Cottbuser See was the 9th wind park acquisition of Allianz in 2013 / The overall portfolio now contains 43 wind farms and seven solar parks.

In 2013 Allianz Capital Partners (ACP) invested over 400 million euros on behalf of the Allianz insurance companies by acquiring nine wind parks in four European markets, taking the Group’s total commitment in renewables to over 1.75 billion euros. ACP reached this amount recently with the acquisition of the operational 24-megawatt Cottbuser See wind farm in Brandenburg, Germany.

In 2005 Allianz Capital Partners started to invest in renewable energy on behalf of the Allianz insurance companies, as the in-house platform specialized in alternative investments. Meanwhile ACP is managing a portfolio of 43 wind parks and seven solar parks located in France, Germany, Italy and Sweden. Today Allianz is one of the top financial investors in renewable energy projects.

Earlier in 2013, the Group acquired the 76-megawatt Dahme wind farm located around 80 kilometers south of Berlin, Germany. In France, Allianz Capital Partners bought five wind farms during the year, totalling 64 megawatts, together with the 30-megawatt Erchie wind farm in Italy. Allianz also committed to fund the construction of the 72-megawatt Maevaara project in Sweden which is due to become operational by the end of 2014. With these acquisitions and entering the Swedish market for the first time, Allianz Capital Partners closed the year 2013 with great success.

Allianz's renewable energy assets have a total generating capacity exceeding 1,000 megawatts, capable of supplying the annual electricity needs of over half a million European households - comparable to a city the size of Brussels.