Germany

Germany

Munich Re earmarks €2.5bn for renewables investment

Offshore wind projects could be chosen & €1.5bn for infrastructure

The world’s largest reinsurance company, Munich Re, may invest in offshore wind projects as part of an investment strategy that has seen it earmark €2.5bn for renewables and new technologies.

Speaking with Windpower Offshore, a spokesperson for MEAG, the company charged with managing Munich Re’s investments, confirmed that a goal of investing €2.5bn on a "medium-term" basis in renewable energy projects and other new technologies has been adopted.

In addition, a separate fund of €1.5bn has been created for investments in infrastructure. The definition of infrastructure being used by MEAG could allow for investment in projects designed to link offshore wind to the onshore network.

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