Allianz to invest € 300–500 million in renewable energy

Allianz AG (ASI) has said it plans to invest € 300–500 million in wind energy over the next five years, through its London-based asset management unit Allianz Specialised Investments. ASI has so far invested around € 200 million in renewable energy. Allianz said it sees further business opportunities in emissions trading, and investment opportunities in renewable energies, risk mitigation products such as weather derivatives and eco-upgrade products in insurance.