Munich Re Plans to Invest in Wind, Solar Parks to Boost Returns
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Munich Re, the world’s biggest reinsurer, plans to increase its investments in renewable energy operations such as wind parks and solar plants to help boost its investment returns.
“Assuming our profitability expectations are met, we plan to invest about 2.5 billion euros ($3.6 billion) in renewable energy assets over the next five years,” Munich Re management board member Thomas Blunck, who is responsible for special and financial risks, said in an interview in Munich.