Talanx invests in solar and wind energy projects in Austria’s Burgenland

The Talanx Group has announced it is investing in expanding solar and wind energy capacity in Austria’s Burgenland region.

According to Talanx, this move is part of Austria’s largest renewable energy project finance transaction to date, highlighting its commitment to a sustainable, responsible ESG-based investment policy and reinforcing its role as a leading renewables investor.

Talanx AG’s CFO, Jan Wicke, emphasised the strategic importance of the deal, stating, “The transaction underlines the important role played by ESG criteria in our investment policy. Our investment continues our active participation in the shift towards sustainable energy sources.”

“We find the investment attractive from both a sustainability and a risk viewpoint due to the diversified portfolio of wind power and photovoltaic projects and our collaboration with Burgenland Energie, the largest and most experienced utility in the region.”

Ampega Asset Management GmbH, a Cologne-based subsidiary of Talanx AG, reportedly facilitated the financing for the Talanx insurers.

The funding takes the form of an amortising tranche of long-term debt and is part of a broader consortium that includes the European Investment Bank and commercial lenders.

“In concrete terms, the HDI and Targo insurers are participating in the funding. Burgenland Energie and the state of Burgenland are jointly providing equity capital to implement the
projects,” Talanx explained.

Burgenland Energie will use the funds to develop new wind and solar farms while upgrading existing infrastructure, further solidifying the region’s role as a leader in Austria’s renewable energy transition.

The post Talanx invests in solar and wind energy projects in Austria’s Burgenland appeared first on ReinsuranceNe.ws.