Allianz Global Investors has acquired a 20.25% stake in the French îles d’Yeu et Noirmoutier offshore wind farm from Ocean Winds, marking its first investment in France's offshore wind sector.

Target Information

On January 22, 2026, Allianz Global Investors, on behalf of Allianz insurance companies, announced the acquisition of a 20.25% minority stake in the French îles d’Yeu et Noirmoutier offshore wind farm (referred to as "EMYN") from Ocean Winds. Ocean Winds, an international company dedicated to offshore wind energy, was established through a joint venture between EDP Renewables and ENGIE. The EMYN project is currently in its final construction phase, with over two-thirds of its turbines already installed and operational, supplying renewable electricity to households in France. Full commissioning of the project is anticipated in the first quarter of 2026, following initial power generation which commenced in June 2025.

Industry Overview

The offshore wind industry in France is gaining momentum as the country seeks to bolster its renewable energy capacity and transition towards sustainable energy solutions. With governmental support and regulatory frameworks conducive to renewable projects, the sector is projected to grow significantly in the coming years. Key players in this space, including Ocean Winds and other energy providers, are heavily investing in offshore initiatives to harness France's extensive coastal resources.

Furthermore, France's commitment to reducing carbon emissions aligns with its ambitious energy goals, which include increasing the share of renewables in the national energy mi