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Reuters: Norway wealth fund says it’s hard to find right green energy projects
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Reuters: Norway wealth fund says it’s hard to find right green energy projects
Business
Date posted: 03.11.2020
Category: Accounting / Financial
OSLO (Reuters) – Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, is having trouble finding suitable unlisted renewable- energy projects to invest in due to the paucity of projects and strong competition for stakes in them, its new CEO said.
Such investments are new for the fund which, until this year, was only allowed to invest in stocks, bonds and real estate.
“In our experience so far, there are many investors looking for these investments and pricing is thus not always as attractive for us,” the fund’s new CEO, Nicolai Tangen, told a parliamentary hearing on Friday.
Source: Reuters
Published: October 3, 2020