Allianz Global Investors has announced that Thomas Engelmann has been appointed as Director and Portfolio Manager in its Renewable Energy team, according to sources.

Allianz increases its renewable energy team as it expects to increase investments in this area. In July 2013, Allianz Capital Partners acquired two wind parks in France and one in Germany with a combined capacity of 100 Megawatts. In June 2013, Allianz Capital Partners announced the acquistion of the Maevaara wind farm in Sweden. Later, in August Allianz Capital Partners acquired three wind parks in France and Italy.

Mr. Engelmann will start his new role in October 2013 and he will be based in Munich.

Mr. Engelmann has a very extensive experience in the energy sector. He has worked during 18 years in the industry. Most recently, he worked as chief investment officer and portfolio manager for the infrastructure and renewable energy investment manager, KGAL. Previously, he worked in several management positions at Siemens and Siemens Financial Services.

KGAL is a German firm that offers investments in real assets such as aircraft, real estate and infrastructure.