Allianz Capital Partners has expanded its portfolio with the purchase of two wind parks in France and one in Germany, representing a combined capacity of 100MW.
These include the Fontfroide and Bruyère Grand project in the Cantal in the south of France. The wind parks have a capacity of 23.5MW 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 76.5MW wind park in Dahme from Spanish renewable energy producer Eolia Renovables.
‘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 930MW, making Allianz one of the world’s largest financial investors in renewable energy.
Allianz Capital Partners is the Allianz Group’s in-house investment platform for alternative investments, with an investment volume of around €8.7bn.
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