PressNewsBusinessAsset management: Allianz invests in EDF wind farm in Illinois

Allianz invests in EDF wind farm in Illinois

Service & Contacts

Allianz Group Communications
Koeniginstr. 28
80802 Munich
Germany

Contact overview

Receive the latest Allianz news.

Newsletter

Follow Allianz in the social networks:

Facebook
Twitter
Google+
LinkedIn

  • Contact

  • Newsletter

  • Social Media

Allianz has invested tax equity in the Kelly Creek wind project developed and owned by EDF Renewable Energy (EDF RE), one of the leading wind project developers in the United States. Allianz is the sole tax equity partner in the project.

 

Allianz SE
Munich, Jan 17, 2017

The Kelly Creek wind project is located in Ford and Kankakee Counties, Illinois, approximately 115km southwest of Chicago. The 184 megawatt wind farm employs 92 Vestas 2.0MW V100 turbines capable of generating enough electricity to power 78,000 average Illinois homes.

This investment adds to Allianz’ growing US wind farm tax equity portfolio in partnership with an experienced owner-operator.

“The US offers a very attractive framework for wind investments. With these kinds of investments we can offer stable and uncorrelated returns to Allianz even in the current low interest environment,” said David Jones, Head of Renewables at Allianz Capital Partners. “This is the second project that Allianz has invested in alongside EDF RE and we are looking forward to co-operating together to ensure the success of this wind park. “

"We are enthusiastic for the opportunity to partner again with Allianz in support of their growing US portfolio of wind energy projects,” said Jim Peters, Vice President of Project Finance for EDF RE. "We appreciate Allianz’ continued confidence in the well-structured nature of our projects that prove attractive for infrastructure investment.”

With its third wind investment in the United States, Allianz is further expanding its  renewables portfolio and has now invested in a total of 73 wind farms and 7 solar parks located in Austria, Finland, France, Germany, Italy, Sweden and the United States.

The wind and solar parks of Allianz generate enough renewable energy to supply over a million households, which is comparable to a city the size of central Paris.

  Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

 

  Press contact

Stefanie Rupp-Menedetter
Allianz Capital Partners
Phone +49 89 38002743
Send email

Sandi Briner
EDF Renewable Energy
Phone +1 858 521 3525

  More at allianz.com

Euler Hermes announces new digital and transformation team headed by Virginie Fauvel

Allianz-Euler Hermes announces new digital and transformation team headed by Virginie Fauvel
April 20, 2017 | Allianz SE

Following the appointment of Virginie Fauvel as Euler Hermes Chief Transformation Officer on January 15, 2018, a new digital and transformation team has been set up in order to activate the Group’s transformation and materialize its ambition of becoming the most innovative B2B insurance company.

More...

Megacities and the Mobility Megachallenge

Allianz-Megacities and the Mobility Megachallenge
Apr 19, 2018 | Allianz SE

With explosive growth in the number of large cities and their population, urban mobility is an issue crying for attention. What are the challenges and what could be the solutions?

More...

People, Planet, Prosperity

Allianz-Allianz Sustainability Report 2017
Apr 12, 2018 | Allianz SE

The United Nations has set ambitious Sustainable Development Goals to ensure a better tomorrow. How is Allianz contributing to this cause? The Sustainability Report 2017 outlines our efforts…

More...
More...