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Allianz Capital Partners
Allianz Capital Partners (ACP) has further expanded its renewable energy investments both in volume and geographically. By acquiring four wind parks ACP has entered the Austrian wind market and exceeded 2.5 billion euros in renewable energy investments.
ACP has entered an agreement to acquire the four Austrian wind projects Scharndorf III, Zistersdorf Ost, Ladendorf und Großkrut-Hauskirchen-Wilfersdorf, which are located within a 70 kilometer radius of Vienna. The 21 turbines have a generating capacity of 65 megawatts. ACP acquired the facility from ImWind, one of Austria’s biggest wind farm operators with a portfolio of 320 megawatts in operation and ready to be built.
Two wind parks were recently completed and they are now part of the Allianz portfolio. The other two projects are currently under construction and these acquisitions will be completed once they enter commercial operation in 2016. ImWind will be the operator for all four wind parks. The parties have contractually agreed not to disclose the purchase price.
“We are very pleased to enter the Austrian market and this acquisition is a major step: we are passing the 2.5 billion euro investment milestone and it provides further diversification to our portfolio”, said David Jones, Head of Renewable Energy at Allianz Capital Partners. “We are delighted to start a successful relationship with ImWind and we look forward to working with them on the successful long term operation of these wind farms.”
“Allianz is a well-known brand in Austria and a clear long term investor. We will complete the construction of the two wind parks and will endeavor to ensure an optimal long-term operation of the projects”, said Thomas Huemer, Management of ImWind.
With this investment, Allianz’s commitment to the European renewable energy sector exceeds 2.5 billion euros in 54 wind farms and 7 solar parks. ACP’s wind and solar portfolio generates sufficient renewable energy to supply over 800,000 households which is comparable to a city the size of Barcelona. Allianz’s current renewable energy portfolio is located in France, Germany, Italy, Sweden and now in Austria.
About Allianz Capital Partners
Allianz Capital Partners is the Allianz Group's in-house investment manager for alternative investments. With offices in Munich, London, New York and Singapore Allianz Capital Partners manages around EUR 12 billion of alternative assets. The investment focus is on direct investments in infrastructure and renewable energy as well as private equity fund investments. ACP’s investment strategy is targeted to generate attractive, long-term and stable returns while diversifying the overall investment portfolio for the Allianz Group insurance companies.
The St. Pölten based company develops, builds and operates wind farms for its own portfolio but also for project partners and investors. ImWind was founded in 1994 by Johannes Trauttmansdorff and is successfully active in Austria´s renewable energy market for more than 20 years. The company will remain one of Austria´s biggest wind farm operators after this transaction with more than 320 MW of wind energy in operation or ready to be built.
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