Terra Firma hires EGP's Wilhelm

Ingmar Wilhelm, head of business development at Italian renewables polymath Enel Green Power, has been poached by UK private-equity firm Terra Firma.

Wilhelm will become financial managing director of Terra Firma's “dedicated renewables team” from January.

The hiring of Wilhelm – a former president of the European Photovoltaic Industries Association lobbying group – further underscores Terra Firma’s aggressive push into renewables, and may hint towards a bigger role for solar energy in the firm's future.

The London-based private-equity firm intends to raise nearly £1bn later this month by floating a significant chunk of UK renewables developer Infinis on the London Stock Exchange.

The flotation is seen as laying the groundwork for Terra Firma to eventually raise several billion euros for a new green-energy infrastructure fund.

Terra Firma also owns US wind developer EverPower, which has more than 500MW of capacity on its books.

Wilhelm, who has been “directly responsible” for overseeing Enel Green Power’s 30GW global renewables pipeline, is only the latest European renewables insider to join the Terra Firma family.

Earlier this year Stefan Thiele – former chairman of German utility EnBW’s renewables arm – joined Terra Firma as operational managing director, while Ian Marchant – former Scottish and Southern Energy chief executive – was recently hired as Infinis chairman.