Offshore windfarms: Making a difference at a large scale
n the video Michelle Rühl, Senior Investment Manager at Allianz Investment Management (AIM) and Cristina Rotariu, Transactions Director at Allianz Capital Partners (ACP), as the representative to the outside market – sourcing and originating the transactions - tell us not only about their collaboration on this important and promising investment, but also about their personal involvement in contributing to a fossil free future. Rotariu points out: "I am grateful for the opportunity to invest in accordance with my personal sustainability beliefs in renewable projects and make a contribution towards a fossil-free future.”
Based on the experiences with this first direct investment in offshore in 2022 Allianz was able in March 2023 to invest in its second offshore wind farm project “He Dreiht” which is located in the German North Sea.
Please watch the video with Michelle Rühl und Cristina Rotariu here
New Allianz Commercial report: trends and turning points for offshore wind
From multipurpose windfarms to floating installations and next-generation connectivity and drone-based maintenance: In its new report, A turning point for offshore wind, Allianz Commercial, as a leading insurer of renewable energy and low-carbon technology solutions, highlights growth opportunities, tech innovations, risk trends, and loss patterns for the offshore wind industry as the sector prepares for global growth.
The potential of offshore wind as a viable source of clean power for the energy transition is indisputable. Investment in the sector is growing rapidly around the world, the power capacity of installations is ramping up, and innovations are proliferating. Developers and their insurers need to manage a range of risks to successfully scale offshore wind globally, among them prototypical technology, economic pressures, more extreme weather conditions, cable damage and collision scenarios as well as environmental and societal concerns.
** As of September 30, 2023.
*** As reported – not adjusted to reflect the application of IFRS 9 and IFRS 17.