Allianz and MUFG invest in EDF wind farm in Oklahoma

06.02.2017
“It is a valuable addition to our renewable energy portfolio, which now exceeds 3.5bn euros and offers a stable and uncorrelated return to Allianz,” said David Jones, Head of Renewables at Allianz Capital Partners. (Photo: Allianz Capital Partners)
“It is a valuable addition to our renewable energy portfolio, which now exceeds 3.5bn euros and offers a stable and uncorrelated return to Allianz,” said David Jones, Head of Renewables at Allianz Capital Partners. (Photo: Allianz Capital Partners)

Allianz and MUFG, one of the world’s leading financial groups, have together invested tax equity in the Great Western wind park developed and owned by EDF Renewable Energy (EDF RE). The 225 MW project is located in Ellis and Woodward Counties, around 200 km north-north west of Oklahoma City. During the next 25 years, Great Western is projected to generate more than 25 million US-$ in property taxes for Ellis and Woodward Counties.

With the fourth tax equity investment in the United States, Allianz investments in the renewable energy sector exceed € 3.5 billion, with a total of 74 wind farms and 7 solar parks located in Austria, Finland, France, Germany, Italy, Sweden and the U.S.

“We are delighted to partner with MUFG and EDF RE on this project. It is a valuable addition to our renewable energy portfolio, which offers a stable and uncorrelated return to Allianz,” said David Jones, Head of Renewables at Allianz Capital Partners.

The wind and solar parks of Allianz generate enough renewable energy to supply over a million households, which is comparable to a city the size of central Paris.

Philipp Kronsbein / Allianz Capital Partner

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