Norway wealth fund makes first investment in US renewable energy assets
Yahoo Finance·2026-03-03 12:55
OSLO, March 3 (Reuters) - Norway's sovereign wealth fund, the world's largest, has made its first investment in renewable energy assets in the United States, buying a 33.3% stake in a portfolio of 17 solar plants and five onshore wind power facilities, it said on Tuesday. Norges Bank Investment Management (NBIM) will pay $425 million for its equity stake, with a total enterprise value of the portfolio of about $2.6 billion, it said in a statement. The assets were located in the United States, ...