Allianz Capital Partners is buying three wind-park schemes in Finland.
The investment manager agreed to buy the Joukhaisselk盲, Kuolavaara-Keulakkop盲盲 and Saarenkyl盲 wind parks.
The assets will be bought on completion of construction and are being sold by Portofino New Energy, owned by Impax New Energy Investors II.
Allianz Capital to buy six wind turbines at Jouttikallio from OX2 for an undisclosed amount, its first deal in Finland.
David Jones, head of renewables at Allianz Capital Partners, said Finland was an attractive European wind market.
鈥淚t鈥檚 an investment that has a positive impact on the environment and also benefits our customers,鈥� he said.
鈥淚t marks a new milestone for Allianz, which has now invested a total of more than 鈧�3bn in renewable energy.鈥�
The Joukhaisselk盲 and Kuolavaara-Keulakkop盲盲 wind parks are in Lapland, while the Saarenkyl盲 wind park is in northern Ostrobothnia.
Together, the wind farms have a total 107.7 MW capacity.
The commitment of Allianz to the renewable energy sector now exceeds 鈧�3bn, with 63 wind farms and seven solar parks.
The company made its first investment in the US renewable energy sector .
The German company joined Bank of America Merrill Lynch and committed tax equity for two wind parks developed by EDF Renewable Energy.
