SR. ASSET MGMT ASSOCIATE

EDP Renewables is a global leader in the renewable energy sector and the fourth-largest wind energy producer. With a sound development pipeline, first-class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 28 markets.

 

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

At EDP Renewables, we're all about saving the planet and having a blast doing it! We're like superheroes, but instead of capes, we're wearing sustainable energy hats. Our mission? To create a more inclusive, shared, and greener world! We're talking wind power, solar power, and hydro power - all the powers combined to make the world a better place. By 2030, we're aiming to be as green as a field of clovers, and we're not stopping there! We're committed to Changing Tomorrow Now by promoting gender equality, welcoming people of all abilities, bringing different generations together, and celebrating diversity in our workplace. So come on, join us on this epic journey to save the planet!

Role Overview:

The Asset Management Senior Associate will support the commercial oversight for operating assets in the assigned region (between 800 and 2000 MW) and ensure all commercial and governmental obligations are met. You will plan and track asset budgets, develop market knowledge and oversee performance. Additional responsibilities will include supporting the management of commercial relationship with turbine OEMs and O&M service providers and ensuring that the operations strategy and management framework developed by the Asset Management team is implemented consistently across assigned projects.

Main responsibilities:

• Oversee project profit & loss (P&L) activities for assigned assets, identify gaps and provide recommendations to address
• Support the development of project-level annual budgets and creation of longer-term business plans in collaboration with other Asset Operations groups
• Performs budget analyses (such as variance report and reforecast) for the assigned assets and provide explanations regarding financial and operation performance of assigned assets.
• Update operational financial estimates on an on-going basis in collaboration with Operations and Finance
• Facilitate Service Agreements and support execution of contracts by working with Procurement and Legal
• Interface with Operations, Performance Management, turbine original equipment manufacturers, and service providers on routine operational issues and on initiatives in an effort to increase operational and financial performance and reduce risk exposure
• Support commercial effort towards resolution of significant agreement issues that stem from the operation of the project (e.g., equipment warranties, O&M disputes and performance metrics, landowner agreements, PPAs, interconnection agreements, and others)
• Lead and participate in cross functional teams to resolve material issues affecting operational projects
• Drive initiatives across the portfolio in an effort to improve fleet performance by facilitating solutions with input from other groups in the company; track execution of solutions
• Perform ad-hoc analyses of the historical and forward-looking performance of the asset.
• Support Performance Management in creation of business cases to management
• Track and manage obligations and activities to ensure commercial and governmental obligations are met by tracking key milestones within the major agreements (e.g., turbine supply, O&M, PPA, tax equity, landowner, and interconnection)
• Contribute in developing and refining operational strategies
• Work with other Asset Management staff and accounting personnel to ensure reporting obligations are met in a timely manner
• Track and manage obligations and activities related to bringing new projects from construction into operations, including PPA, LGIA, ISO and other requirements)
• Meet reporting obligations to financing entities by providing necessary commentary and reports as required under the company’s financing obligations. Interface with Portfolio Management on matters impacting the performance of the assigned assets
• Create and develop market knowledge
• Communicate with various market balancing authorities as needed
• Notify relevant staff and help to resolve issues when milestones are delinquent, or a trig