Talanx provides €321m of project bond financing for Germany’s biggest offshore wind farm

Written by Adam cadle

12/02/2020

Talanx Group is financing Germany’s biggest offshore wind farm, providing €321m of the €511m project bonds.

Two wind power facilities located in the North Sea were combined in a single project under one project bond: “Hohe See” (497 MW) and “Albatros” (112 MW). The wind parks, which are in operation and connected to the electricity grid, will together generate enough electricity to supply 710,000 households.

Peter Brodehser, head of infrastructure investments at Talanx, said: “We are consistently driving our strategy forward with the aim of further enhancing and diversifying the proportion of infrastructure assets in our investment portfolio.”

In December of last year, Talanx acquired two major solar farms in Spain. This acquisition was geared towards supporting the transition to emission-free energy supply. In addition to solar and wind farms, the Talanx portfolio includes other alternative investments such as social facilities, electricity grids, transport and gas caverns.

The commitment of Talanx in alternative investments takes account of the Talanx goal anchored in the sustainability strategy of being 100% carbon neutral in Germany from 2019 onwards and a complete exit from coal by 2038.

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