ trust must denounce bonuses at asset managers and the companies in which the schemes have invested, Mercer Netherlands has said.Dutch pension-fund participants, when asked in a Mercer survey what schemes should do to restore confidence in the industry, said they should reject bonuses more emphatically.Tim Burggraaf, a partner at Mercer, said participants expected pension funds to make a real effort to drive down bonuses.“Pension funds can do this by using their clout or, as a last resort, leaving their managers,” he said.last_img read more

Southeast suburb set to swell

first_img RELATED: An aerial showing the new residential areas with some of the new regional park facilities in the foreground at Peet Limited’s Flagstone development.“I expect this growth trend to continue on to 2019.“Most purchasers come from Brisbane’s south side, however we have also welcomed some interstate buyers looking for affordable acreage.“The real drawcard for Jimboomba is that it appeals to everyone from those looking for traditional family home sites through to 20 acre lots, all within an hour of the Brisbane CBD.” That’s according to @Realty agent Bill Williams, who said the increase would be largely driven by land availability and affordability compared to other areas in southeast Queensland. “The median house price is currently about $518,700 and we have seen growth in values of around 14.2 per cent over the past few years,” Mr Williams said. Developer Peet Limited managing director and CEO Brendan Gore said the monster playground was a gift to the community.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago“We are extremely excited and proud of what this facility provides for our community,” Mr Gore said.“The opportunity to unveil this new stage and bring some adventure to the school holidays is our gift to the many parents and grandparents who are looking for free activities to entertain the children this summer.“Greater Flagstone is one of the biggest new residential areas in Australia with more than 20 families moving in to Peet’s Flagstone City every month. “We are building a city for the future and we want it to be an exciting place for the many families who live here and a key destination to encourage visitors to the region.” The new adventure playground at Flagstone, Jimboomba.“Located halfway between Brisbane and the Gold Coast, Flagstone is one of the biggest new residential communities in southeast Queensland,” Mr Gore said.“Over the next 30 years, the $6.7 billion development will grow into a satellite city with 12,000 homes and a CBD featuring shops, offices with plans for a future hospital, tertiary campus and train station set in 330ha of green space.“More than 6000 people have already discovered life in Flagstone, which is a thriving neighbourhood with schools, shops and community facilities.”According to CoreLogic, the bargain property of the year was at the start, when a 1 975-built three-bedroom home on 1042sq m sold for $295,000 on January 12.The top sale was a 24.73ha amalgamation of six titles, at 107-117 East St, Jimboomba, which sold for $2.8 million on July 3.The East St properties sold to developer QM Properties Pty Ltd. MORE: According to CoreLogic Market Trends data to September, 150 homes were sold in Jimboomba in the year at a median sales price of $530,000, which was 8.2 per cent up on the previous year and 23.3 per cent more than five year prior.The median days on market was 63 days, and people tend to hold on to their home for an average of 11.8 years.The median rent was $420. Home with side hustle of llamas, pizza yurtcenter_img Kids are already playing at the newly opened playground.One of the biggest playgrounds to be built in southeast Queensland was opened in the suburb just in time for the school holidays on December 15. A streetscape of Peet Limited’s Flagstone display village.Families are moving to Jimboomba in droves, with the population to increase to more than 80,000 people within 20 years. Own your own motocross track Brisbane skyhome fetches millions >>FOLLOW EMILY BLACK ON FACEBOOK<< Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDifferences between building in new or established estates01:50last_img read more

ITTF World Tour Hungarian Open:Japanese teenagers win big in Budapest

first_img Loading… A fourth ITTF World Tour men’s singles title for Harimoto, this was totally new territory for Uda, whose previous best on the circuit was a second round exit at last year’s Czech Open. In Budapest he ended European hopes, defeating Austria’s Robert Gardos (11-6, 7-11, 16-18, 11-7, 11-6, 11-7), before overcoming England’s Liam Pitchford, the no.9 seed (11-13, 11-8, 11-5, 5-11, 11-6, 11-7) en route to Sunday’s silver medal finish. While Harimoto got his hands on gold without ever being extended the full seven games distance, it was somewhat different for fellow Japanese star, Mima Ito, top seed in the women’s singles event. In the final against Chinese Taipei’s Cheng I-Ching, the no.3 seed, down 2-3 in games, in the sixth she trailed 2-7 before recovering to win her eighth ITTF World Tour women’s singles title (11-7, 1-11, 11-6, 7-11, 2-11, 11-9, 11-7). “We have played each other a number of times, so we know each other’s game really well. It is never easy to come up against her. Game six was very important when I changed the direction of play. For the final game I played stronger and I found my rhythm. I am very happy about taking the trophy here in Budapest.” – Mima Ito Earlier in the event, Ito had been required to break down defensive play; at the quarter-final stage she beat colleague Hitomi Sato, the no.6 seed (9-11, 7-11, 11-6, 11-8, 11-1, 11-2), prior to overcoming Germany’s Han Ying, the no.14 seed (11-7, 11-9, 10-12, 11-7, 11-4). FacebookTwitterWhatsAppEmail分享 Japanese duo Tomokazu Harimoto (aged 16) and Mima Ito (19) won the respective men’s singles and women’s singles titles at the 2020 ITTF World Tour Hungarian Open in Budapest on Sunday 23rd February. Their success came the day after Japan’s Miu Hirano and Kasumi Ishikawa had secured the women’s doubles top prize, Germany’s Benedikt Duda and Patrick Franziska had struck men’s doubles gold, and Hong Kong China’s Wong Chun Ting and Doo Hoi Kem had emerged the mixed doubles champions. Harimoto, the top seed, entered the action in Budapest with a point to prove. The previous month at the All Japanese National Championships he had been beaten in the men’s singles final by Yukiya Uda. Furthermore, the last time he had played in Budapest, at the Liebherr 2019 World Championships, he had experienced a shock fourth round defeat. In determined fashion, debts were settled and gremlins laid to rest; after ending German hopes by beating Benedikt Duda (12-10, 9-11, 11-6, 12-10, 9-11, 11-4) and Dimitrij Ovtcharov, the no.3 seed (11-9, 11-8, 11-4, 11-8), Harimoto then got his revenge over Uda in the final (7-11, 11-8, 11-2, 11-6, 11-9) to seal his first international title of 2020. “I was looking forward to this final to take my revenge after this year’s All Japan Championships. After winning the second game I was in control of the match, my confidence grew point by point and I started to play at a higher level. I am very happy about the title and the fact I was able to elevate my game to a high level in Budapest.” – Tomokazu Harimoto Promoted ContentThese TV Characters Left The Show And It Just Got BetterThe Highest Paid Football Players In The WorldTop 10 Most Romantic Nations In The World5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme Parks2020 Tattoo Trends: Here’s What You’ll See This Year10 Asian Actresses Of Irresistible Beauty9 Best Movie Robots Of All Time10 Greatest Disney Female Villains We Love AnywaysWhich Country Is The Most Romantic In The World?What Happens To Your Brain When You Play Too Much Video Games?last_img read more

30 injured as car rams Germany carnival procession

first_imgBERLIN – Some 30 people includingchildren were injured Monday when a car ploughed into a carnival procession inthe small German town of Volkmarsen, with police arresting the driver butdeclining to speculate on a motive. Police in the Germany town of Volkmarsen said it was too soon to say whether it was a deliberate act. AFP Prosecutors in Frankfurt said the29-year-old suspect was a German national who faces charges of attemptedhomicide over the incident in the western state of Hesse.center_img The investigation was continuing“in all directions”, they said in a statement, after police stoppedshort of calling the incident an attack. (AFP)last_img

Treñas to stranded Ilonggos: NO QUARANTINE, NO TRIP HOME

first_imgAll the five active cases are being quarantined by the city government. Latest data from the Department of Health (DOH) Region 6 showed that this city has five remaining active COVID-19 cases from a total of 19 confirmed cases since recording started in March. Thirteen already recovered while only one case died. * vice chairperson (for LSIs) – Jeck Conlu of the Public Safety and Transportation Management Office * overall chairperson – Mayor Jerry Treñas COVID-19 can spread from person to person through small droplets from the nose or mouth which are spread when a person with COVID-19 coughs or exhales. a. Meet regularly to discuss the implementation of guidelines and protocols for returning residents, be these LSIs or overseas workers. Mayor Jerry Treñas. CMO These were the guidelines or requirements: * certificate issued by the LGU Health Unit of the place of origin that the returnee has completed the 14-day quarantine and does not exhibit signs and symptoms of COVID-19. c. Coordinate with private and government offices regarding the names, history, COVID-19 testing, accommodation and other important details about the returning residents. Information reached the mayor that these residents – referred to as “locally stranded individuals” or LSIs – were not keen on observing the 14-day quarantine required of all returning residents. These droplets also land on objects and surfaces around the person. Other people then catch COVID-19 by touching these objects or surfaces, then touching their eyes, nose or mouth. The committee is composed of the following: d. Coordinate with their counterparts from other local government units (LGUs) and agencies tasked to monitor and manage the COVID-19 situation in the Philippines, regarding the travel details of the returning residents. * vice chairperson (for returning overseas workers) – Franco Anthony Agudo of Iloilo City Planning and Development Office “Naga-worry kita. Indi sila kuno magpa-quarantine. So untaton ta anay ang flights until they agree nga mapa-quarantine,” said Treñas yesterday. * members – Dr. Roland Fortuna (Iloilo City COVID-19 focal person); Dr. Anabelle Tang (City Health Office); Anabelle Rosario Blancaflor (Special Assistant to the City Mayor); Atty. GV Eutiquio Cuñada (City Legal Office) The city’s chief executive hoped that the LSIs would understand that the mandatory quarantine aims not to inconvenience them but to protect fellow residents of the city from the possible spread of SARS-CoV-2, the virus that causes the coronavirus disease 2019 (COVID-19). f. Recommend to the City Mayor and the City Council for the passage, issuance, formulation, and adoption of policies, measures and legislation to ensure the minimal risk of local transmission of COVID-19 which may be triggered by the arrivals of returning residents. b. Formulate specific safety guidelines to prevent the spread and local transmission of COVID-19. * certificate issued by the City Mayor allowing the returnee to enter Iloilo City Treñas tasked them to do the following: Just this May 11, Treñas issued Memorandum Order No. 145 setting guidelines for the processing of returning residents from enhanced and general community quarantine areas. Thus, said Treñas, it is either the LSIs agree to a two-week quarantine or wait wherever they are currently stranded until the COVID-19 pandemic has ceased. ILOILO City – Mayor Jerry Treñas ordered a temporary halt to the processing of the return of Iloilo City residents stranded in Metro Manila, Cebu and elsewhere due to community quarantine. Should the LSIs agree to undergo quarantine, Treñas said he would immediately order the resumption of the processing of these Ilonggos’ return to the city. e. Submit regular reports to the City Mayor and the City Council or as frequent as the situation may require. * barangay certificate of residency duly verified by the Iloilo City COVID-19 operation center * undertaking that returnee shall undergo mandatory RT-PCR test upon arrival in Iloilo City and shall be subject to quarantine Related to this effort, Treñas yesterday issued Executive Order (EO) No. 083 creating an ad hoc committee. * negative COVID-19 reverse transcription–polymerase chain reactiontest result (only for those from areas under enhanced community quarantine)/PNlast_img read more

Shelby Rupp

first_imgCongratulations to Shelby Rupp who played high school ball for the Batesville Bulldogs last year.  This year the 6’2″ Rupp is a forward on the #1 ranked Thomas More College basketball team.  In her last game Shelby scored 7 points as the Saints beat Waynesburg.  She was 3 of 4 from the field and 1 for 1 from the free throw line.  Thomas More is a Division III basketball team that is trying to repeat as National Champions.  They are led by Sydney Moss who was the national Player of the Year last year.In 11 games Rupp is averaging 3.8 PPG and 2.6 RPG.  Shelby is an elementary education major.  The Bulldogs are proud of Shelby!last_img

Gareth Bale gets famous squad number at Tottenham

first_imgGareth Bale has been given the no.9 shirt after completing a stunning loan return to Tottenham. Seven years after leaving for Real Madrid in a then world-record deal, the Welshman has sealed his return to north London on a season-long loan deal. Bale travelled to London on Friday in a private jet owned by chairman Daniel Levy, where he and Sergio Reguilon – who also made the trip – spent the day at the club’s Hotspur Way training ground to finalise their deals. Tottenham officially announced both deals on Saturday, with Reguilon completing a £25million signing, while Standard Sport understands Bale’s loan deal will cost under £15million in total with Madrid subsidising the majority of his reported £600,00-a-week salary. Bale was initially given the No.16 shirt when he first arrived in 2007/08 before taking the No.3 shirt as he began his meteoric rise to the top at the end of the 2011/12 season. Of course, by the time Bale left Tottenham, he was was dazzling in his No.11 jersey, which he subsequently kept hold of while at Madrid where he trademarked his ‘Eleven of Hearts’ goal celebration. However, on making his return, a change of numbers seemed inevitable with Erik Lamela currently occupying the shirt.Advertisement Loading… Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemContemplate Life At These 10 Stargazing LocationsBest & Worst Celebrity Endorsed Games Ever MadeCouples Who Celebrated Their Union In A Unique, Unforgettable Way10 Risky Jobs Some Women DoWho’s The Best Car Manufacturer Of All Time?7 Universities Where Getting An Education Costs A Hefty Penny8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Universities In The World With The Highest Market ValueThe Biggest Cities In The World So Far6 Extreme Facts About Hurricanes10 Awesome TV Series That Got Cancelled Way Too Soon Read Also: Real Madrid boss uncertain about Eden Hazard return And following confirmation, Bale was shown with the No.9 shirt, a jersey worn by the likes of Paul Gascoigne, Jimmy Greaves, Dimitar Berbatov and Martin Chivers. Meanwhile, Reguilon was handed the No.3 shirt, which was newly vacant with Danny Rose not given a squad number this season. FacebookTwitterWhatsAppEmail分享 Moments before announcing the official confirmation of Bale’s move, Spurs provided a hint he would wear the No.9 shirt, tweeting “16:03:11:09” alongside a house emoji, seemingly implying the Welshman was coming home to a brand new squad number.last_img read more

Moore recruited for Canaletto

first_img Press Association Aidan O’Brien’s colt has been the subject of strong support for the premier Classic and will now have the assistance of a world-class jockey. Giovanni Canaletto, who finished second on his seasonal bow in a Group Three at the Curragh on May 24, is around the 8-1 mark for the Derby. Coolmore tweeted that Joseph O’Brien will ride stablemate Kilimanjaro, while Hans Holbein is the mount of Seamie Heffernan. Moore has also been given the go-ahead to ride the O’Brien-trained Tapestry in the Investec Coronation Cup. Coolmore have firmed up plans for the Investec Oaks on Friday too. Joseph O’Brien gets the leg-up on Together Forever, with Heffernan on Diamondsandrubies and Colm O’Donoghue on Qualify. Fellow Coolmore filly Legatissimo, trained by David Wachman, is also set to run in the Oaks after she claimed the 1000 Guineas at Newmarket in the hands of Moore. center_img Ryan Moore will partner plunge horse Giovanni Canaletto in the Investec Derby at Epsom on Saturday.last_img read more

Schools in Palm Beach County to reopen on Aug. 10th

first_imgWhile the school district of Palm Beach County has a date in which they plan to reopen schools to the public, district officials are still working out the finer details of a reopening plan.They have been working with the health advisory committee on what this school year should look like for students according to north regional superintendent Camille Long”“The superintendent created a health advisory committee and that committee is comprised of local and state professionals, medical and health professionals that provide feedback and best practices related to CDC guidelines to the superintendent, as well as the district,” Long said. “Their expertise guides our decision-making.”District officials are also looking to parents to help make a decision on whether schools should hold classes on campus only or if students should be required to take classes both online classes and on campus classes.“At this time school is slated to open Aug. 10, but, again, we are using feedback from the surveys and virtual town halls to provide input on the opening of schools,” Long said.Meetings to discuss potential school policies and safety concerns will take place daily through Thursday. A detailed reopening plan will be available next month.last_img read more