Allianz and Bank of America Merrill Lynch have committed the tax equity for two wind parks totalling 300MW developed by EDF Renewable Energy in New Mexico.
The two wind farms, 250MW Roosevelt and 49.65MW Milo are adjacently located in Roosevelt County.
The deal means Allianz has taken its renewables initiatives beyond its European base.
Allianz Capital Partners head of renewables David Jones said: “This investment is a significant first step for us in the US market and, with the renewal of the Production Tax Credit legislation, we hope to be making further investments in the near and medium term.
“We are very pleased to be working with such a strong team of experienced partners in BofA Merrill Lynch and EDF RE and we look forward to making these projects a success and, hopefully, to working together on other projects in the future.”
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