Allianz Capital Partners has invested in a US wind project owned by EDF Renewable Energy.
The Kelly Creek wind project, in Ford and Kankakee Counties, Illinois, is the manager’s third wind investment in the US.
David Jones, head of renewables at Allianz Capital Partners, said: “The US offers a very attractive framework for wind investments.
“With these kinds of investments, we can offer stable and uncorrelated returns to Allianz, even in the current low-interest environment.”
The project is the second Allianz has invested in with EDF Renewable Energy.
Allianz is the sole tax equity partner in the project.
The 184MW wind farm employs 92 Vestas 2.0MW V100 turbines capable of generating electricity to power 78,000 average Illinois homes.
Allianz said it had now invested in a total of 73 wind farms and seven solar parks in Austria, Finland, France, Germany, Italy, Sweden and the US.
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