Norway fund should be able to invest in unlisted renewables
The world’s largest sovereign wealth fund, which invests Norway’s oil and gas revenues in stocks, bonds and real estate, has for many years sought permission to invest in unlisted infrastructure assets. “Let the fund invest in unlisted infrastructure for renewable energy with the same demand for profitability as for other investments,” said the motion. The decision strengthens the possibility the fund could invest in the new asset class as the Conservatives are the leading party in Norway’s minority coalition government. The fund’s management is allowed to invest in unlisted firms that are imminently seeking stock exchange listing. It has complained in the past that it was missing good opportunities because it could not invest in them at an earlier stage.
- Reuters -