According to CoinMeta, Norway’s sovereign wealth fund hopes to accelerate its investments in renewable energy infrastructure, but high costs have become a barrier. Last year, the investment management company of the Norwegian Central Bank invested approximately 11 billion euros in renewable energy infrastructure. This year, new funds allocated to such assets are only “slightly over 2 billion euros,” far less than last year’s level. The fund’s investment mandate allows it to invest up to 2% of its total assets in renewable energy and unlisted infrastructure projects. As of the end of September, the value of the unlisted renewable energy portfolio was 114 billion kroner (equivalent to 12.1 billion US dollars), accounting for about 0.5% of the total size of the wealth fund. The return on these investments is 7.5%, compared to 1.8% in the previous three months.