"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.
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.