Norwegian wealth fund buys into 1.3GW Iberdrola portfolio
Norges Bank Investment Management (NBIM) has signed an agreement to acquire a 49% interest in a 1.3 GW portfolio of solar and onshore wind farms in Spain.
Norges Bank
Denmark kicks out big oil and gas firms
35 of the world’s biggest oil and gas firms were given their walking papers yesterday as the Danish pension, PKA, exerted its influence.
Norway sovereign wealth fund dismisses nine companies for ethical reasons
Norges Bank announced today that it has taken the decision to exclude nine companies from the $1.07 trillion Government Pension Fund, also putting one firm “under observation”.
Norway cuts rate to record low as oil slump rears recession risk
Norges Bank cut interest rates for a second time since oil prices collapsed to avoid a recession in western Europe’s biggest crude producer. The overnight deposit rate was cut by 25 basis points to a record low 1 percent, the Oslo-based central bank said. The decision was forecast by 16 of 17 economists surveyed by Bloomberg, while one saw no change. The bank signaled it may cut rates further.