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Reuters
Tue, March 3, 2026 astatine 6:55 AM CST 1 min read
OSLO, March 3 (Reuters) - Norway's sovereign wealthiness fund, the world's largest, has made its archetypal concern successful renewable energy assets successful the United States, buying a 33.3% involvement successful a portfolio of 17 star plants and 5 onshore upwind powerfulness facilities, it said connected Tuesday.
Norges Bank Investment Management (NBIM) volition pay $425 cardinal for its equity stake, with a full endeavor value of the portfolio of astir $2.6 billion, it said successful a statement.
The assets were located successful the United States, an NBIM spokesperson said.
British Columbia Investment Management Corporation (BCI) and Brookfield volition each instrumentality a 33.3% involvement successful the portfolio, which has a capableness of immoderate 2.3 gigawatts (GW) of power, NBIM said.
BCI separately said the assets would beryllium owned by the 3 groups done a jointly held company, Northview Energy, which could invest a further $1.5 cardinal of equity successful further assets successful the United States and Canada.
(Reporting by Nora Buli successful Oslo and Anna Ringstrom successful Stockholm, editing by Terje Solsvik)
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