Singapore's Keppel Corp will expand its wind energy portfolio by co-investing 480 million euros alongside Keppel Infrastructure Trust , a Norwegian insurer and a German asset manager in Europe.
The projects are owned by Fred. Olsen Renewables AS , a Norwegian renewable energy developer controlled by Bonheur ASA. The fund will make an initial investment of 176 million euros to buy 49 per cent interest in FORAS' three operating wind farms in Sweden and Norway.
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Temasek portfolio surges to record high, Singapore replaces China as top investment destinationSINGAPORE - Singapore replaced China as the top investment destination for Temasek in its last financial year, when the value of its net portfolio rose above $400 billion (S$563 billion) for the first time despite volatile market conditions. Counted as one of the world's top investors, Temasek said in its annual review on Tuesday (July 12) that it invested $61...
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