Reventus Power has taken on responsibility for Canada Pension Plan Investment Board’s (CPP Investments) offshore wind assets.
In an internal move, CCPs portfolio company Reventus will now be the Fund’s dedicated global offshore wind platform, with remit of managing existing projects and growing the business further.
As a result of the move, Reventus Power has doubled the size of its global team to approximately 50 offshore wind specialists, increased its presence in the UK, Germany, Poland and Portugal, and appointed a new chief executive.
Incoming chief executive Michael van der Heijden (pictured) is an industry veteran with an 18-year track record of offshore wind acquisition, financing, and project development, the company said.
He joins from Maple Power, the European offshore wind developer he has led since 2021.
Reventus Power originates and invests in the development and long-term management of offshore wind projects globally.
Partnering with high-quality developers, it is now developing projects and pursuing opportunities across Europe, North America, and Asia Pacific.
The company is headquartered in London, now with offices in Hamburg and Warsaw.
Mark Hanafin continues in his role as chair.
He 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, North America and Asia Pacific.”
Michael van der Heijden added: “I’m excited by the global remit and proven experience at Reventus Power.
“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.”