Talanx wind farm investment Gode Wind 1 wins award for financing transaction

Talanx has co-ordinated the project financing for the construction and operation of the offshore wind farm Gode Wind 1 winning the “Europe Renewables Deal of the Year 2015” award as a result. The prize for the best financing transaction in renewable energies is awarded annually by trade magazine Project Finance International (PFI).

“We are delighted to have been handed the PFI Award,” commented Dr Thomas Mann, Chief Investment Officer at Talanx Asset Management GmbH. “The award demonstrates our expertise as an international investor in the infrastructure sector and Talanx’ capability to act as a lead manager of high-volume transactions.”
By co-ordinating a structured bond of EUR 556 million to finance Global Infrastructure Partners’ fifty percent acquisition of DONG Energy’s Gode Wind 1 offshore wind farm, Talanx acquired a new role on the market. This is the first time that a group of institutional investors under the leadership of an insurer has financed an offshore wind power project.
The internationally acclaimed PFI Awards 2015 were presented on the evening of 3 February 2016 in London. Essential factors in deciding who deserves the prize include the impact a transaction has on the infrastructure market overall and the use of innovative financing solutions.

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