Canada Pension Plan Investment Board (CPP Investments) has dedicated its U.K.-based, wholly owned portfolio company, Reventus Power, for its global offshore wind platform.
CPP Investments will consolidate its existing direct and indirect offshore wind holdings into Reventus Power to build on the business’ existing global footprint. To support this expansion, Reventus Power plans to grow its teams in the U.K., Germany, Poland and Portugal.
“Reventus Power is an important pillar of CPP Investments’ global energy strategy, and its growth will help us expand our portfolio of green and transition assets,” says CPP Investments’ Bill Rogers.
“CPP Investments will benefit from the enhanced capabilities of Reventus Power to support our ambition to grow our offshore wind portfolio, where we see considerable potential. Offshore wind is a vital renewable energy source and one that is evolving rapidly. Long-term, scale and flexible capital is needed to ensure the infrastructure that is required to harness this energy can be built at pace.”
