Market Operations Sr Associate

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

The Market Operations Sr Associate will support EDPR’s asset backed and prop trading activities in North America environmental commodities markets. You will support all activities related to the company’s portfolio of environmental commodities, including business development, analysis, reporting, the negotiation of contracts, creation of hedge positions, and delivery of products to customers. The work will directly aid executives by providing long-term revenue visibility and will focus on consistent execution of commitments to counterparties as well as on the creation of value-adding strategies for the company’s portfolio of environmental commodities. You will also analyze market and regulatory trends to aid decision-makers in identifying the most value-adding revenue strategy for the company’s REC portfolio. In addition, you will support the deployment and implementation of internal and external technology solutions for position management (inventory, obligations, exposure). As a secondary focus, this role will also assist with Energy Management deal structuring and short-term Power Purchase Agreement (PPA) negotiations for existing assets.

Role Overview:

The Market Operations Sr Associate will support EDPR’s asset backed and prop trading activities in North America environmental commodities markets. You will support all activities related to the company’s portfolio of environmental commodities, including business development, analysis, reporting, the negotiation of contracts, creation of hedge positions, and delivery of products to customers. The work will directly aid executives by providing long-term revenue visibility and will focus on consistent execution of commitments to counterparties as well as on the creation of value-adding strategies for the company’s portfolio of environmental commodities. You will also analyze market and regulatory trends to aid decision-makers in identifying the most value-adding revenue strategy for the company’s REC portfolio. In addition, you will support the deployment and implementation of internal and external technology solutions for position management (inventory, obligations, exposure). As a secondary focus, this role will also assist with Energy Management deal structuring and short-term Power Purchase Agreement (PPA) negotiations for existing assets.

Main responsibilities:

• Originate, negotiate and close futures contracts for REC positions consistent with EDPR RECs sales/trading strategy.
• Manage inventory and fulfillment of REC delivery obligations to compliance and voluntary customers
• Create reports to communicate position metrics to EDPR executive management and Global Energy Management (GEM) recurrent committees.
• Gather market intelligence and analyze how changes in US regulatory environment or the electricity market may positively and/or negatively impact EDPR’s portfolio
• Develop appropriate data, market intelligence, and analysis to advise GEM team on long-term REC pricing trends.
• Support the deployment and implementation of technology solutions for efficient management of the company’s RECs position.
• Support the definition and execution of trading strategies for RECs and/or power, for GEM proprietary book.
• Work closely with risk and compliance teams to ensure proper monitoring of exposure, compliance with internal risk policies, and adherence to regulatory and legal requirements in the environmental commodities markets.
• Support the structuring and contracting of for short-term power purchase (PPAs)
• Interface with other Departments requiring transactional support such as Origination, Finance, Investments and M&A.
• Work as part of a team, participating in special projects/duties as assigned by team leader.
• Additional duties as required

Employment type

Full-time

Work site

On-Site Houston, TX