Allianz confirms first equity investment in Polish renewables

Written by Adam Cadle

07/10/2020

Allianz Capital Partners on behalf of Allianz insurance companies (Allianz) has closed the acquisition of its first renewable energy installations in Poland from ENERTRAG, consisting of nine sites split into two projects, Dargikowo and Karlino.

With these additions, Allianz now owns more than 100 wind and solar parks. Construction works for Dargikowo and Karlino have already started. The commissioning of the projects is planned for 2021 and 2022, respectively.

Dargikowo and Karlino are located in the north-west of Poland. With a production capacity of 133 MW for Dargikowo and 53 MW for Karlino, these wind parks can provide renewable energy for approximately 260,000 average households of the region per year.

“We are very delighted to announce our 100th and 101st renewable project which are at the same time our first equity investments in Poland. Our new wind parks will make an important contribution to increase the share of renewable energy in Poland and help to reach Allianz´s goal of a carbon-neutral portfolio by 2050 while delivering stable cash yields to Allianz insurance clients,” Christian Fingerle, chief investment officer at Allianz Capital Partners, said.

Allianz’s equity investments in the renewable energy sector amount to nine solar farms and 92 wind parks located in Austria, Finland, France, Germany, Italy, Poland, Portugal, Sweden and the United States.

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