PressNewsFinancialsStakes and investments: Allianz acquires first wind park in Finland

Allianz acquires first wind park in Finland

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 Capital Partners (ACP) has further expanded its renewable energy investments both in volume and geographically. By signing an acquisition agreement with the wind power company OX2 for six turbines, ACP has successfully entered the Finnish market and further diversified its portfolio.

 

Allianz Capital Partners
Munich, Jan 12, 2016

Allianz-Allianz windpark in Calau.

Allianz windpark in Calau.

The wind park at Jouttikallio, around 80 km from Vaasa, has a capacity of 21 megawatts and will satisfy the electricity demands of around 12,600 households. The project has been granted all the permits necessary for construction and is expected to be commissioned and delivered to Allianz at the end of 2016. OX2 will continue to be responsible for the commercial and technical management of the wind farm.
 
"Entering the Finnish market is another important milestone this year for us. Finland is a promising European wind market and it will help us to increase and further diversify our renewables portfolio", said David Jones, Head of Renewables at Allianz Capital Partners. "We are pleased to expand our relationship with OX2 and we look forward to working with them on the successful long-term operation of this wind farm."
 
"We are proud that Allianz has once again shown its confidence in us, and we are looking forward to building and delivering another wind farm for them, this time in Finland”, said Paul Stormoen, Managing Director of OX2 Wind.
 
Allianz’s commitment to the European renewable energy sector exceeds 2.5 billion euros in 55 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, Austria and now in Finland.
 
The parties have contractually agreed not to disclose the purchase price. The transaction is subject to certain closing conditions and is expected to close by end of January 2016.

  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 +49.89.3800-2743
Send email

  More at allianz.com

Allianz completes sale of part of its life insurance portfolio in Taiwan to China Life

Allianz-Allianz completes sale of part of its life insurance portfolio in Taiwan to China Life
May 18, 2018 | Allianz SE

Allianz today announces that it has completed the sale of part of its traditional life insurance portfolio in Taiwan to China Life Insurance Co. 

More...

Allianz and PIMCO launch new retirement income business in Australia

Allianz-Allianz and PIMCO launch new retirement income business in Australia
May 17, 2018 | Allianz SE

Allianz, one of the world’s largest insurers, and PIMCO, one of the world’s premier fixed income managers owned by Allianz, have announced the launch of a new business in Australia, Allianz Retire+ Powered by PIMCO, to deliver the next generation of retirement income solutions.

More...

Allianz 1Q results signal good start into 2018, on track to meet targets

Allianz-Allianz 1Q 2018 financial results
May 15, 2018 | Allianz SE

Allianz Group had a good start into 2018, posting a 6.8 percent rise in net income attributable to shareholders. Internal revenue growth, which adjusts for currency and consolidation effects, was 4.9 percent with positive contributions from all business segments. Total revenues increased 0.7 percent to 36.5 billion euros.

More...
More...