Plugging wind's financing gap

Pension (super) funds on the search for higher returns are making regular plays into wind power projects at a crucial time for the sector, with banks keeping their powder dry.

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 favoured 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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