EnergyWatch

Norway's KLP adds to development investments with Egypt solar deal

Norwegian pension fund KLP has now joined forces with other partners to put pension kroner into six solar power plants in Egypt with total capacity of 400 MW. The Oslo-based municipal pension provider, which already has more than NOK 1 billion committed to international development, expects a good return on the public-private deal.

Photo: ABB

Norway's biggest life insurer, Kommunal Landspensjonskasse (KLP), which provides staff pension schemes for local authorities, is putting more of its pension kroner into investments backing development with a new Egyptian deal.

Heidi Finskas, Vice President Corporate Responsibility, says KLP's target of NOK 1.5 billion (EUR 150 million)  in development investments has already been committed to various partners, including KNI, NorFinance, Climate Investor One and Nordic Microfinance Initiative, who are working on projects in their pipeline.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted aims to be number one on carbon capture

The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.

Nordex downgrades forecast

The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.

Further reading

Related articles

Latest News

See all jobs