RUS | ENG
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-04-08 11:10:00

NORWAY'S RENEWABLE INVESTMENT $14 BLN

NORWAY'S RENEWABLE INVESTMENT $14 BLN

Government.no - The Government is allowing for the Government Pension Fund Global to be invested in unlisted renewable energy infrastructure under the dedicated environmental mandates. Such investments shall be subject to the same profitability and transparency requirements as the other investments of the Fund, says Siv Jensen, Minister of Finance.

The market for renewable energy is growing rapidly. A major part of the renewable energy investment opportunities is found in the unlisted market, especially in unlisted infrastructure projects. Expectations of significant investments going forward mean that this market is of interest to institutional investors such as the Government Pension Fund Global.

The Government is now allowing for the Government Pension Fund Global to be invested in unlisted renewable energy infrastructure. The investments shall be made within the scope of the special environment-related mandates only. The upper limit on such investments will be doubled, from NOK 60 to 120 billion.

Such investments will form part of the Norges Bank's active management, and will draw on the scope for deviations from the benchmark index, which is to remain unchanged. In addition, the introduction of a separate upper cap on unlisted renewable energy infrastructure investments, at 2 percent of the Fund, is proposed in order to limit risk.

– The proposed regulation will enable Norges Bank to adopt a gradual approach in a relatively small market and to invest in a cost-effective manner, says Siv Jensen, Minister of Finance.

Norges Bank has stated that it will proceed with caution and start out by considering investments with partners in developed markets, and in projects with relatively low operational and market risk.

– Allowing for unlisted renewable energy infrastructure is not a climate policy measure, but is a part of the investment strategy for the Fund. These investments shall be subject to the same profitability and transparency requirements as the other investments of the Fund. We are not stipulating that the Fund shall be invested in unlisted renewable energy infrastructure, but are enabling Norges Bank to make such investments if deemed profitable, says the Minister of Finance.

----- 

Earlier:   

 NORWAY EXCLUDE OIL
2019, March, 13, 11:15:00

NORWAY EXCLUDE OIL

GOVERNMENT.NO - The Government is proposing to exclude companies classified as exploration and production companies within the energy sector from the Government Pension Fund Global to reduce the aggregate oil price risk in the Norwegian economy.

 
 NORWAY'S FUND RETURNED -6%
2019, March, 1, 11:25:00

NORWAY'S FUND RETURNED -6%

NB - The Government Pension Fund Global returned -6.1 percent, or -485 billion kroner, in 2018.

 
 NORWAY'S RESOURCES UP
2019, February, 20, 10:55:00

NORWAY'S RESOURCES UP

NPD - The Norwegian Petroleum Directorate’s estimate for total proven and unproven petroleum resources on the Norwegian Continental Shelf is about 15.6 billion standard cubic metres of oil equivalents.

 
 NORWAY'S FUND ENDS
2018, November, 28, 12:00:00

NORWAY'S FUND ENDS

REUTERS - Norway’s sovereign wealth fund, the world’s largest, will no longer exclude Cairn Energy Plc (CNE.L) and Kosmos Energy Ltd (KOS.N) from its portfolio of investments, the Norwegian central bank said on Tuesday.

 
 NORWAY'S FUND RETURNED 2%
2018, October, 26, 12:45:00

NORWAY'S FUND RETURNED 2%

NORGES BANK - The Government Pension Fund Global returned 2.1 percent, or 174 billion kroner, in the third quarter of 2018.

 
 NORWAY'S DEFENCE
2018, October, 17, 09:50:00

NORWAY'S DEFENCE

BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.

 
 NORWAY'S RENEWABLE INVESTMENT $1.2 BLN
2018, September, 28, 09:30:00

NORWAY'S RENEWABLE INVESTMENT $1.2 BLN

PLATTS - Norway's state-owned power company Statkraft is planning annual investments of around NOK10 billion ($1.2 billion, Eur1 billion) in renewable energy in the period 2019-2025, it said.

 

 

Log in to read the publication.

An authorized user gets access to four FREE publications per month.

You can also buy a full access to all publications of the site since January 2014.

Tags: NORWAY, RENEWABLE, INVESTMENT

Chronicle:

NORWAY'S RENEWABLE INVESTMENT $14 BLN
2019, April, 17, 11:20:00

U.S. PRODUCTION: OIL + 80 TBD, GAS + 907 MCFD

U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 80,000 b/d month-over-month in April from 8,380 to 8,460 thousand barrels/day , gas production to increase 907 million cubic feet/day from 78,930 to 79,837 million cubic feet/day .

NORWAY'S RENEWABLE INVESTMENT $14 BLN
2019, April, 17, 11:15:00

EUROPE'S GAS PIPELINES RULES

The rules governing the EU's internal gas market will in future also apply to pipelines to and from third countries. The Council today formally adopted an amendment to the so-called gas directive which aims at closing a legal gap in the EU's regulatory framework and boosting competition in the gas market. This is the final step in the legislative process.

NORWAY'S RENEWABLE INVESTMENT $14 BLN
2019, April, 17, 11:10:00

RUSSIA'S ARCTIC ENERGY

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020,

NORWAY'S RENEWABLE INVESTMENT $14 BLN
2019, April, 17, 11:05:00

ЯДЕРНЫЕ ТЕХНОЛОГИИ ДЛЯ ЛУЧШЕЙ ЖИЗНИ

А.Е. Лихачёв напомнил, что нынешний форум проходит под девизом «Ядерные технологии для лучшей жизни». Нет такой сферы человеческой деятельности, где так или иначе не присутствовали бы достижения атомной отрасли. «Мирный атом связан и со всеми задачами и целями устойчивого развития, обозначенными ООН. На нынешнем форуме мы обсудим новейшие технологии, которые будут лежать в основе будущего нашей планеты», - подчеркнул А.Е. Лихачёв.

All Publications »