Danish utility association Elsam says it is forming a publicly traded company to export turn-key wind power projects "primarily based on Danish produced wind turbines." According to Elsam the driving force behind the project, International Wind Power Investment A/S, are several of the huge pension funds in Denmark which are anxious to make long term environmentally correct investments. Elsam has granted DKK 21 million to the new company to make up 20% of the share capital. It is the first time Elsam has actively taken part in the export of Danish energy solutions, but if successful the company says it will consider other such projects. In Denmark, Elsam has said it will double its current 120 MW of wind power on land by 1999. This must be followed by another 480 MW before 2005, according to the government policy, outlined in Energi 2000. Elsam claims it is cheaper for Denmark if the utility sector, and not the private sector, installs wind plant. This claim is hotly denied by the wind lobby which has undertaken a comparative study of utility versus private economics in wind development.