French branch of the insurance specialist Swiss Life and Natixis, a French corporate and investment bank, will co-finance an offshore wind project, as part of an infrastructure debt cooperation agreement signed on 9 December.
“Under the terms of this agreement, Swiss Life will invest €300m, benefiting from the expertise of Swiss Life Asset Managers and Natixis in this asset class,” it was said in a press release.
The companies informed that an initial deal to co-finance an offshore wind project has already been set up, but have not revealed which project is in question.
Investment in the infrastructure asset class will help Swiss Life diversify its portfolio and keep its risk and yield profile in line with targets, the companies explained.
They added that Swiss Life’s co-investment with Natixis will offer the insurer a prime access to the European infrastructure debt market and to Natixis’ expertise, while Natixis will further expand its infrastructure debt platform and hence bolster its infrastructure financing capacities in Europe, serving its clients.