Tag Archives: New York

Reuters: Norway’s wealth fund extends ownership of New York real estate

Norway’s sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.

“The partnership between Norges Bank Investment Management (NBIM), Trinity Church Wall Street and Hines has extended the remaining 72-year ownership interest in the Hudson Square portfolio in New York City to a 99-year term,” it said in a statement.

Read entire article HERE.

Reuters: Five companies, including Equinor, bid to supply New York with offshore wind power

Five companies, including Norway’s Equinor, Denmark’s Orsted and France’s EDF have submitted bids to supply offshore wind power to the New York state, the companies said on Thursday.

New York state closed bidding on.ny.gov/2E54m5q on Thursday to provide 800-megawatts of offshore wind energy, a part of a plan develop up to 2,400 megawatts (MW) of offshore wind power by 2030, and will choose a supplier in the spring.

Equinor is planning to build a wind park on 80,000 acres south of Long Island it won in a U.S. federal auction in 2016, with potential total capacity of up to 2,000 MW, in push to diversify its investments away from oil and gas.

Read entire article HERE.