Norway doubles oil fund mandate for unlisted renewables

Norway has made changes to the unlisted renewables mandate for its sovereign wealth fund, allowing it to invest almost twice as much in unlisted green energy companies.

Trygve Slagsvold Vedum, Norwegian minister of finance | Photo: Terje Bendiksby / NTB

by CATHERINE BRETT

In its annual white paper on the nation's USD 1.3trn sovereign wealth fund, the Norwegian Finance Ministry has removed a restriction on unlisted renewable infrastructure investments, increasing the fund’s capacity for these investments from NOK 120bn (EUR 12.4bn) to NOK 240bn (EUR 24.8bn), IPE reports.

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Norway doubles oil fund mandate for unlisted renewables

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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

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