DIRECTOR OF ASSET MANAGEMENT

EDP Renewables is a global leader in the renewable energy sector and currently operates in more than 25 markets. With eight offices and several sites, at EDP Renewables North America, we are experienced developers and operators of renewable energy. Our portfolio includes wind farms, solar parks, energy storage projects, and green hydrogen solutions throughout the continent. We are ranked among the top 5 in the U.S. in operational renewable energy capacity.
 

Our company is part of EDP, a global energy group present in around 30 markets with a particular emphasis on renewable energies. With more than 45 years of experience, we have been consolidating a relevant presence on the world energy scene based on the commitment to be all-green by 2030, leading the energy transition. With more than 13,000 employees around the world, we are committed to using our energy and heart to drive a better tomorrow.

 

What you will do

• Follow continuous improvement and Lean initiatives across the performance of the fleet by facilitating solutions with input from Engineering, Operations, Performance Analysis, and other internal teams  
• Provide updates to, and seek approval from, the Executive Committee as required based on business activities and special projects 
• Ensure that the appropriate asset management processes and tasks are in place in order to improve overall facility performance and limit risk exposure 
• Track the construction-to-operations turnover process, ensuring that all obligations are met and that the assets will be able to perform at high levels at COD  
• Ensure a smooth transition from development to operations by aligning teams and resources 
• Follow regulatory and compliance requirements of the operational assets 
• Additional duties as required 

Role Overview:

Manages EDPR NA’s projects in the late development and operational phases as the asset owner, providing financial and commercial oversight and ensuring that all commercial, legal, and operational obligations are met. Develops market knowledge in order to enhance asset performance critical to the overall success of the company. Ensures the management framework developed by the asset management team is implemented consistently across the company’s projects. 

Main responsibilities:

• Financial Oversight  
  • Ensure plans are in place for all P&L – related activities 
  • Drive the development of project-level annual budgets and longer-term business plans 
  • Identify the drivers of variations between operational performance and the budget 
  • Develop strategies and plans to close gaps between actuals and the budget 
  • Ensure that annual financial estimates are updated on quarterly basis with in collaboration with Finance 
  • Oversee ad hoc analyses of the historical and forward-looking performance of the assets 
  • Ensure that reporting obligations to financing entities are met 
  • Work with Finance and Accounting personnel to ensure that corporate reporting obligations are met in a timely manner 
• Commercial Oversight 
  • Oversee commercial activities by giving support to commercial deals including Power Purchase Agreements (PPAs), Renewable Energy Credit (REC) sales, and sales of ancillary services 
  • Oversee the resolution of significant agreement issues (i.e., with potential impact greater than $500k) that arise from the operation of the project (e.g., equipment warranties, landowner agreements, PPAs, financing agreements, wind forecasting, tax agreements, interconnection agreements), negotiating when applicable liquidated damages and other settlements clauses 
  • Support the development and implementation of financing agreements as needed 
  • Interface with equity partners to ensure that issues are being resolved and that the asset is operating as intended 
  • Ensure that commercial and governmental obligations are met within the major agreements (e.g., turbine supply, O&M, PPA, tax equity, landowner, and interconnect) 
  • Oversee commercial relationships in order to manage high-level issues across the fleet operating projects 
  • Perform all of the settlement-related matters of the operating assets, including OEMs, PPAs, and merchant assets 
  • Identify and engage relevant staff to resolve issues when milestones are delinquent, or trigger event has occurred 
  • Create and develop market knowledge in order to strategically manage commercial relationships 
  • Communicate with various market balancing authorities as needed 

Employment type

Full-Time

Work site

Houston, Texas - Hybrid

Minimum Requirements:

• Bachelor’s degree in Finance, Engineering, or a related field;