Talanx invests €200m in fibre-optic project in France

Written by Adam Cadle

07/04/2020

Talanx Group is investing €200m in international debt financing amounting to €2.1bn for a fibre-optic project involving fast internet in France.

Preliminary calculations reveal that the new project will equip nearly six million households in France with fibre-optic internet. Talanx’s investment, increases the insurance company’s total infrastructure spending to around €3bn, with it previously focusing on wind and solar-energy projects.

Commenting on the debt financing, Talanx head of infrastructure investments, Peter Brodehser, said: “The conditions are right. The risk-return ratio is attractive and we have reliable partners on board. In Germany, we have also been watching out for projects like this. But unfortunately, the framework conditions have so far not been right in any of the projects we have looked at.”

The fibre-optic investment is the second infrastructure project that the Talanx Group has successfully completed this year. At the beginning of February, the group took a stake amounting to €321m in Germany’s biggest offshore wind farm. 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 are already in operation and they are both connected to the electricity grid. A total of some 710,000 households can be supplied with electricity.

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