CIP bolsters offshore wind ranks with partner hire

Michael Hannibal’s move comes a few weeks after the Danish firm opened up its latest office in Taiwan.

Copenhagen Infrastructure Partners has hired “one of the pioneers” of the offshore wind industry as a new partner.

Michael Hannibal will join the Danish fund manager in December, ending a 13-year tenure at Siemens, where he has been chief executive of the turbine manufacturer’s offshore wind division since 2011.

He will be tasked with helping to lead CIP’s offshore wind activities, which this year extended to Taiwan following the acquisition of three development projects with a combined capacity of 1.5GW. Earlier this month, the manager formally opened an office in Taiwan and announced plans for a joint venture with China Steel Company, Taiwan’s Diamond Generation Asia and Mitsubishi.

“Michael is one of the pioneers and leading figures within offshore wind and spearheaded Siemens’ and Siemens Gamesa’s development into the globally leading offshore wind turbine supplier and service provider,” said Jakob Baruel Poulsen, managing partner at CIP. “He brings deep market knowledge, a large industrial network, and proven global leadership skills and track record to CIP. In this capacity, Michael will take a lead role on the investments in CIP’s offshore wind farms in operations, construction, and development across three continents.”

CIP also owns offshore wind sites in the UK, Germany, US and Canada. Its current fund – Copenhagen Infrastructure III reached a €1.9 billion third close in July ahead of a €3 billion target.