Allianz acquires three wind parks

The subsidiary Allianz Capital Partners (ACP) acquired on behalf of Allianz two wind parks in France and one in Germany. In the department Hérault Allianz Capital Partners bought the recently constructed wind park "Fontfroide" and the "Bruyère Grand" project in the Cantal department. Both departments are located in the south of France. The wind parks have a capacity of 23.5 megawatts and were acquired from EDF Energies Nouvelles, a subsidiary of Électricité de France, the biggest electricity producer in Europe.

In Germany Allianz Capital Partners acquired a wind park in Dahme, which is located around 80 kilometers south of Berlin. The seller was the Spanish renewable energy producer Eolia Renovables. The wind park has a capacity of 76.5 megawatts.

“We are very pleased to add these three assets to our growing portfolio, particularly as they represent further material steps in growing our business in two of the core European renewable energy markets – Germany and France”, said David Jones, Head of Renewable Energy at Allianz Capital Partners.

With the three new acquisitions, and the recently announced Maevaara project in Sweden, Allianz has expanded its renewable investment portfolio to 39 wind farms and seven solar parks. These have a combined electrical generation capacity of over 930 megawatts, making Allianz one of the world’s largest financial investors in renewable energy.

About Allianz Capital Partners

Allianz Capital Partners is the Allianz Group's in-house investment platform for alternative investments, with an investment volume of around 8.7 billion euros.Allianz Capital Partners has offices in Munich, London, New York and Singapore.

Allianz Capital Partners focuses on (i) direct investments in companies, projects or assets offering long-term, predictable and preferably inflation-protected cash flows, (ii) renewable energy assets such as wind farms and solar park systems and (iii) indirect investments in private equity funds. Thanks, in particular, to their long investment horizon and attractive risk/return profile, the asset classes covered by Allianz Capital Partners are an ideal match for the requirements of the Allianz insurance companies, with their long-term liabilities.

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