Allianz to target renewable energies

David Wyndham Jones has joined Allianz Capital Partners to co-lead a newly established alternative energies investment division.

Allianz Specialised Investments, a subsidiary of Allianz Capital Partners (ACP), has announced the formation of a new investment team dedicated to investing in renewable energies.

The group, headquartered in Munich, has hired David Wyndham Jones to co-lead the effort. Jones joins from Shell, where he specialised in wind energy. Based in London, he will have joint responsibility for the division alongside Andrew Cowley and Bill Cowcraft.

The unit will report to Thomas Pütter, spokesman for the executive management of Allianz Capital Partners.

According to an Allianz spokesperson, the renewable energies team will pursue investment opportunities opportunistically, as opposed to having specific annual investment targets.

ACP expects the wind energy sector to grow significantly over the coming years. In May of this year, the group acquired Hansen Transmissions, a manufacturer of gear boxes for wind turbines formerly owned by Invensys.

ACP was set up in 1998 and within Allianz Group has responsibility for direct private equity investments.