EUROPEAN POWER LIST 2021 - THE PEOPLE AND TRENDS AT THE LEADING EDGE OF EUROPEAN WIND - Blog
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SPECIAL REPORT EUROPEAN POWER LIST 2021 THE PEOPLE AND TRENDS AT THE LEADING EDGE OF EUROPEAN WIND / TOP 100 PEOPLE IN EUROPEAN WIND / 5 TRENDS THAT SHAPED THE TOP 100 / JOIN US AT FINANCING WIND EUROPE 2021
Contents
Welcome 3
How we did it 4
Our criteria 5
Our judges 6
What does the European Power List tell us about the market? 8
Our top 100 profiles 18
Q&A Interview: Nigel Slater 20
The European Power List 2021 in full 26
The European Power List 2021 is proudly sponsored by:
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EUROPEAN POWER LIST 2021
Welcome
It is ten years since we started ranking the top These leaders now face a major challenge. They
people in European wind. will all play crucial roles in making sure that wind
is key to the ‘green recovery’ from Covid-19.
Since then, we have published seven top 100 lists This will not be easy. We see major obstacles to
with a European focus. First, we did this in our the rollout of wind across Europe.
annual Top 100 Power People. Now we do this
regularly in the European Power List. Over the For example, last month WindEurope warned
years we have featured a total of 337 of wind’s wind installations of 14.7GW in Europe in 2020
most influential people in these reports, and ten are not enough to meet long-term carbon
from that first list still feature today. reduction targets. It said investors were being
held back by slow permitting processes. Wind in
Our top 100 has changed a lot. Sometimes this is Europe has come a long way in the last decade,
due to changing market dynamics. Key individuals but there is a long way to go – and strong
from oil giants did not feature as strongly in leadership is vital.
a wind list ten years ago as, back then, many
wouldn’t give wind a second look. The fact they We hope you enjoy this report, and would like
now do is testament to the work that wind’s to thank our readers, our judges and everyone
leading people have done over the last decade. who shared their nominations.
And frankly, sometimes those changes are
driven by changes in our criteria, as we seek to
respond to new market dynamics. One thing
that hasn’t changed, though, is our commitment
to celebrating the most influential people in
European wind.
You can find out who they are and how we do
this in the coming pages.
3
EUROPEAN POWER LIST 2021
How we did it
The editorial and content team of A Word About Wind and Energy Storage Report
began the process to develop this year’s European Power List in December 2020.
The process
To maintain the European Power List’s credibility,
we followed the below research process.
■ 4th December 2020 ■ 15th February
Following the completion of the Green Fund Received feedback from judges
Power list, desk-based research for the European
Power List began. This involved examining the ■ 22nd February
market and highlighting individuals.
Decided on the final 100
■ 5th January 2021
■ 25th February
Opened the floor for nominations on our various
Completed the rankings and commenced report
digital platforms.
production. The positions and views in this
report are those of our editorial staff, and our
■ 5th February decisions are final.
Closed nominations and restarted research on
each individual on the ensuing list to compile a ■ 10th March 2021
longlist. Over 300 individuals were considered.
European Power List 2021 published
■ 8th February
Shared the longlist with our judges
We have made every effort to be comprehensive, and to ensure that profiles are accurate at the time
of publication. If there are important factual inaccuracies you feel need correction, please contact us at
editorial@tamarindogroup.com.
4
EUROPEAN POWER LIST 2021
Our criteria
Our European Power List includes the 100 However, those three criteria are not exclusive.
business leaders in Europe that exert the most We have also considered each entrant based on
influence on the wind industry through their their individual merits and visible activity in the
deals, innovations and strategic thinking. sector since the start of 2020. Our aim is to
ensure that our top 100 represents the range
Our interest is the leaders and deal-makers who of businesses, individuals and technologies that
shape the financial side of the wind industry contribute to the success of the wind sector
globally and are based in Europe. The top 100 now and in future.
includes key people at the industry’s leading
developers, investors, lenders, manufacturers Our decisions are final.
and utilities, as well as their financial advisors,
and those working for corporate energy buyers.
Our main exception is law firms, which we cover
in our dedicated Legal Power List reports.
This means that our top 100 focuses on chief
executives, divisional heads and other members
of senior management teams. They are the
ones who tend to contribute to the broader
success of the wind industry in one of the three
following ways.
■ By shaping the strategies of the sector’s
leading companies, which play an integral role
to the financial performance of the industry
as a whole.
■ By working on the largest and most
complicated deals and projects, which help
unlock major investment in the sector while
generating interest.
■ By working on deals and developments that
help to unlock new investment opportunities
for wind, both in terms of geography and/or
technology.
5
EUROPEAN POWER LIST 2021
Our judges
Our editorial and content team worked with the following expert judges to
gain an independent view on who we should include in our final top 100.
Natasha Luther-Jones
Natasha Luther-Jones is a partner, Global Co-Chair of Energy and
Natural Resources sector and International Co-Head of Sustainability
and ESG at DLA Piper. She has over 20 years’ experience working on
energy projects, primarily in the wind sector, advising on developments,
investments, acquisitions, disposals, financings and re-financings, as well
as all types of PPAs. Natasha is also one of the authors of DLA Piper
reports including: the future of European Offshore Wind, Europe’s
Subsidy-free Transition and the Digital Transformation in Energy and
Natural Resources.
The independent legal sector rankings from Legal 500 refer to her as
“exceptional”, “a go-to name in the renewable energy space”, “fantastic”,
“forward-thinking” and a “no-nonsense deal maker”, and she is also
ranked as a ‘Leading Individual’ for renewable energy. Natasha and her
team were awarded ‘Projects, Energy & Natural Resources, Firm of the
Year’ from Legal 500 UK Awards 2020 and Tier 1 legal advisor ranking
for two consecutive years by Legal 500 UK 2020-21.
Per Hornung Pedersen
Per spent 20 years in various managerial positions at companies in a
range of sectors before entering wind in 2000, as CFO at NEG Micon/
Vestas. He moved to Indian manufacturer Suzlon in 2004, where he was
responsible for all international operations.
He then took over at REpower (now Senvion) in 2007 and, in his role
as CEO, doubled turnover to €1.3bn. Per left REpower in 2011 and,
since then, has been active on a number of supervisory boards as well as
acting as industry adviser to a number of private equity funds and other
companies.
Per is chairman of the board of German listed developer PNE Wind,
non-executive director of Swire Energy Systems, non-executive director
of Suzlon in India and SeaTower AS in Norway. He is also senior adviser
to McKinsey and holds a number of additional advisory positions.
6
EUROPEAN POWER LIST 2021
Richard Heap
Richard has worked in financial journalism since 2005, specialising in
commercial real estate, renewable energy and technology. He joined
Tamarindo Group in 2014 and became the company’s editorial and
content lead in January 2020.
This role includes being editor-in-chief of A Word About Wind and
Energy Storage Report; setting the editorial direction of the Financing
Wind conferences and other virtual events; leading the company’s
report programme, including the European Power List; and partnering
on written and multimedia content with experts from all over the global
renewable energy industry. This gives him a wealth of knowledge about
the key players in renewable energy and finance.
Before Tamarindo, he led Profit Track 100 and Tech Track 100 for Sunday
Times Fast Track; and spent five years at multi-award-winning magazine
Property Week.
Our mission is to accelerate the global adoption of
renewable energy and clean technology through
better communications and stronger networks.
We do this by giving industry players, from established leaders
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To find out how we can help you deliver against your commercial goals, get in touch:
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TAMARINDOGROUP.COM
What does the European Power List tell us about the market? Ten years of ranking the most influential people in European wind has given us a front row seat for some of the biggest changes facing the sector. In this article, we look at five of the biggest trends that have shaped this list.
KEY TRENDS
Changes at the top of some of wind’s leading players
Every top 100 list sees some change at the top of However, the challenge for the wind industry is
wind’s most influential firms, but the period since making sure that the next generation of leaders is
our last European Power List in 2019 has seen able to learn from these experienced players.
more change than most.
It also means we should celebrate those who
In that time, we have seen the CEOs of four of have featured in our European top 100 lists since
wind’s largest manufacturers leave their positions: 2012. In total, ten of the people who feature in
Anders Runevad (Vestas), Hans-Dieter Kettwig this year’s list also featured in 2012 – including
(Enercon), Philippe Kavafyan (MHI Vestas), and our number one, Iberdrola’s Ignacio Galan – and
Markus Tacke (Siemens Gamesa). Duncan Berry five have been on every year. They are:
has also left as CEO of GE Renewable Energy’s
■ BlackRock’s Rory O’Connor
specialist blade arm LM Wind Power.
■ GCube’s Fraser McLachlan
We have seen influential figures from the utility
world moving on too, including Henrik Poulsen ■ Green Giraffe’s Jerome Guillet
(Ørsted), Isabelle Kocher (Engie), Joao Manso ■ Greencoat’s Richard Nourse
Neto (EDP Renovaveis) and Mark Gainsborough
(Shell), with Vattenfall’s Gunnar Groebler leaving ■ Mainstream’s Eddie O’Connor
in May 2021.
These individuals may operate in different parts
It is impossible to give simple reasons why so of the sector, from development and investment
many top people have moved on since our last to insurance, but it is no small feat to stay at the
European Power List – each case is unique – but leading edge of their part of the sector year in,
we see two trends here. year out. With so much change at the top of
European wind, their leadership and steadying
In some cases, they moved on because they had presence will continue to be vital in the 2020s.
held the role for a long time and it felt they had
achieved what they wanted, and could leave their
company in a strong financial position. In other
cases, their company came under increased
pressure due to trends such as increased cost-
cutting and consolidation in the industry. These
are both trends that can be related to the global
success and maturation of renewables.
9
KEY TRENDS
Offshore wind and finance keep the UK on top
European capitals may be looking to draw play an important role in the industry despite a
financial services firms away from the UK and domestic downturn in the onshore and offshore
London after Brexit, but the UK has retained its wind markets - although a new offshore wind
strong presence in the European Power List due tender gives hope.
its offshore wind and finance centres.
In addition, Spain rose to fourth place with
Thirty-four of the top 100 are based in the UK ten entrants because of the resurgence in the
(see graph 1) – and with good reason. Spanish onshore wind market; and France slipped
as a result of slow progress on its large offshore
In 2020, it was the location of the world’s largest projects. Poland will also emerge as a hotspot in
ever offshore wind project finance deal, when future years.
Equinor and SSE Renewables took their 2.4GW
Dogger Bank A and B to its £5.5bn financial UK 34
close in November after securing funds from 29 Germany 14
banks and three export credit agencies. They Denmark 11
followed this in December by selling a 20% stake
Spain 10
in the project to Italian oil giant Eni for £405m,
France 9
which enabled Eni to enter offshore wind. It is
a strategically important development for the Ireland 5
offshore wind sector as a whole. Norway 4
Netherlands 3
In addition, the UK government’s commitment to
Sweden 3
40GW offshore wind by 2030 and The Crown
Estate’s latest seabed leasing round shows the Italy 2
attraction will continue. Poland 2
Switzerland 2
However, the European Power List is about
Portugal 1
far more than just the UK. Germany held its
position as the second biggest-hitting market on
the European Power List with 14 entrants, which Graph 1
shows that German companies continue to Countries represented in the top 100
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investors with access to equity and debt opportunities in the
international renewable energy market.
Luxcara Phone +49 40 60 56 410
Große Bleichen 31 contact@luxcara.com
D-20354 Hamburg www.luxcara.comKEY TRENDS
Oil companies drive into top 20
One of the most important trends we are seeing Utility 25
in Europe is the fight from oil and gas giants to Investor / investment
manager 24
get into offshore wind. BP, Eni, Shell and Total all
revealed energy transition strategies last year as Developer 19
they follow counterparts such as Equinor. Manufacturer 10
Bank 9
But their inclusion in this table is about deals
Advisor 7
more than strategies.
Digital 3
Eni entered offshore wind by buying into the Corporate 2
Dogger Bank A and B projects in 2020, while Energy trader 1
Total bought a 51% stake in Seagreen 1 and
became a 20% shareholder in the Eolmed floating
Graph 2
development; Shell won the 759MW Hollandse
Company type
Kust Noord subsidy-free tender with Eneco;
and BP is expanding in offshore wind in the UK
and the US. This has secured all of these firms a
placing in the top 30 as their influence grows. Infrastructure Partners and the Green Investment
Group; and then developers (19), which is down
Overall, utilities remain the best-represented from 21 in the 2019 report and reflects the
group in the European Power List with 25 people difficulty of developing projects in key markets.
(see graph 2), which shows their continued
importance in development. While oil giants are looking to use their financial
clout to enter offshore wind, we still see that
The next largest group is investors and other investors and smaller developers remain
investment managers (24), which is up from 19 in key movers in the market. If oil giants make good
the 2019 report and reflects the growing global on their plans, we may see more from them in
influence of fund managers such as Copenhagen the European Power List in future years.
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Onshore-only players slip back
One notable change from the last European There are also 18 people who work solely in
Power List in 2019 and this year’s table is the offshore wind – both fixed-foundation and the
decline in experts who are solely active in floating sector – which is up from 14 in 2019.
onshore wind. This is another great show of strength for
offshore wind.
Only one-quarter (26) of the top 100 focus on
onshore wind (see graph 3), which is a steep However, this comes with a warning. If Europe is
drop from the 36 who did so in 2019. We put to hit its long-term carbon reduction goals, then
this down to difficulties in winning permits for offshore wind can’t do it alone. The continent
new onshore wind farms in countries including needs a solid onshore wind sector too, and is
Germany and France; and growing resistance an area where more could be done to remove
facing wind in Nordic countries Norway and policy roadblocks.
Sweden, which have been the location for many
of Europe’s largest onshore wind developments.
This makes it tough for pure onshore wind Both 56
developers to stand out, but the presence of Onshore 26
players such as OX2 Wind, Svevind and Ventient Offshore 18
Energy shows it can be done.
Graph 3
By contrast, we see 56 of our top 100 are active
Onshore/offshore focus
in both onshore and offshore, which is up from
50 in 2019. This shows that more top players
are being attracted by falling risks in offshore
wind, and see both sectors as important to their
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Gender balance in top 100 matches industry
In the European Power List, we look to celebrate But it is in line with research from the
the men and women who make the biggest International Renewable Energy Agency in January
contributions to onshore and offshore wind. 2020 showing that women represent 21% of
the global wind workforce. This is compared to
As the sector exits the Covid-19 crisis, strong 32% female representation across the renewable
leadership is more important than ever and we energy sector as a whole.
believe this is best done with diverse management
teams. Therefore, we look to ensure our top 100 We hope that these figures challenge companies
is as diverse as it can be while accurately reflecting in the wind sector to think whether there is more
who has the most influence in the sector. they could do to support entry into the wind
industry from the broadest range of individuals
Twenty-two of our top 100 are women, of which possible. Wind has gone global and so companies
seven are new to the top 100 this year. We need to bring in the best people irrespective of
have also seen some of European wind’s most background. This figure should also prompt firms
high-profile women leave the sector or move to ask if there is more they could do to support
to less wind-focused jobs since 2019, including talented women to move into top roles.
MUFG’s Carol Gould, Engie’s Isabelle Kocher and
BlackRock’s Teresa O’Flynn. We will return to this issue in a dedicated report
later in 2021.
That is below the 30% target of female
representation on boards and management teams
that is cited by organisations such as the 30%
Club as the minimum to ensure a broad range of
opinions are used to shape company strategies.
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www.primecapital-ag.comThe European Power List 2021
EMMA TINKER
100 BOB PSARADELLIS
CEO, Renewable Power Capital 90 Chief Investment Officer,
Asper Investment Management
NEW Psaradellis was named CEO of RPC, which is a
58 Co-founded HgCapital spin-off Asper in 2016
ENTRY new European offshoot of CPPIB, in late 2020.
and is instrumental to its investment strategy.
99 MICHAEL WALDNER
CEO, Pexapark 89 JONAS CORNE
CEO, Greenbyte
NEW Founded Pexapark and led the firm as it has NEW Playing a key role in helping owners to optimise
ENTRY built a strong record in green off-take deals. ENTRY assets and break down wind's data barriers.
RAPHAEL LANCE
98
KATY HOGG
Global Director of Wind Projects, BayWa r.e. 88 Head of Energy Transition Funds, Mirova Asset
Management
Heads the global wind arm of Germany's BayWa r.e. NEW
50 Joined Mirova in 2009 and leads funds including
which plans to expand into floating wind. ENTRY
a €857m vehicle closed in late 2019.
ROLAND DORIG
97
BRUCE HALL
CEO, Onyx InSight 87 Founding Managing Partner,
Energy Infrastructure Partners
Hall is CEO at Onyx InSight, which acts on NEW
99 Has been at EIP, which recently spun out of Credit
wind O&M and is a leading voice in digitalisation. ENTRY
Suisse, since 2014. Leading investor in Nordic wind.
CHRISTOS KOLLIATSAS MIRUNA ONOFREI
96 Global Director of Offshore Wind, UL
Joined UL from Mott MacDonald in early 2020
86 Director, BNP Paribas
Played a key role in taking the 3.6GW Dogger
82 bringing significant offshore wind expertise. 94 Bank complex to its £5.5bn financial close.
GEORG HOEFLER
95
FRASER MCLACHLAN
CEO, GCube Insurance Services 85 Head of Renewables Transactions,
Allianz Capital Partners
Founded renewables insurer GCube in 2007, NEW
93 Leading the renewable energy team at Allianz
and led its sale to Tokio Marine HCC last year. ENTRY
Capital Partners.
LUIS ADAO DA FONSECA
94 Co founder / Partner,
Exus Management Partners
84 BRUCE RILEY
MD, Infrastructure & Project Finance, Natwest
NEW NEW Leads clean energy project finance, which was
Founded Exus in 2014 and the company now
ENTRY ENTRY key to the close of the 3.6GW Dogger Bank.
manages 5.5GW of assets for its investors.
93 OMID ASHRAFI
Managing Partner, Newsec Infra 83
MARKUS LESSER
CEO, PNE AG (Pure New Energy)
NEW Set up Newsec Infra in 2007 and has since Started building 461MW of wind in 2020 and
concluded deals of €4bn in the Nordics. 66 is looking to expand in solar and storage too.
ENTRY
JONAS PERSSON
92 FERNANDO SAMPER
Chairman, Forestalia 82 MD & Global Head of Energy & Utilities,
Lloyds
NEW Teamed up with CIP in 2020 to develop up to NEW Heads utilities for UK bank Lloyds, which was
ENTRY 1GW of onshore wind farms in Spain. ENTRY
central in financing the 3.6GW Dogger Bank.
JENNY BLACKFORD
91 LOUISE RASMUSSEN
Partner, FIH Partners 81 Head of Project Finance, EMEA, Energy Sector,
Siemens Financial Services
NEW Joined Copenhagen-based FIH Partners in 2006 NEW Leads an experienced team focused on
ENTRY and leads on its activities in the wind sector. ENTRY
originating and structuring deals in offshore wind.
18THE LIST
DOMINIK THUMFART
80 MD & Head of Infrastructure &
Energy Origination, Deutsche Bank
75 IAN MCFEELY
President, Maple Power
NEW Leads this Enbridge-CPPIB joint venture on a
68 Led Deutsche Bank in major deals, including
ENTRY host of European offshore wind developments.
funding at the 605MW Changhua 1 in Taiwan.
79
JOAR VIKEN
CEO, NBT 74 TONI VOLPE
CEO, Falck Renewables
Key to the growth of wind in Ukraine, where NEW Teamed up with Italian oil giant Eni in 2020 to
91 is is now building the 800MW Zophia project. develop 1GW in the US by the end of 2023.
ENTRY
ALEJANDRO CIRUELOS
78 MD, Renewable Energy,
Sustainable Development Capital 73
PAUL DE LA GUERIVIERE
CEO, Ideol
NEW Floating pioneer that has agreed to sell a 50%
Ex-Santander man who led the £2.5bn debt 76
ENTRY stake to BW Offshore for €60m to boost growth.
refinancing of the Moray East offshore project.
DANIEL VON PREYSS
77 Head of Private Equity/Infrastructure, Impax
Daniel joined Impax in 2009 and heads the
72
ALLAN BAKER
MD & Global Head of Power, Societe Generale
NEW A 30-year veteran of the power sector who
Impax private equity and infrastructure RE-ENTRY
ENTRY heads an influential offshore wind finance team.
business.
LUCY HEINTZ MARIKA FREDRIKSSON
76 Partner & Head of Renewables, Actis
Heintz leads Actis energy fund 5, and is chair
71 EVP of Finance & CFO, Vestas
Plays a vital role in steering global turbines
62 of its portfolio firms Lekela and Aela Energy. 86 giant Vestas through a fast-changing market.
W in d: O p e ra t io na l Co r p o ra te O f f ice s
W in d: D e ve l o p m e n t D e ve l o p m e n t O f f ice sQ&A Interview:
Nigel Slater
Nigel Slater, Managing Director, Development - Europe at Toronto-headquartered Northland Power says the acquisition
of the company’s first land-based renewables project in Europe, as well as the upcoming German power auctions, are
among the main priorities this year.
Northland Power recently acquired a stake in the Baltic Power offshore wind project
in Poland, what was the thinking behind that?
Poland is a new, emerging market and this The market is increasingly competitive. What
attracted us. It has good macroeconomic has typically happened in Poland is that domestic
fundamentals – increasing demand for power and developers have started projects and then look
the rate of economic growth. There is also cross- for a foreign investor with the experience to help
party support for offshore wind – Polish energy deliver them. That is what we are doing with
policy has pivoted quite substantially towards PKN Orlen.
renewable generation.
Why does Northland want to expand in Europe?
Europe, along with Asia, is one of the two We’ve got assets in Germany and we’ll look
biggest focusses for offshore wind, though we there again. The German auction starts again
also have an investment in an offshore wind in September. We have step-in rights and we
project in Canada. While there is more growth expect to use those. We look at other markets,
potential in Asia than other continents, Europe but we’re selective about which we develop in
is well poised for additional growth. You’re and which auctions we participate in. We like
seeing pronouncements from governments, and auction designs where you can develop your own
from Brussels, about decarbonization and green projects and the classic model for that is the UK-
recovery. These are spurring existing markets in style CFD structure.
Europe, and new emerging markets, to increase
offshore wind goals and targets.
The company has a major focus on offshore wind - it plans to invest $15-20 billion in
new renewable projects, anchored by offshore wind, over the next five years – why?
If you get a gigawatt of offshore wind, that’s We want deals that make sense – sometimes it’s
earnings you can create in the future - it would take solar, sometimes onshore. We hope to acquire
more human resources and more time to generate the first set of land-based development projects in
that volume of opportunity from the land base. We Europe later this year. But offshore is a priority.
remain committed to other renewable energies -
we have solar sites in Canada and we’re wrapping We’ll also look at energy storage – possibly as a
up construction of a solar project in Mexico. hybrid combination with some form of generation –
and hydrogen.
20THE LIST
70 MICHAL MICHALSKI
CEO, Polenergia 60 JAMES KNIGHT
Partner, Augusta & Co
NEW Playing a vital role in driving Polenergia into NEW Leads on complex deals, including the sale of
ENTRY wind, including offshore wind with Equinor. ENTRY 80% of Fortum's 500MW Nordic wind arm.
NATHALIE OOSTERLINCK RUTH KENT
69 Head of Special Projects, DEME Group
Joined DEME Group in 2020 after overseeing
59 Managing Partner, Brookfield
COO of Brookfield's renewables arm and led
38 the 487MW SeaMade project in Belgian waters. 37 the integration of TerraForm Global.
68 JOHAN NORDANG
Investment Director, AIP 58
HENRIK STIESDAL
CEO, Stiesdal Offshore Technologies
NEW Experienced Investor in offshore wind for AIP, Pioneering turbine inventor who continues to
which is part of Danish pensions giant PKA. 67 innovate in floating foundation technology.
ENTRY
NIGEL SLATER DANIELLE LANE
67 MD, Development Europe, Northland Power
Heads up all development for Northland across
57 Head of Offshore Market Development &
UK Country Manager, Vattenfall
NEW Europe, including the Baltic Power 1.2GW JV in Plays a key role in developing offshore wind
89
ENTRY
Poland with PKN Orlen. markets, both within Vattenfall and at OWIC.
JEAN PHILIPPE ADAM
66
GUY MADGWICK
CEO, Red Rock Power 56 Senior Country Manager, Spain & Portugal,
Natixis
Active in onshore and offshore wind, including NEW
35 Acted on the £380m green bond financing of
the 1GW Inch Cape project alongside ESB. ENTRY
the 50MW Kincardine floating wind project.
MARK JONES
65 CEO, Ventient Energy
Concluded the acquisition of 726MW
55 STEPHEN RILEY
CEO, Cubico Sustainable Investments
NEW Riley leads renewables investor Cubico, which
80 Portuguese wind operator Iberwind in mid-
ENTRY invests for PSP and Ontario Teachers.
2020.
64 AINHOA ANDA
Senior Lead, Energy Strategy, Google 54
MONIKA MORAWIECKA
President, PGE Baltica
NEW Paris-based Anda is playing a central role Google's Instrumental as PGE has joined forces with PKN
100% renewable energy efforts in Europe. 53 Orlen for 3.7GW of Polish offshore projects.
ENTRY
DAVID TILSTONE
63 KENNETH MATTHEWS
Head of Energy, EMEA, Amazon 53 Managing Director,
Macquarie Infrastructure & Real Assets
NEW Plays a key role at Amazon, which is the world's NEW Renewables Sector Head for MIRA’s EMEA
ENTRY largest corporate off-taker of green power. ENTRY business and responsible for their recently raised
€1.6billion global renewables fund.
VINCENT FROMONT LARS BONDO KROGSGAARD
62 CEO, Eolfi
Became President of floating wind developer
52 CEO Onshore Wind, Siemens Gamesa
Former Nordex CEO who took over as head of
78 Eolfi in 2019, led its sale to Shell and RE-ENTRY onshore wind at Siemens Gamesa in late 2020.
integration in 2020.
GERNOT BLANKE WOLFGANG KROPP
61 CEO, Wpd
Has been leading Wpd in a range of onshore
51 CEO, Svevind
Orchestrating the 4GW Markbygden cluster in
45 and offshore projects, from Finland to Taiwan. 25 Sweden, which is made of 1,101 turbines.
21THE LIST
DIRK GUSEWELL XAVIER BARBARO
50 Head of Generation Portfolio Development,
EnBW 40 CEO, Neoen
French developer that has established itself as
59 Gusewell led his team to build 'Germany's 55 a leader in pairing wind with battery storage.
largest independently-funded solar park'
49 MOMME JANSSEN
CEO, Enercon 39
LINDSAY MCQUADE
CEO, Scottish Power Renewables
NEW Named CEO at manufacturer Enercon In In charge of UK wind farms totalling 2.5GW,
November as Hans-Dieter Kettwig retired. 32 and working on the 3.1GW East Anglia Hub.
ENTRY
CHRISTINA SORENSEN
48 MARY QUANEY
CEO, Mainstream Renewable Power 38 Senior Partner,
Copenhagen Infrastructure Partners
NEW Took over as CEO in 2020 to lead on the 1.9GW
3 Highly regarded for her work at CIP, in which
ENTRY it has in construction and its 10GW pipeline.
Vestas bought a 25% stake in December 2020.
47
IVOR CATTO
CEO, RES 37 GRZEGORZ GORSKI
COO, OW Ocean Winds
RES finished 2.2GW of renewable projects NEW Engie executive representing the firm in its
42 globally in 2020, and sold its Björnberget project. offshore wind joint venture with EDP Renewables.
ENTRY
46
RICHARD NOURSE
Managing Partner, Greencoat Capital 36 SPYRIDON MARTINIS SPETTEL
CEO, OW Ocean Winds
Set up Greencoat, which now has £5.5bn NEW EDP Renewables executive representing the firm
84 assets under management. in its offshore wind joint venture with Engie.
ENTRY
SUSANNE WERMTER ED NORTHAM
45 Group Head, Energy & Infrastructure EMEA,
Aquila Capital 35 Senior MD & Head of Europe,
Green Investment Group
27 Since joining in 2013, Susanne has amassed a 31 Well-known figure in Macquaire’s GIG, which
transaction value in excess of EUR 4.5bn. last year completed the 714MW East Anglia 1.
44
HEIKO LUDWIG
Global Head, Nord LB 34 MIGUEL STILWELL DE ANDRADE
CEO, EDP Renovaveis
Global head of the bank's structured finance NEW Appointed chairman of the EDP Renewables
87 arm and an important mover in onshore wind. board and the company's CEO in January 2021.
ENTRY
STEPHEN JENNINGS
43 OLIVIER FONTAN
President & CEO, LM Wind Power 33 Head of Energy & Natural Resources EMEA,
MUFG
NEW Took over as CEO of blade specialist LM Wind NEW Heads energy and natural resources in EMEA
ENTRY Power, which is part of GE, in February 2020. ENTRY
for key onshore and offshore lender MUFG.
PAUL STORMOEN CHRISTIAN RYNNING-TØNNESEN
42 CEO, OX2 Wind
Nordic developer that has led Europe by installing
32 CEO, Statkraft
Europe's largest renewables generator and
61 1.6GW of new onshore wind since 2015. RE-ENTRY recently teamed up with Aker on offshore wind.
MICHAEL VAN DER HEIJDEN JOOST BERGSMA
41 Managing Director,
Amsterdam Capital Partners 31 Managing Partner & CEO, Glennmont Partners
Founding partner of Glennmont, which is set
39 Acted on deals including CDPQ's acquisition of RE-ENTRY to close a sale to investor Nuveen in Q1 2021.
a stake Taiwan's 605MW Changhua 1 project.
22THE LIST
HELLE ØSTERGAARD KRISTIANSEN
30 CEO, Danske Commodities
Has been CEO at Danske Commodities since
20
ALEXANDRA VON BERNSTORFF
Senior Managing Partner, Luxcara
NEW Co-founded Luxcara in 2009 and has grown it
2019 and led its move into offshore wind 18
ENTRY to a 2GW portfolio valued at €3bn.
PPAs.
EDDIE O'CONNOR
JOSE LUIS BLANCO DIEGUEZ
29 CEO, Nordex
Helping Nordex navigate difficulties in German
19 Founder & Chairman,
Mainstream Renewable Power
46 49 Founder of Mainstream, who recently oversaw
wind by securing 6GW of orders in 2020.
the sale of a 75% stake to Aker Horizons.
28 CLAUDIO DESCALZI
CEO, Eni 18
JEROME GUILLET
Managing Director, Green Giraffe
NEW Led Italian oil giant Eni into offshore wind by Long track record of bringing complex wind
buying 20% of the 3.6GW Dogger Bank project. 17 transactions to financial close across Europe.
ENTRY
27 JOHN LAVELLE
CEO, Offshore Wind, GE Renewable Energy 17 ANYA HOFF
VP of Offshore Wind Growth, BP
NEW Heads offshore wind at GE, which is deploying NEW Responsible for leading UK-headquartered oil
ENTRY the Haliade-X at the 3.6GW Dogger Bank. ENTRY giant BP into offshore wind worldwide.
26 SVEN UTERMOHLEN
COO Offshore Wind, RWE Renewables 16
JONATHAN COLE
Managing Director, Iberdrola Renewables
NEW Heads offshore wind for RWE Renewables, One of the biggest names in offshore wind, with
including the Triton Knoll and Kaskasi schemes. 16 projects such as the £3.1bn East Anglia Hub.
ENTRY
RAFAEL MATEO MARK DOOLEY
25 CEO, Acciona Energy
Longstanding head of Spain's Acciona Energy,
15 Global Head, Green Investment Group
Led GIG as it invested more than £2.9bn in its
54 which owns 10GW of wind and solar assets. 12 global portfolio of projects throughout 2020.
MARTIN NEUBERT
STEPHEN BULL
24 SVP, Equinor
Bull is set to leave Equinor in summer to
14 Deputy CEO & Chief Commercial Officer,
Ørsted
Recently named deputy CEO and head of
20 become EVP of renewables at Aker Solutions. 7 a restructured arm for offshore wind and
hydrogen.
JIM SMITH RORY O'CONNOR
23 Managing Director, SSE Renewables
Building UK's largest offshore and onshore
13 Global CIO of Renewables, BlackRock
Leads investment and portfolio management
79 wind projects: 3.6GW Dogger Bank and 11 for BlackRock's renewables arm in Europe.
443MW Viking.
JAKOB BARUEL POULSEN
KIRSTINE DAMKJAER
22 CEO, EKF
Re-joined Danish export credit agency EKF,
12 Managing Partner,
Copenhagen Infrastructure Partners
13 RE-ENTRY Poulsen topped our 2020 Green Fund Power
which is a key investor in offshore wind, in 2019.
List, and led the sale of a 25% stake to Vestas..
21 MATHIAS BIMBERG
Head of Infrastructure, Prime Capital 11
ANDREAS NAUEN
CEO, Siemens Gamesa
NEW Heads infrastructure at Prime, which invests in Stepped up as CEO of turbines giant Siemens
projects using Siemens Gamesa turbines. 41 Gamesa in June 2020 after Markus Tacke's exit.
ENTRY
23THE LIST
PHILIPPE SAUQUET
10 Head of Gas, Renewables and Power, Total
Sauquet has made it into our top ten after French oil giant Total stepped up its plans in offshore wind and green
NEW ENTRY hydrogen. Its main moves have included entering floating wind with deals off the UK coast, and triumphing in the
UK’s 2021 seabed tender.
ELISABETH BRINTON
9 EVP of New Energies, Shell
Brinton became head of Shell’s new energies team in 2020 to lead growth in sectors including wind. In offshore
NEW ENTRY wind, it won the 759MW Hollandse Kust Noord tender in The Netherlands with Eneco in 2020, and is eyeing
floating wind after buying Eolfi.
KEITH ANDERSON
8 CEO, Scottish Power
Anderson is a vocal advocate for UK wind in the year of COP26 talks in Scotland, as well as chairing CBI Scotland.
1 Last year, the company completed the £2.5bn 714MW East Anglia 1 wind farm off the UK’s east coast with the
Green Investment Group.
ANJA-ISABEL DOTZENRATH
7 CEO, RWE Renewables
Dotzenrath became CEO of E.On Climate & Renewables in 2017 and became CEO of RWE Renewables in
5 October 2019 following its merger with fellow German utility giant RWE, which completed in 2020. A key player
in wind in Europe and beyond.
HENRIK ANDERSEN
6 CEO, Vestas
Andersen took over as Vestas CEO from Anders Runevad in August 2019, and was steering the company through
NEW ENTRY Covid-19 just seven months later. During his time, he has led deals including the purchase of 25% of Copenhagen
Infrastructure Partners.
ALISTAIR PHILLIPS-DAVIES
5 CEO, SSE
Phillips-Davies has returned to our European top 100 following the stunning financial close of its £5.5bn Dogger
RE-ENTRY Bank A and B with Equinor, and its planned €6bn offshore wind drive in Ireland. He has also emerged as a key
player lobbying for UK wind.
MADS NIPPER
4 CEO, Ørsted
Nipper has been looking to fill some big shoes as he took over from Henrik Poulsen as Ørsted’s CEO in
NEW ENTRY September 2020. However, he deserves his position as he looks to steer Ørsted in a growing offshore market
under tough pressure from oil giants.
JEROME PECRESSE
3 President & CEO, GE Renewable Energy
Pecresse has led GE Renewable Energy as it has pinned its offshore hopes on the giant 14MW Haliade-X platform,
8 which last year won the order to supply the 2.4GW Dogger Bank A and B. GE is supplying Europe’s largest
onshore wind project too.
PAL EITRHEIM
2 EVP of New Energy Solutions, Equinor
Eitrheim has headed new energy solutions at oil giant Equinor since 2018, and he entered the limelight in 2020 as
NEW ENTRY it reached the £5.5bn close of the 2.4GW Dogger Bank A and B with SSE. This is part of the mammoth 3.6GW
Dogger Bank complex. It is also growing in offshore wind in the US and Poland.
25THE LIST
1
Ignacio Galan
Chairman & CEO
Iberdrola
Ignacio Galan topped our first ranking of the 100 portfolio in Sweden; 50% of the developer Sea
most influential people in European wind in 2012. Wind, which has a 7.3GW project portfolio and
It is testament to his leadership and longevity that enabled Iberdrola to enter the nascent Polish
he is back at the top of the European Power List offshore wind market; a major stake in Australia’s
ten years on. Infigen; and US utility PNM Resources, via
Iberdrola’s US subsidiary Avangrid.
This is partly due to his long-term vision. Ten
years ago, wind was still regarded as a costly In total, Iberdrola is looking to invest €150bn over
oddity by many utilities, including giants in the the 2020s to triple its renewables capacity and
oil and gas industry. Now those same giants double its network assets. It currently has 17GW
have been committing to ‘green recovery’ plans in construction from its 74.4GW project pipeline,
following the Covid-19 pandemic, and growing of which it added 25GW in 2020.
demand for action on the climate crisis from
politicians and the public. This has vindicated his Meanwhile, in offshore wind, it has 1.3GW in
early moves into the sector in stunning fashion. operation, including the 714MW East Anglia 1 and
350MW Wikinger. It now has a further 2.6GW
Yet looking back is not the main reason that we under construction with an additional 9GW ready
have included Galan at the pinnacle of this year’s for construction, and an offshore wind pipeline of
European Power List. He is our number one 20GW. This includes its stake in the high-profile
because he has led a host of major acquisition US project Vineyard Wind 1 (800MW), as well
deals over the last year as he has driven Iberdrola as the 804MW Kitty Hawk and 1.3GW Liberty
to increase its global reach, and invest its way out Wind. It’s an impressive roster.
of the world’s Covid-inspired economic slump.
And it is seeking to expand in emerging sectors
The company’s 2020 results, announced in including energy storage, green hydrogen, and
February, give us a sense of this growth trajectory. electric vehicles too. It has joined forces with
The company reported record investments of Porsche in Spain.
more than €9.2bn in its 2020 financial year, and
posted a net profit of €3.6bn. Finally, the company concluded its largest green
bond issue, of €3bn, in October. In short,
Its acquisitions in the last year have included Iberdrola has cemented its status as a ‘green
a majority stake in Swedish developer Svea supermajor’, and this is in large part due to the
Vind Offshore, which has a 9GW development energy and vision of Galan.
26THE EUROPEAN POWER LIST 2021 IN FULL
RANK NAME POSITION COMPANY
1 Ignacio Galan Chairman & CEO Iberdrola
2 Pal Eitrheim EVP of New Energy Solutions Equinor
3 Jerome Pecresse President & CEO GE Renewable Energy
4 Mads Nipper CEO Ørsted
5 Alistair Phillips-Davies CEO SSE
6 Henrik Andersen CEO Vestas
7 Anja-Isabel Dotzenrath CEO RWE Renewables
8 Keith Anderson CEO Scottish Power
9 Elisabeth Brinton EVP of New Energies Shell
10 Philippe Sauquet Head of Gas, Renewables and Power Total
11 Andreas Nauen CEO Siemens Gamesa
12 Jakob Baruel Poulsen Managing Partner Copenhagen Infrastructure Partners
13 Rory O'Connor Global CIO of Renewables BlackRock
14 Martin Neubert Deputy CEO & Chief Commercial Officer Ørsted
15 Mark Dooley Global Head Green Investment Group
16 Jonathan Cole Managing Director Iberdrola Renewables
17 Anya Hoff VP of Offshore Wind Growth BP
18 Jerome Guillet Managing Director Green Giraffe
19 Eddie O'Connor Founder & Chairman Mainstream Renewable Power
20 Alexandra Von Bernstorff Senior Managing Partner Luxcara
21 Mathias Bimberg Head of Infrastructure Prime Capital
22 Kirstine Damkjaer CEO EKF
23 Jim Smith Managing Director SSE Renewables
24 Stephen Bull SVP Equinor
25 Rafael Mateo CEO Acciona Energy
26 Sven Utermohlen COO Offshore Wind RWE Renewables
27 John Lavelle CEO, Offshore Wind GE Renewable Energy
28 Claudio Descalzi CEO Eni
29 Jose Luis Blanco Dieguez CEO Nordex
30 Helle Østergaard Kristiansen CEO Danske Commodities
31 Joost Bergsma Managing Partner & CEO Glennmont Partners
32 Christian Rynning-Tønnesen CEO Statkraft
33 Stephen Jennings Head of Energy & Natural Resources EMEA MUFG
34 Miguel Stilwell de Andrade CEO EDP Renovaveis
35 Ed Northam Senior MD & Head of Europe Green Investment Group
36 Spyridon Martinis Spettel CEO OW Ocean Winds
37 Grzegorz Gorski COO OW Ocean Winds
38 Christina Sorensen Senior Partner Copenhagen Infrastructure Partners
39 Lindsay McQuade CEO Scottish Power Renewables
40 Xavier Barbaro CEO Neoen
41 Michael Van Der Heijden Managing Director Amsterdam Capital Partners
42 Paul Stormoen CEO OX2 Wind
43 Olivier Fontan President & CEO LM Wind Power
44 Heiko Ludwig Global Head Nord LB
45 Susanne Wermter Group Head, Energy & Infrastructure EMEA Aquila Capital
46 Richard Nourse Managing Partner Greencoat Capital
47 Ivor Catto CEO RES
48 Mary Quaney CEO Mainstream Renewable Power
27EUROPEAN POWER LIST 2021 THE FULL LIST
49 Momme Janssen CEO Enercon
50 Dirk Gusewell Head of Generation Portfolio Development EnBW
51 Wolfgang Kropp CEO Svevind
52 Lars Bondo Krogsgaard CEO Onshore Wind Siemens Gamesa
53 David Tilstone Managing Director Macquarie Infrastructure & Real Assets
54 Monika Morawiecka President PGE Baltica
55 Stephen Riley CEO Cubico Sustainable Investments
56 Jean Philippe Adam Senior Country Manager, Spain & Portugal Natixis
Head of Offshore Market Development & UK
57 Danielle Lane Vattenfall
Country Manager
58 Henrik Stiesdal CEO Stiesdal Offshore Technologies
59 Ruth Kent Managing Partner Brookfield
60 James Knight Partner Augusta & Co
61 Gernot Blanke CEO Wpd
62 Vincent Fromont CEO Eolfi
63 Kenneth Matthews Head of Energy, EMEA Amazon
64 Ainhoa Anda Senior Lead, Energy Strategy Google
65 Mark Jones CEO Ventient Energy
66 Guy Madgwick CEO Red Rock Power
67 Nigel Slater MD, Development Europe Northland Power
68 Johan Nordang Investment Director AIP
69 Nathalie Oosterlinck Head of Special Projects DEME Group
70 Michal Michalski CEO Polenergia
71 Marika Fredriksson EVP of Finance & CFO Vestas
72 Allan Baker MD & Global Head of Power Societe Generale
73 Paul De la Gueriviere CEO Ideol
74 Toni Volpe CEO Falck Renewables
75 Ian McFeely President Maple Power
76 Lucy Heintz Partner & Head of Renewables Actis
77 Daniel Von Preyss Head of Private Equity/Infrastructure Impax
78 Alejandro Ciruelos MD, Renewable Energy Sustainable Development Capital
79 Joar Viken CEO NBT
80 Dominik Thumfart MD & Head of Infrastructure & Energy Origination Deutsche Bank
81 Jenny Blackford Head of Project Finance, EMEA, Energy Sector Siemens Financial Services
82 Jonas Persson MD & Global Head of Energy & Utilities Lloyds
83 Markus Lesser CEO PNE AG (Pure New Energy)
84 Bruce Riley MD, Infrastructure & Project Finance Natwest
85 Georg Hoefler Head of Renewables Transactions Allianz Capital Partners
86 Miruna Onofrei Director BNP Paribas
87 Roland Dorig Founding Managing Partner Energy Infrastructure Partners
88 Raphael Lance Head of Energy Transition Funds Mirova Asset Management
89 Jonas Corne CEO Greenbyte
90 Emma Tinker Chief Investment Officer Asper Investment Management
91 Louise Rasmussen Partner FIH Partners
92 Fernando Samper Chairman Forestalia
93 Omid Ashrafi Managing Partner Newsec Infra
94 Luis Adao da Fonseca Co founder / Partner Exus Management Partners
95 Fraser McLachlan CEO GCube Insurance Services
96 Christos Kolliatsas Global Director of Offshore Wind UL
97 Bruce Hall CEO Onyx InSight
98 Katy Hogg Global Director of Wind Projects BayWa r.e.
99 Michael Waldner CEO Pexapark
100 Bob Psaradellis CEO Renewable Power Capital
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