Norges Bank Investment Management has signed an agreement to acquire a 33.3 percent interest in a portfolio of operating renewable energy assets in North America, in partnership with Brookfield and British Columbia Investment Management Corporation.
The agreement was signed on 25 February 2026.
Norges Bank Investment Management will pay approximately USD 425 million for its 33.3 percent interest in the portfolio, valuing the total enterprise at approximately USD 2.6 billion. The investment is made alongside British Columbia Investment Management Corporation (BCI) and Brookfield, with each partner holding an equal ownership stake.
“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,” says Harald von Heyden, Global Head of Energy and Infrastructure at Norges Bank Investment Management.
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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