EnergyWatch

German insurance major invests in US wind

German capital is now buying into two large wind farms in Texas. Investments in wind power are popular at the German insurance company.

Two major wind farms in Texas now have a new partial owner. German insurance company Munich Re which has acquired a 49-percent stake in the farms.

The two wind farms, which began operations at the end of 2016, have capacity of 230 MW. Selling the farms is Starwood Energy Group Global, which invests with focus on infrastructure. Starwood will remain owner of the other 51 percent of the wind farms.

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