Pressure on Norway's government to turn bulging oil fund into wind investor

Norway's Government Pension Fund Global (GPFG) should invest in infrastructure going forward. Wind farms in particular could be interesting, according to a proposal which arrives amidst negotiations concerning an expansion of the government's platform.

It is the world's largest state-owned fund, but also one of the most conservative investors in the world. Norway's Government Pension Fund Global (GPFG) which currently boasts NOK 8,500 billion (approximately EUR 880 billion), has thus far only had the authority to invest in international listed equities, bonds and real estate.

The fund itself and two of Norway's most influential lobby organizations are campaigning to change this, so that the GPFG would be able to invest in unlisted infrastructure as well.

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

Vestas awaits clarity on major US green energy funding

After a second quarter that, to put it mildly, was disappointing on order intake, the Danish wind turbine manufacturer intends to maintain its price strategy. Major green energy funding from the US spells promise, but Vestas is waiting for final clarity.

Media: Russia blocks Western utilities' asset sales

According to Russian media Kommersant, the country’s authorities have frozen divestments of, among others, Enel and Fortum’s power plants and wind farms. The Finnish utility is analyzing the situation, however without confirming implication.

Further reading

Related articles

Latest News

See all jobs