Norges Bank to acquire a 50 per cent stake in Borssele 1 & 2

The asset management division of Norges Bank, Norway’s central bank, has confirmed that it will acquire a 50 per cent stake in the 752 MW Borssele 1 & 2 offshore wind farm located off the coast of the Netherlands. The project has been developed by Ørsted. Norges Bank Investment Management (NIBM) will acquire the stake for Euro 1.375 billion using no external debt. It also represents the NIBM’s first investment in unlisted renewable energy infrastructure. The transaction is expected to close around the summer of 2021, subject to regulatory clearance.

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