Germany Urges EU to Promote Institutional Investment in Energy

The European Union must make it easier for institutional investors such as insurers to finance energy infrastructure in the bloc, German Economy Minister Philipp Roesler said.

There’s potential to create a “special risk classification for investments in energy infrastructure,” Roesler said today at a conference in Berlin. He’s discussed the idea with Michel Barnier, the EU’s financial services chief, he said.

The changes could form part of the EU’s Solvency II rules, which are designed to make firms in the region allocate the same capital reserves against the risks they take. The implementation of the regulations has been delayed from last year as German, British and French insurers lobby over their impact on long-term savings products.

Roesler’s proposed changes may help finance power-line projects and grid connections for offshore wind farms, he said. Institutional investors are interested in financing energy infrastructure that offers “robust” long-term returns at a time of low interest rates, he said.

To contact the reporter on this story: Stefan Nicola in Berlin at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.