In 2013 Allianz Capital Partners (ACP) invested over 400 million euros on behalf of the Allianz insurance companies by acquiring nine wind parks in four European markets, taking the Group’s total commitment in renewables to over 1.75 billion euros. ACP reached this amount recently with the acquisition of the operational 24-megawatt Cottbuser See wind farm in Brandenburg, Germany.
David Jones, Head of Renewable Energy at Allianz Capital Partners: “We are pleased with the progress made during 2013 in a European wind market which is becoming increasingly more competitive for investment and the renewable energy sector will remain one of the preferred alternative investment asset classes for Allianz in 2014. As for markets, we will continue to seek opportunities in Germany, France and Italy but a further geographic expansion of the portfolio can be expected subject, of course, to being able to secure investments which offer an acceptable risk-return profile for our customers.”