Norway’s wealth fund makes $1.6bn debut wind energy deal
The Ørsted deal means the fund will help generate enough energy each year to power about a million households in the Netherlands
07 April 2021 - 14:13
Oslo/Estonia — Norway’s $1.3-trillion wealth fund just made its first investment in clean energy infrastructure, more than a year after it was given the go-ahead to move into the asset class.
The world’s biggest sovereign investment vehicle has agreed to buy 50% of the 752MW Borssele 1 and 2 offshore wind farm from Ørsted of Denmark. The deal is worth just under €1.4bn ($1.6bn), it said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.