Norges Bank Investment Management (NBIM), which invests on behalf of Norway’s Government Pension Fund Global (GPFG), has agreed to acquire USD 425m of North American renewable energy assets.
The agreement, which was signed on 25 February 2026, will see NBIM acquire a 33.3 per cent interest in a portfolio of renewable energy assets operating in North America, in partnership with Brookfield and British Columbia Investment Management Corporation.
The total enterprise is valued at approximately USD 2.6bn and each partner holds an equal stake in the portfolio.
NBIM global head of energy and infrastructure, Harald von Heyden, said: "This marks our first investment in North America and an important step in diversifying our renewable energy infrastructure portfolio.
“We are pleased to partner with Brookfield and BCI as we seek to capture compelling opportunities in one of the world's largest renewable energy markets.”
The portfolio comprises 22 operating assets totalling approximately 2.3 GW of capacity, including 17 utility-scale solar facilities and 5 onshore wind farms across 11 states and six power markets.
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