Pedersen says the fund is reallocating some of its investments in traditional bonds to infrastructure and renewable energy.

“We are looking to do a project once a year for the next five years,” says Pedersen. “There is a big demand for large-scale capital, so I think we will be able to fulfil this ambition.”

The fund aims to invest 10% of its total allocations in infrastructure and renewable energy, with most money directed into offshore wind farms.