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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Denmark allocates additional PtX funds

Danish parliament's IPCEI agreement doesn't touch Dutch funds previously earmarked by the government for Power-to-X, says energy minister Dan Jørgensen. On the other hand, the allocated DKK 850m will not necessarily go to the common European projects.

Further reading

Related articles

Latest News

See all jobs