【SMM Flash News】 Norway’s Wealth Fund Makes First US Renewable Energy Move

Published: Mar 4, 2026 07:24

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Norway’s sovereign wealth fund, the world’s largest, has officially entered the US renewable energy market by acquiring a 33.3% stake in a $2.6 billion portfolio consisting of 17 solar plants and five onshore wind facilities. Norges Bank Investment Management (NBIM) will pay $425 million for its share of the 2.3-gigawatt capacity portfolio, joining partners British Columbia Investment Management Corporation (BCI) and Brookfield. The assets will be managed under a new joint venture, Northview Energy, which plans to invest up to an additional $1.5 billion in future renewable projects across the US and Canada.

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