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CPP makes Reventus its dedicated global offshore wind arm

RICHARD HEAP

April 8, 2024

Investment giant Canada Pension Plan Investment Board has revamped its subsidiary Reventus Power to become its dedicated global offshore wind platform.

CPP Investments has doubled the Reventus team to 50 offshore wind experts globally by growing its presence in the UK, Germany, Poland and Portugal. Reventus was set up in 2021 to originate and invest in the development and long-term management of offshore wind projects globally alongside strategic partners.

It is headquartered in London and now also has offices in Hamburg, Germany and Polish capital Warsaw. It currently has notable projects in the US and Australia, and is set to expand its portfolio in three regions: Asia Pacific, Europe and North America.

In addition, Reventus has named Michael van der Heijden as its chief executive. He joins from Maple Power, which is the offshore wind joint venture founded by CPP Investments and Enbridge in 2019.

“I’m excited by the global remit and proven experience at Reventus Power,” said van der Heijden. “We are on a mission to continue growing the team with elite talent so that when we invest alongside strategic partners we bring deep in-house technical, financial, and commercial expertise to projects. We have a strong pipeline of projects in place, and some significant new partnerships to announce shortly, and look forward to establishing future ones in new locations over the coming years.”

Mark Hanafin remains as chair of Reventus Power, and said: “As the dedicated platform for CPP Investments’ offshore wind investments, Reventus Power has a tremendous opportunity to become a truly global force in offshore wind. Already active in core markets outside of Europe, the team now has the scale and market-positioning to pursue some of the sector’s most exciting growth opportunities in Europe, NorthAmerica and Asia Pacific.”

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