The state investment fund her Norway worth 2 trillion. Dollars will invest in an energy transition fund managed by Brookfield Asset Management as it seeks to expand the portfolio of its unlisted renewable assets.
Norges Bank Investment Management, the Norway Bank that manages the state fund – the world’s largest state investment fund announced Friday (26.9.2025) that it will allocate $ 1.5 billion for investment at the Global Transition Fund II of Brookfield Asset Management. The investment vehicle aims at business transformation, clean energy and sustainable solutions.
The investment “will allow us to invest in projects that are developing renewable energy infrastructure, while supporting the broader transition to low carbon solutions in all sectors,” said Harald Von Heyden, a world leader of the Energy and Infrastructure Fund.
This is the second such indirect NBIM investment, which in August last year allocated € 900 million ($ 1.1 billion) in a mutual capital managed by Copenhagen Infrastructure Partners.
Most of NBIM’s non -listed entries in the field of renewable energy deals with natural assets, from offshore wind farms to solar panels. Earlier this week, NBIM led a joint venture to purchase 46% of Tennet Holding BV’s German electricity network.
Von Heyden said earlier this month that the investment fund has so far allocated $ 8 billion out of $ 38 billion for renewable energy infrastructures. He made his first investment in renewable energy sources in 2021 with his participation in Dutch offshore Borsele 1 and 2 wind farms. At the end of June, he had 10 investments in five countries, with unauthorized renewable infrastructures representing about 0.4% of his total investments.