2024-11-05
http://w3.windfair.net/wind-energy/news/2149-italy-allianz-invests-in-wind-power

Italy - Allianz invests in wind power

Insurer Allianz is investing in an Italian wind farm which will be one of the largest built in the country so far, as part of its pledge to focus on renewable energies.

The Francofonte wind farm in Sicily will generate enough electricity for 46,000 households and will start operating in April 2007. Allianz has acquired the project company for the wind farm, Aero-Fonte, which will be run by German operator Windkraft Nord. Thomas Pütter, one of the heads of Allianz alternative asset holding, said: "Investments like this one in renewable energies, especially wind, offer an attractive yield with an acceptable risk profile. They will generate an attractive annual income stream." The transaction represents the first investment under Allianz's strategy of investing in long-term renewable energy projects.
Source:
Online editorial, www.windfair.net
Author:
Edited by Trevor Sievert, Online Editorial Journalist
Email:
press@windfair.net
Keywords:
Italy, wind energy, wind farm, wind turbine, wind power, renewable energy, rotorblade, onshore, offshore




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