Offshore windfarms: Making a difference at a large scale

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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.

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. 

The Allianz Group is one of the world's leading insurers and asset managers with around 125 million* private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 737 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.7 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2023, over 157,000 employees achieved total business volume of 161.7 billion euros and an operating profit of 14.7 billion euros for the group.
* Including non-consolidated entities with Allianz customers.
** As of December 31, 2023.
As with all content published on this site, these statements are subject to our cautionary note regarding forward-looking statements:
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