Norges Bank Investment Management Acquires Significant Stake in Race Bank Wind Farm for Renewable Energy Expansion
Monday, 17 June 2024, 21:01
Norway's Sovereign Wealth Fund Invests £330m
Norges Bank Investment Management, valued at £1.3 trillion, acquires a substantial 37.5% stake in Race Bank wind farm.
Renewable Energy Expansion
This strategic investment highlights Norway's commitment to sustainable energy developments.
- £330m Investment: Marks a significant move towards green investments.
- Race Bank Wind Farm: Located 17 miles off the Norfolk coast.
- Environmental Preservation: Norges Bank's dedication to responsible investing.
- Long-term financial growth anticipated.
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