"In BayWa r.e. we have found an expert, seasoned partner for the operations management of our portfolio", Dr Peter Brodehser, Head of Infrastructure Investments at Talanx, notes. "Overall management by a single provider lets us work on a more cost-effective and focused basis on the investor side because we are considerably simplifying the operational processes – especially reporting processes – and are thus able to concentrate more on creating value added in the portfolio."

"We have consistently expanded our services portfolio on the operations management side in recent years and we are committed to the highest service quality. The fact that we were able to win out in the tender process for managing the plant operations of such a large and highly reputed institutional investor as Talanx offers further proof that our strategy is paying off over the long term", Marc Niem, Managing Director of BayWa r.e. Operation Services GmbH, explains. These services include, among other things, 24/7 data analysis, maintenance readiness and operations management to ensure smooth running of the wind farms.

"The cooperation with BayWa r.e., one of Europe's leading providers of operations services for renewable energy plants, constitutes another key element in our efforts to comply with the goals of the Paris Agreement on climate change to which we, as a company, are committed", Dr Peter Brodehser emphasises.

Talanx AG is continuously expanding its investments in renewables and climate-friendly technologies. The Group has already made direct investments of more than EUR 1.3 billion in renewable energy sources (wind and solar). Not long ago it defined its underwriting policy on coal-based risks and with immediate effect is no longer providing insurance coverage for any planned new coal-fired power stations or coal mines. On the investment side, the Group continues to practise its existing policy of not making any new investments in companies that generate at least 25 percent of their total revenues from coal-based sources.