Norway's KLP adds to development investments with Egypt solar deal
Norwegian pension fund KLP has now joined forces with other partners to put pensions kroner into six solar power plants in Egypt with total capacity of 400MW. The Oslo-based municipal pensions provider, which already has more than NOK 1 billion committed to international development, expects a good return on the public-private deal.
Norway’s biggest life insurer, Kommunal Landspensjonskasse (KLP), which provides staff pension schemes for local authorities, is putting more of its pensions kroner into investments backing development with a new Egyptian deal.
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