His first task as chairman will be to help raise DKr1bn ($172m), bringing SE Blue Renewables' total funds to DKr3bn, and then to revise its strategy.

SE Blue Renewables was established a year ago as a joint venture between PFA Pension and energy group SE.

Whether the new strategy involves investments in international wind projects is too early to say, but "we will be looking for a new investor", Engel told Danish news daily Borsen.

Engel