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

Similar Entries

Pict: Welink

Allianz Capital Partners on behalf of Allianz insurance companies has closed today the acquisition of the 46 MW Ourika project (“Ourika”) in Portugal. The solar farm is fully operational and has been developed by the WElink Group (“WElink”).

Energy Taiwan is the largest and most professional renewable energy trading platform in Taiwan

Energy Taiwan is jointly organized by the Taiwan External Trade Development Council (TAITRA) and SEMI. The event will take place from October 16-18, 2019 at the Nangang Exhibition Center Hall 1. The exhibition will feature four major energy themes, PV Taiwan, Wind Energy Taiwan, HFC Taiwan, and Smart Storage Taiwan. It is expected to attract more than 10,000 domestic and foreign buyers of related industries. Over 15 seminars will be organized during the exhibition. Energy Taiwan is the most important trading platform for renewable energy.

Thermal Energy Storage Market

Favorable government initiatives toward renewable energy based power generation along with increasing demand for uninterrupted power supply will augment the thermal energy storage market. In addition, increasing customer focus toward energy efficiency coupled with the implementation of energy storage plans will further complement the industry landscape.

As the pilot phase shows, the patented innovation developed by plusAmpere has enormous potential: The use of the innovative reflector and calculation system improves the worldwide yields of photovoltaic facilities (PV facilities), making them more profitable and cost-efficient (pict. plusAmpere)

The company plusAmpere introduces an innovative “reflector and calculation system” offering an efficient and inexpensive way of increasing the overall yield of existing and newly planned photovoltaic and solar thermal facilities.