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Canadian pension giant eyes global offshore wind growth with new CEO

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Canadian pension giant eyes global offshore wind growth with new CEO | Windpower Monthly

Canadian pension giant eyes global offshore wind growth with new CEO

Canada Pension Plan Investment Board (CPP Investments) has set its sights on global offshore wind development by expanding its UK-based Reventus Power platform and appointing a new CEO.

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Decades of government support for the development of wind energy has resulted in lower costs and a rapidly growing share of electricity generated by wind turbines. Wind in 2019 accounted for 7.3 percent of electrical generation, surpassing for the first time hydropower at 7.0 percent. 

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