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Allianz completes PNE deal

80% interest taken in 142MW portfolio of wind farms

Allianz completes PNE deal image

Developer PNE Wind has completed the sale of an 80% interest in a 142MW wind portfolio to a fund managed by Allianz Global Investors for €103m.

The buyer is AREF II Renewables Investment Holding, a unit of Allianz Renewable Energy Fund II.

PNE said once the Federal Cartel Office granted approval the “sale could be consummated”.

The remaining 20% of the wind farm portfolio will continue to be held by PNE, which will also continue to be service provider for the operational management of the wind farms.

Image: PNE

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