Munich, Germany-headquartered Allianz Capital Partners has invested tax equity in the Kelly Creek project, an Illinois wind farm developed and owned by EDF Renewable Energy. Allianz is the sole tax equity partner in the project.
The Kelly Creek wind farm is situated in Ford and Kankakee counties, located approximately 115 kilometers southwest of Chicago. The 184 MW project comprises 92 Vestas 2.0 MW V100 turbines, which are capable of generating enough electricity to power 78,000 average Illinois homes.
“The U.S. offers a very attractive framework for wind investments. With these kinds of investments, we can offer stable and uncorrelated returns to Allianz even in the current low-interest environment,” comments David Jones, head of renewables at Allianz Capital Partners. “This is the second project that Allianz has invested in alongside EDF RE, and we are looking forward to co-operating together to ensure the success of this wind park.”
Now with its third wind investment in the U.S., Allianz is further expanding its renewables portfolio and has invested in a total of 73 wind farms and 7 solar projects in Austria, Finland, France, Germany, Italy, Sweden and the U.S.