“The solar park "Bienvenida" represents an excellent fit with our direction and strategy,” explained Dr Thomas Mann, Chief Investment Officer of Talanx. “The investment allows us to diversify our asset portfolio and this enables us to manage the volatility in our portfolio in a more controlled way, since we will benefit equally from wind and solar power. Moreover, the sheer size of the solar park allows us to better support the environmental transformation to a zero-carbon emission society – in this case by means of industrially generated green energy,” he added. “Furthermore, it helps us to counteract the low-interest phase with higher returns on investment.”
Anton Milner, CEO of ib vogt GmbH, stated: “This project is the culmination of a number of years of development work and is the first of a series of major net parity projects that we are developing in Southern Europe. Importantly, these will help drive the penetration of clean electricity in Europe on a stand-alone economic – unsubsidised – basis. We are delighted and proud to be working with the Talanx Group and to be able to support their sustainability and portfolio objectives. In Talanx we have a partner that shares our objectives and approaches in driving the implementation of this important technology in the fight against climate change.”
Overall, the Talanx Group ranks among the leading investors and operators of renewable energy generating plants in Germany. It has already invested more than 2.2 billion euros in infrastructure and renewable energy – out of this the company has invested more than 1.3 billion euros directly in renewable energy (wind and solar) and has made around 220 million euros available in the form of lending to finance solar parks.
The Group has set itself the target of doubling its investments in infrastructure and renewable energy over the coming years to 5 billion euros. “In order to achieve this target, we are dependent on good offers in the marketplace. We are therefore delighted to be able to draw on the expertise of ib vogt in this area, one of the major providers of high-quality, turnkey solar power plants with a long track record of experience,” added Dr Thomas Mann.
In November, Talanx signed the Principles for Responsible Investment (PRI) supported by the United Nations and thereby made a commitment to sustainable investment. Moreover, the sustainability strategy adopted by the Group this year establishes that the Talanx Group in Germany will be 100 percent carbon neutral from 2019 and that it will exit completely from coal by 2038.
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.