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Norway sovereign wealth fund eyes renewables investments after debut deal
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The Borselle offshore wind farm (pictured) is NBIM’s first direct investment in renewable energy infrastructure. Image: Orsted.
Norway’s sovereign wealth fund is eyeing potential investments in solar generation assets after making its first foray into renewables infrastructure.
Earlier today the fund, which has a worth upwards of US$1.3 trillion, confirmed its first direct investment in renewable energy, taking a 50% stake in Orsted’s Borssele wind farm for US$1.63 billion.
Mie Holstad, chief real assets officer at Norges Bank Investment Management (NBIM), the fund’s manager, said the deal was in line with its strategy to “build a high-quality portfolio of wind and solar power generation assets”.