Allianz Global Investors (AllianzGI), a leading active investment manager, announced today that it has obtained approval from the China Securities Regulatory Commission (CSRC) to operate as a wholly foreign-owned public fund management company (FMC) in mainland China. The approval underscores AllianzGI's commitment to the mainland Chinese market and providing onshore investors with access to its global investment expertise.
Allianz provides EUR 20 million funding for the green hydrogen and green ammonia production plants developer Fuella • Allianz will hold a minority stake in Fuella and will be entitled to invest in Fuella’s future green ammonia and power-to-X projects • This is Allianz´s second direct investment into the production of green hydrogen and green molecules after the investment into Finnish green power-to-gas producer Ren-Gas end of 2022
Persistent inflation, energy and climate crises, and wars —just to name a few—all have the power to create a volatile environment. This underscores the importance of maintaining a well-diversified portfolio across different asset classes.
Allianz will acquire a 16.6% stake in He Dreiht which is Allianz´s first direct investment in an offshore wind farm project in Germany • He Dreiht will be one of the largest offshore wind farms in Germany and is expected to start operations end of 2025 • Upon completion He Dreiht can supply 1.1 million households with clean energy
Allianz provides EUR 25 million funding for the Finnish green hydrogen and power-to-gas developer Nordic Ren-Gas Oy (“Ren-Gas”) . Allianz will become a minority shareholder and will be entitled to invest in Ren-Gas future green power-to-gas projects in Finland.
We spoke with Carsten Quitter, Group CIO, to discuss NeuConnect, a recent investment by Allianz in a power link between Germany and the United Kingdom, and how Allianz’s approach to renewable energy is developing.
NeuConnect is a privately-financed interconnector that will connect Germany´s and the UK´s energy power grids for the first time. It could deliver a net reduction in carbon emissions of over 13 Mt of CO2 over 25 years and power up to 1.5 million households.
Allianz Global Investors (AllianzGI) today announced the first close of the Allianz Global Real Estate Debt Opportunities Fund (AGREDO) at EUR 515mn. The fund that was launched in February 2022 is the first real estate private debt fund of AllianzGI. The AGREDO enables investors to invest alongside Allianz and aims to provide them with access to a globally diversified portfolio of higher yielding real estate debt opportunities with strong downside protection.
The fund, which was launched in December 2021, allows institutional investors to invest alongside Allianz in infrastructure equity. The investment focus is on essential infrastructure in Europe.
