How Norway’s oil fund could co-invest with World Bank in renewables

Business November 14, 2024 / By: Bjørn H Amland

A Dutch investment fund praised by US Treasury Secretary Janet L. Yellen for facilitating co-investments by pension funds and multilateral development banks, wants to join forces with Norway’s oil fund, the world largest sovereign wealth fund, to invest billions of dollars in renewable energy. The Amsterdam-based ILX says investing with development banks offers solid returns and low reputational risk. Dutch and Danish pension funds are already onboard.

Manfred Schepers, CEO of ILX Management.jpg — Manfred Schepers, CEO of ILX Management, says loan investments with multilateral development banks fulfil key objectives of Dutch and Scandinavian pension funds: an attractive return on risk; very strong linkages with sustainability; and making a positive impact. (Photo: ILX)

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How Norway’s oil fund could co-invest with World Bank in renewables

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