Michael Hannibal joins Copenhagen Infrastructure Partners (CIP) as partner to take a lead role on CIP’s investment activities within the large and growing offshore wind business.
CIP managing partner Jakob Baruel Poulsen says: “I am very pleased to welcome Michael Hannibal to the CIP partnership. 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. 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 CIPs offshore wind farms in operations, construction, and development across three continents.”
CIP-managed funds have invested in Veja Mate, a 402 MW German offshore wind farm in operations, Beatrice, a 588 MW Scottish offshore wind farm under construction, and offshore wind development projects in the US, Canada, and Taiwan. Offshore wind is expected to grow at double digit rates over the coming years as new markets roll out the technology. In recent years technological advancements have reduced the cost of energy from offshore wind significantly, and the technology is now considered a cost competitive and clean alternative to conventional large scale power production.
Michael Hannibal says: “In only five years CIP has positioned itself as the leading financial infrastructure investor within offshore wind globally, and the team is widely recognized in the industry for its unique combination of technical, financial, and execution skills. The offshore wind industry is now expanding from a primarily Northwestern European business to a truly global business, and I am excited about the opportunity to be part of this journey together with the CIP team. I bring my hands-on offshore wind experience, gained by positioning Siemens Gamesa as the global leader in offshore wind.”
Michael Hannibal accepted in 2004 a position at Bonus Energy. Shortly thereafter, it became Siemens Wind Power, and is now Siemens Gamesa. Michael held the position as CEO Offshore from 2011 to October 2017. During his tenure Siemens Gamesa developed into a clear market leader within the offshore wind business – both as turbine manufacturer and service provider. Siemens Gamesa has supplied more than 60% of the installed offshore wind turbine capacity globally.
Michael Hannibal joins CIP on December 21, 2017.
About Michael Hannibal
Michael Hannibal obtained CEO experience and broad leadership skills from ABB and Siemens, and he developed deep knowledge of international markets from several years of working with global operations.
Since 2004 Michael has been a key person in terms of shaping the offshore wind business, which includes its industrialization, sustainability, and growing part of the energy mix. Michael holds a Bachelor of Science in Electrical Engineering from Aarhus Technical University, and he is Project Management educated and certified at ABB.
About Copenhagen Infrastructure Partners
Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, and other energy assets like reserve capacity and storage. CIP has approximately 110 employees and offices in Copenhagen, Taipei, New York, Tokyo, Utrecht, and London.
CIP manages six funds and has more than EUR 8 bn under management. CI I, CI A I and CI A II have PensionDanmark as founding- and sole investor. CI II has 19 Danish and international institutional investors and CI III has 42 institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and multi-lateral organizations e.g. EIB. CI NMF I has 15 investors from the Nordics and Continental Europe.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with Pension Denmark.