Allianz Global Investors (AllianzGI), one of the world’s leading active investment managers, announced that it has made an investment of over $400 million on behalf of its clients into the Grande Prairie Wind project (GPW). The GPW project is a 400-MW wind farm in Holt County, Nebraska – the largest wind energy project in the…
Allianz and partners develop innovative risk-management plan for hedging wind volume risks
Allianz Risk Transfer (Bermuda) Limited (ART) and partners have developed an innovative risk management solution for hedging wind volume risks for wind farms. ART has executed a 10-year Proxy Revenue Swap with Capital Power’s Bloom Wind Farm, to be constructed near Dodge City, Kansas. This new risk-management tool for the wind-power industry was created and…
Allianz and Bank of America Merrill Lynch invest in New Mexico wind farms
Allianz and Bank of America Merrill Lynch have committed the tax equity for two wind farms developed by wind developer EDF Renewable Energy. The two projects include the 250-MW Roosevelt and the 49.65-MW Milo wind farms adjacently located in Roosevelt County, New Mexico. The combined 150 wind turbines produce enough clean, renewable energy to power approximately…