[Norwegian Sovereign Wealth Fund: Renewable energy investment valuations are too high] November 9th, Norway’s Sovereign Wealth Fund hopes to accelerate investment in renewable energy infrastructure, but high prices have become an obstacle. Norges Bank Investment Management invested around 11 billion euros in renewable energy infrastructure last year. According to Harald von Heiden, the company's global head of energy and infrastructure, only "just over 2 billion euros" of new money has been poured into such assets this year, well below last year's levels. "It's not a lack of trying," he said. "We do want to invest more, but it depends on a variety of factors. The market environment has changed from a 'buyer's market' to a 'seller's market.'" 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 unlisted renewable energy portfolio was worth 114 billion crowns ($12.1 billion), accounting for about 0.5% of the wealth fund's total size. If committed investments up to 2030 are included, this proportion will reach 1%. These investments returned 7.5% in Q3, compared with 1.8% in the previous three months. Other asset classes performed worse: equities returned 0.5%, unlisted real estate slightly lower and fixed income contribution negative.