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.

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