Norway's $2.1 Trillion Fund Boosts Renewable Energy Investments

Norways $2.1 trillion oil fund, the Government Pension Fund Global, is expanding its renewable energy investments, focusing on U.S. projects and European portfolio growth. Hiring new staff in New York, the fund aims to own solar, wind, and grid projects, despite political risks. They recently committed $1.5 billion to Brookfield Asset Managements energy transition fund and acquired a 46% stake in German grid operator TenneT Germany.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.