Norway’s $2 Trillion Fund Looks to Expand Renewables Investments

Norway’s $2 trillion sovereign wealth fund is looking to expand its renewables investments, including into assets such as power grids, according to its global head of energy and infrastructure.

Norges Bank Investment Management already has wind and solar assets in Europe, and has so far allocated $8 billion out of $38 billion earmarked for renewable energy infrastructure, the fund’s Harald von Heyden said. He added that power grids offer a “good strategic fit.”