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OSLO, April 7 (Reuters) – Norway’s $ 1.3 trillion sovereign wealth fund, the world’s largest, has made its first direct investment in a renewable energy project, a new asset class for the fund, he announced Wednesday.
The fund bought a 50% stake in the Borssele 1 and 2 wind farm off the Netherlands for 1.375 billion euros ($ 1.63 billion) from Danish Orsted, he said.
It is the second operating offshore wind farm in the world.
These direct investments are new for the fund, which until last year was only allowed to invest in stocks, bonds and real estate. (1 USD = 0.8415 euros)
Reporting by Gwladys Fouche in Oslo and Nikolaj Skydsgaard in Copenhagen, editing by Terje Solsvik
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