The World's Largest Sovereign Wealth Fund Makes the First Investment in Green Energy
The Norwegian parliament allowed the fund to invest in this asset class back in 2019 and has been looking for attractive properties to buy ever since. However, back in January, the head of the foundation, Nikolai Tangen, spoke about how difficult it is to find an adequately priced green project.
The Norwegian Sovereign Fund allocated about 14 billion dollars for green investments and received the right from parliament to buy projects in Europe and North America.
In 2020, the fund's profit was 123 billion dollars, the lion's share of which was earned on shares of American technology companies.