Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 23 March 2023, EnBW Energie Baden-Württemberg AG agreed to sell a 49.9% minority equity stake in the 960 MW He Dreiht offshore wind farm to a consortium comprising Allianz Capital Partners on behalf of Allianz insurance companies, AIP Management, and Norges Bank Investment Management, while retaining a 50.1% majority stake. The consortium transaction, which makes He Dreiht one of the first large German offshore wind farms financed without state subsidies, is intended to bring experienced institutional investors into the project ahead of construction, with Allianz’s share of the project stake reported as 16.6%.