• Investments since 2005 in more than 30 wind farms and solar parks accounting for a total energy output of more than 600 megawatts

• Allianz will continue to invest in growth potential offered by renewable energy in the future

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• The focus will remain on Euro currency markets

Munich [WorldofRenewables.com]

Allianz’s investments in renewable energy have surpassed the one billion euro mark. Since 2005, Allianz has invested in 30 wind farms and solar parks in Germany, France and Italy via its subsidiary Allianz Renewable Energy Partners. The last transaction involving an Italian 15-megawatt solar power facility was concluded at the end of December 2010. “Over the past five years, we have continually expanded our renewable energy investment portfolio and are now one of the world’s largest financial investors in this field. Last year, we also expanded our investments to include solar energy,” says David Jones, CEO of Allianz Specialised Investments (ASI) and Head of Renewable Energy Investment at Allianz Capital Partners (ACP).

The wind farms and solar parks currently managed by Allianz have an electrical generation capacity of over 600 megawatts, and produce enough energy to supply around 250,000 households. “Renewable energy is an area that generates attractive returns, irrespective of capital market fluctuations. With operating lives of 20 years and more, this asset class is a good fit for Allianz’s long-term investment strategy,” says David Jones. “Wind farms and solar parks also contribute to combating climate change. As a result, I believe that there will be considerable growth in investment in renewable energy for many years to come.”

The renewable energy market has witnessed particularly strong growth in recent years.

The World Energy Council estimated that the market was worth 635 billion US dollars in 2010. By 2020, experts predict that investments in wind and solar power will have risen to 1.9 trillion US dollars.

For further information please contact:

Michael Matern Tel. +49.89.3800-2960

Stefanie Rupp-Menedetter Tel. +49.89.3800-2063

These assessments are, as always, subject to the disclaimer provided below.

About Allianz

Together with its customers and sales partners, Allianz is one of the strongest financial communities in the world. Around 75 million private and corporate customers rely on Allianz’s knowledge, global reach, capital strength and solidity to help them exploit financial opportunities and to avoid and safeguard themselves against risks.

In 2009, 153,000 employees in around 70 countries achieved total revenue of 97.4 billion euros and an operating profit of 7.2 billion euros. Payouts to our customers reached 82.9 billion euros.

This business success in the fields of insurance, asset management and assistance services is based increasingly on customer demand for crisis-proof financial solutions for an ageing society and a world facing the challenge of climate change. Verifiable transparency and integrity are key components of sustainable corporate governance at Allianz SE.

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The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements which are forward-looking by reason of context, the words “may”, “will”, “should”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “continue” and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, (i) general economic conditions, including in particular economic conditions in the Allianz Group’s core business and core markets, (ii) performance of financial markets, including emerging markets, and including market volatility, liquidity and credit events (iii) the frequency and severity of insured loss events, including from natural catastrophes and including the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates including the Euro/U.S. Dollar exchange rate, (ix) changing levels of competition, (x) changes in laws and regulations, including monetary convergence and the European Monetary Union, (xi) changes in the policies of central banks and/or foreign governments, (xii) the impact of acquisitions, including related integration issues, (xiii) reorganization measures, and (xiv) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. The company assumes no obligation to update any forward-looking statement.

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