Norway’s Norges Bank Investment Management, which manages the world’s largest sovereign wealth fund with assets exceeding $2 trillion, has excluded Adani Green Energy from its portfolio, citing the fund’s criterion of “gross corruption or other serious financial crime.”
According to Norges Bank’s website, Adani Green Energy is listed among companies that, as of November 2025, the fund has either excluded or placed under observation. The information was published on February 26, 2026, and the website provides no further details beyond the stated criterion.
Adani Green Energy and some executives of the Adani Group are currently under investigation by the US Department of Justice and the Securities and Exchange Commission over alleged payments of $250 million to Indian State government officials in connection with solar energy contracts. Norges Bank’s exclusion comes amid these ongoing regulatory inquiries.
Previously, in 2024, Norges Bank had excluded Adani Ports and Special Economic Zone from its portfolio due to “serious violations of individuals’ rights in situations of war or conflict.”
Published on February 28, 2026
