nuclear-news

Allianz, Europe’s biggest insurer, has been investing billions of euros of policy holder funds in renewable energy.
“These investments either offer attractive feed-in tariffs, are already at grid parity (competitive with conventional energy) or are going in that direction,” Armin Sandhoevel, chief investment officer for renewables at Allianz Global Investors, told a press briefing in Frankfurt.
“That is also the future of the market, it will make it bigger and more comfortable for institutional investors.”
Spanish and Italian wind or solar installations were the most advanced in terms of profitability while those in the Nordic countries, Britain, Germany, France and the Benelux would be catching up, he said….

Further advantages of a move to green systems were the decoupling from rising global fuel costs and proven viability of the new technologies, which ensured long-term cash flows.
Institutional investors such as pension funds were looking for a diversification away from government bonds at a time of unattractive yields, Allianz executives said.
“Renewables and infrastructure represent a good match with insurers’ and pension funds’ long-term obligations to policy holders,” said managing director Tobias Pross…… http://www.arabnews.com/news/449434