Allianz acquires 20.25% minority stake in French offshore wind farm

Written by Adam Cadle

22/01/2026

Allianz Global Investors has acquired, on behalf of Allianz insurance companies, a 20.25% minority stake in the French îles d’Yeu et Noirmoutier offshore wind farm (EMYN) from Ocean Winds.

Ocean Winds is an international offshore wind energy company created by EDP Renewables and ENGIE.

The project is in the final phase of construction, and represents the first partnership between Allianz and Ocean Winds in the offshore wind sector. First power was generated in June 2025, and over two-thirds of the turbines are currently installed and supply renewable electricity to French households. The project is expected to reach full commissioning in Q1 2026.

Mario Skoric, CEO at Allianz Investment Management, commented: “This project marks our third direct investment in offshore wind following investments in the Netherlands and Germany, and is our first offshore wind investment in France, a market where Allianz has been actively investing in renewable energy projects since 2008. îles d’Yeu et Noirmoutier is a further testament to our commitment to the energy transition and the importance of expanding renewables infrastructure.

"We are delighted to collaborate with Ocean Winds on this important project, which supports the path to decarbonisation while delivering long-term value for our policyholders.”

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