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Pensioenfonds Zorg & Welzijn (PFZW), a EUR185.4 billion Dutch healthcare pension fund, and Stichting Bedrijfspensioenfonds voor het Schilders-, Afwerkings- en Glaszetbedrijf (Bpf Schilders), the EUR6.7 billion industry wide scheme for Dutch painters, have invested in solar energy. PGGM, a Zeist-based pension provider, has made a commitment of more than EUR200 billion--mandated by the two funds, among other unnamed clients--in SolarCity, Elon Musk 's solar energy production company in the US.
This is a maiden investment in this area for the provider and its clients, noted Maurice Wilbrink, PGGM's spokesman. "We have a commitment in a fund that invests in solar parks in Europe, but this is a first for us, because here we are investing in contracts where you have...