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 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”.
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.