Allianz Global Investors has acquired a 20.25% minority stake in the Îles d’Yeu et Noirmoutier offshore wind farm (EMYN) on behalf of Allianz insurance companies. The stake was purchased from Ocean Winds, the offshore wind joint venture between EDP Renewables and ENGIE.
The project is in the final phase of construction and marks the first partnership between Allianz and Ocean Winds in offshore wind. First power was generated in June 2025, with more than two-thirds of the turbines now installed and supplying renewable electricity to French households. Full commissioning is expected in the first quarter of 2026.
Mario Skoric, Chief Executive Officer at Allianz Investment Management, said: “This project marks our third direct investment in offshore wind following investments in the Netherlands and Germany, and our first offshore wind investment in France, a market where Allianz has been actively investing in renewable energy projects since 2008. Îles d’Yeu et Noirmoutier is a further testament to our commitment to the energy transition and the importance of expanding renewables infrastructure.”
