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2020-03-04 09:20:00

NORWAY FUND RENEWABLE INVESTMENT $11 BLN

NORWAY FUND RENEWABLE INVESTMENT $11 BLN

REUTERS - MARCH 3, 2020 - Norway's $1.1 trillion sovereign wealth fund aims to invest around some 100 billion crowns ($10.77 billion) between now and 2022 in unlisted renewable projects such as wind parks and solar farms, its CEO said on Tuesday.

Until recently the fund could only invest in equities, bonds and unlisted real estate but is now allowed to invest in a new asset class, unlisted infrastructure projects, after extensive debates among Norwegian politicians.

Outgoing CEO Yngve Slyngstad will later this year be moving to London from Oslo to head…

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Tags: NORWAY, FUND, RENEWABLE, INVESTMENT
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