Munich Re has acquired 40
wind-driven electricity generating turbines in a total of 11 wind
farms in Germany. The investment forms part of Munich Re’s
Renewable Energy and New Technologies initiative launched in
mid-2010 and is worth in the “low three-digit million [euro]
range”.
Munich Re has stated that
over the next few years it intends to invest up to €2.5bn ($3.3bn)
in renewable energy projects such as wind farms, biofuels, solar
energy and hydroelectric power.
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In a release, the insurer
commented: “Our commitment to sustainability also brings with it
risk-return advantages, since this form of investment has been
shown to be profitable and entail moderate risk.”
Still leading the field among insurers in terms of wind
energy investment is Allianz, which has since 2005 followed a
strategy of direct investment in wind farms. According to the
insurer, it owns wind farms with a total capacity of 200MW. Munich
Re’s wind farm investment brings with it 73MW of
capacity.
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