Norway’s oil fund to ‘increase clean energy investment’

Norway’s Finance Ministry has reportedly proposed to scale up investment in clean energy as part of its plans to restructure the nation’s $860 billion (£518.8bn) oil fund. Reports claim the Ministry expects to increase the fund’s environmental technology portfolio to between NOK 30 billion (£3bn) and NOK 50 billion (£5bn) from a previous target of […]

Norway to spend oil cash on renewables says PM

Norway is going to spend some of its oil profits on renewable energy. Prime Minister Erna Solberg said this week the sovereign wealth fund would be invested in green energy. Just last week the politician sometimes described as “Iron Erna” told Reuters her country shouldn’t dig too deeply into its $850 billion wealth fund in […]

Norway’s oil fund enters $480m US property deal

Norway’s oil fund, the largest in the world, has bought stakes in two more office properties in the US for $480 million (£293m). Last month it spent $450 million (£275m) for a 45% stake in 66 properties located across eight states. As part of the latest deal, the oil fund will hold 47.5% of the […]

Norway’s oil fund pays $450m for stake in US properties

Norway’s $800 billion (£489bn) oil fund, the world’s largest, has bought a 45% stake in US industrial properties for $450 million (£275m). The seller Prologis, a commercial property company based in the US, will retain a 55% share in the joint venture. The 66 properties are located in eight states and span over 12.8 million […]