Norges Bank Investment Management (NBIM) is the asset management unit of Norway’s central bank, mandated to manage the Government Pension Fund Global, Norway’s sovereign wealth fund. As one of the world’s largest institutional investors, NBIM invests globally across equities, fixed income, real estate and renewable infrastructure, and practices active ownership through voting and engagement with portfolio companies.
In the context of the chemical industry, NBIM holds positions in numerous publicly listed chemicals, materials and related companies worldwide. Its stewardship priorities—covering climate risk, decarbonization, biodiversity, human rights, board governance and capital allocation—inform its voting and engagement, potentially shaping corporate strategy, transparency and sustainability performance across the sector. NBIM’s long-term, diversified mandate and governance framework aim to safeguard and build financial value for future generations while promoting well-functioning markets.
CEO Sven Utermöhlen will leave on 30 Sep 2026 and advise for 6–12 months. CTO Tobias Keitel becomes CEO on 1 Oct 2026; Julian Garnsey appointed CTO. Management team otherwise unchanged.
Two offshore substations (~40×22 m; 1,800 & 2,500 t) were installed ~50 km north of Juist after transport from Saint‑Nazaire by heavy‑lift Gulliver. Nordseecluster A: 660 MW (2027); B: +900 MW (2029)
Planning approval granted for Nordseecluster B, adding 900 MW to reach 1.6 GW (660 MW A under construction). Full output ~6.5 TWh/yr; B due early 2029; 110 MW PPA with Amazon.
Thor offshore wind farm starts feeding electricity into Denmark's grid, aiming to power over one million homes by 2027 with sustainable features and local job creation.
RWE plans €35B investments by 2031, boosting capacity to 65 GW. Focus on US and Germany, with 10% annual dividend growth. Earnings per share to rise from €2.48 to €4.40.
The sale includes 118 MW of wind capacity and 639 MW pipeline. It's part of a strategy to focus on core businesses and key markets like the US and UK. Fifth transaction this year.
Two offshore substations completed in France will be installed in the German North Sea, advancing the Nordseecluster wind project, which will power 1.6 million homes.
The PPA covers 110 MW from Nordseecluster B, aiding Amazon's net-zero goal and Germany's decarbonization. The project is a joint venture with Norges Bank Investment Management.
