Norway's oil fund buys first green infrastructure asset

The Norwegian sovereign wealth fund is acquiring half equity interest in a offshore wind farm. This is the fund's first dive into the renewable energy infrastructure.

BY VIKTOR BRANDT KÆRGAARD, ENERGYWATCH

Norges Bank Investment Management, NBIM, which manages the oil rich country's sovereign wealth fund have agreed to buy half of offshore wind farm Borssele 1&2 in the Netherlands for EUR 1.375bn from Danish utility Ørsted.

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Front page now

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

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New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager