Bloomberg said that Arise Windpower, a Swedish developer of renewable energy projects, is targeting investments from pension funds as it seeks to curb reliance on bank loans.

“We probably will sell off part of our operational wind farms,” Chief Executive Officer Peter Nygren told the newswire. “The profit and cash released can be used in new wind farms.”

Arise is targeting a fivefold expansion in wind turbines by 2014 as Sweden seeks to generate 49 percent of its power from renewable sources by the end of the decade, Bloomberg said.