Norway's sovereign wealth fund commits $1 bln to renewable energy fund

Norway
# 26 August 2024 12:51 (UTC +04:00)

Norway's sovereign wealth fund said on Monday it will commit 900 million euros ($1.01 billion) to the latest renewable energy fund of Copenhagen Infrastructure Partners (CIP), APA reports citing Reuters.

Norges Bank Investment Management said in a statement it had agreed to commit the sum to CIP's fifth flagship fund CI V, which will focus on investing in offshore and onshore wind, solar farms, grid and distribution, as well as storage.

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