RUS | ENG | All
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!

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 a new team inside the fund dedicated to this type of investments.

"It will happen in 2020. We have a team of five people right now and the aim is to have 20 people," he told a news conference on Tuesday to present a fund report on responsible investments.

"We will look at North America and Europe. It could happen first in either region," he told reporters. "We are looking at wind parks and solar farms."

"We have a strategic ambition between 2020 and 2022 to invest 100 billion Norwegian crowns over three years," he said, adding that the overall sum would not be equal over three years but probably increase over the three-year period.

----- 

Tags: NORWAY, FUND, RENEWABLE, INVESTMENT
Chronicle:
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, February, 1, 12:04:00
TRANSPORTATION OIL AND GAS CONGRESS 2023 (TOGC 2023)
Transportation Oil and Gas Congress 2023 (TOGC 2023) takes place on February 20-21, 2023. The Congress brings together representatives from the whole pipeline chain and focuses on both strategic and technical issues of the oil and gas pipeline transportation.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, February, 1, 12:03:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, February, 1, 12:00:00
GLOBAL GROWTH WILL DOWN
Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, February, 1, 11:55:00
S.KOREAN NUCLEAR FOR TURKEY
KEPCO CEO Seung-il Jeong presented the proposal to Fatih Dönmez, Turkey's Minister of Energy and Natural Resources, on 30 January during a meeting in which they discussed plans for KEPCO to participate in the nuclear power plant project.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, February, 1, 11:50:00
OIL AND GAS AUTOMATION AND DIGITALIZATION 2023
Event Title: Oil and Gas Automation and Digitalization 2023 Conference Date: 03 - 04 May 2023 Event Type: In-Person Event Event Organizer: PTN Events
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, February, 1, 11:45:00
СПГ КОНГРЕСС РОССИЯ 2023
СПГ Конгресс Россия – это международная инвестиционная площадка, где традиционно собираются лидеры индустрии. Ежегодно в мероприятии принимают участие более 250 операторов крупно-, средне- и малотоннажных СПГ-проектов, водородных проектов, правительство и технологические лидеры СПГ-индустрии.
NORWAY FUND RENEWABLE INVESTMENT $11 BLN
2023, January, 30, 11:45:00
OIL PRICE: BRENT NEAR $86, WTI NEAR $79
Brent fell 74 cents, or 0.8%, to $85.92 a barrel , WTI was at $79.07 a barrel, down 61 cents, or 0.8%.
All Publications »