Allianz Global Investors has acquired a minority stake in the 500MW Îles d’Yeu et Noirmoutier offshore wind farm off the coast of France from Ocean Winds.
The German insurer confirmed it has taken a 20.25% share in the project, which is in the final phase of construction. The deal marks the first partnership between Allianz and Ocean Winds in the offshore wind sector.
First power from the wind farm was generated in June 2025, and more than two-thirds of the turbines have now been installed and are supplying renewable electricity to French households. The project is expected to reach full commissioning in the first quarter of 2026.
Mario Skoric, chief executive officer at Allianz Investment Management, said the investment represents Allianz’s third direct offshore wind investment, following earlier projects in the Netherlands and Germany, and its first offshore wind investment in France.
“Îles d’Yeu et Noirmoutier is a further testament to our commitment to the energy transition and the importance of expanding renewables infrastructure,” Skoric said.
He added: “We are delighted to collaborate with Ocean Winds on this important project, which supports the path to decarbonisation while delivering long-term value for our policyholders.”
Allianz has been actively investing in renewable energy projects in France since 2008, and the latest transaction strengthens its growing offshore wind portfolio in Europe.
