Norway's $2.1T Fund Dives into Renewable Energy

Norways $2.1 trillion sovereign wealth fund, Norges Bank Investment Management, is expanding its renewable energy investments, aiming to acquire more green assets in Europe and North America. The fund, which made its first renewable energy investment in 2021, has been making larger purchases more frequently, including wind parks and power grids. Its largest deal to date was a $9.5 billion investment in a German power grid, marking its first venture into power networks. The fund also has strict ethics guidelines, avoiding companies heavily involved in thermal coal and ensuring investments align with Norways values on issues like child labor and climate change.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.