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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
Chronicle:
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 29, 12:30:00
ELECTRICITY MARKET MODERNIZATION
A key result that also emerges from our work is that electricity markets must be modernised because existing market structures make investment in any unsubsidised low-carbon technology very difficult.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 29, 12:25:00
EUROPE'S INDEX DOWN
The pan-European STOXX 600 was down 0.5% after recording its biggest single-day gain in three months on Monday.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 29, 12:20:00
ROSATOM OVERSEAS PORTFOLIO $140 BLN
Rosatom's 10-year portfolio of overseas orders has a value of about USD140 billion and includes, among others, 36 new units at various stages of implementation in 12 countries.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 28, 12:10:00
OIL PRICE: NOT BELOW $41 AGAIN
Brent fell 37 cents, or 0.9%, to $41.55 a barrel, WTI was at $39.86 a barrel
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 28, 12:05:00
ТРАНСФОРМАЦИЯ МИРОВОЙ ЭНЕРГЕТИКИ
Структура энергетической отрасли будет трансформироваться, как со стороны спроса, так и со стороны предложения.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 28, 12:00:00
NORD STREAM 2 BLOCKING
Nord Stream 2 would double the capacity of the gas corridor via the Baltic Sea to Germany to 110 Bcm/year and would reduce the need for Russia to use Ukraine as a transit country for gas supply to Europe.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2020, September, 28, 11:55:00
NORWAY'S OIL & GAS PRODUCTION 1.722 MBD
The production figures for oil in August include this cut of 134 000 barrels per day in the second half of 2020.
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