The Anonymous Widower

Canadian Pension Fund To Consolidate Its Offshore Wind Holdings Into UK-Based Reventus Power

The title of this post, is the same as that of this article on offshoreWIND.biz.

This is the sub-heading.

Canada Pension Plan Investment Board (CPP Investments) will consolidate its existing direct and indirect offshore wind holdings into Reventus Power, its UK-based portfolio company, which will become its dedicated global offshore wind platform.

This first paragraph gives more details.

Subject to customary approvals, the move will see Reventus Power growing its teams in the UK, Germany, Poland and Portugal to form a team of approximately 50 offshore wind specialists, according to CPP Investments, whose current exposure to offshore wind is more than CAD 1 billion (approximately EUR 678 million; USD 737 million).

According to their web site, the Reventus HQ is in London.

There is nothing on the web to indicate a special reason, so it must have been one of the following.

• Canadians like investing in the UK.
• The UK is good for tax reasons.
• London has all the lawyers, accountants and other services they will need.
• I suspect several wind farms, that they will develop will be in UK waters.
• Many of the extra staff, they have said they will recruit will be UK-based or UK-educated.

But overall, it must be a feather in its cap for London.

April 10, 2024 - Posted by AnonW | Energy | Canada, Germany, London, Offshore Wind Power, Poland, Portugal, Reventus Power, Wind Power