EnergyWatch

Norway's huge sovereign wealth fund to begin green investments

After many years of a parliamentary tug-of-war, there are several indications that the Norwegian government will allow its Sovereign Wealth Fund to invest in green energy infrastructure.

Photo: wpd

It is possible there will soon be a new, big investor in renewable energy infrastructure, including items such as transmission cables for offshore and onshore wind farms. On Thurday, the Norwegian State's enormous Sovereign Wealth Fund, Oljefondet, will likely be granted a broader investment policy, allowing for investments in unlisted infrastructure for renewable energy.

The Norwegian parliament's finance committee will in any case consider the proposal tomorrow, Thursday, while deciding in its yearly session how the Sovereign Wealth Fund shall invest. And there already seems to be a majority in favor of expanding the the fund's investment framework.

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