“We are delighted about our first offshore wind investment and our first renewables investment in the Netherlands. We look forward to supporting jointly with our partners this ambitious project which will play a major role in the green energy supply of Europe. With this investment we will further drive the energy transition towards renewables,” says Carsten Quitter, Group CIO of Allianz.
“We are very pleased to be partnering with BASF with regards to this opportunity. BASF is providing a long-term fixed-price power purchasing agreement for the project which will ensure a strong contracted revenue stream for many years to come,” adds Andrew Cox, Co-Head of Infrastructure at Allianz Capital Partners.
The transaction is subject to merger control approvals and is expected to close in Q1 2022.
Allianz’s equity investments in the renewable energy sector currently amount to over 100 wind parks and solar farms located in Austria, Finland, France, Germany, Italy, Poland, Portugal, Sweden, and the United States.
