Asset Management Associate

EDP Renewables • Houston, TX

1d

About The Position

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 Role Overview: The Asset Management Associate will support the commercial oversight for wind, solar and BESS operating projects in the assigned region (between 600 and 2000 megawatts installed) and ensure all commercial and governmental obligations are met. You will plan project budgets and oversee performance. Additional responsibilities will include supporting the management of commercial relationship with offtakers, OEMs and O&M service providers and ensuring that the operations strategy and management framework developed by the Asset Operations team is implemented consistently across projects in the assigned region.

Requirements

• Bachelor’s degree in Business, Economics, Finance, Engineering, or a related field
• 3+ years of relevant experience
• Understanding of Microsoft products and/or complementing products preferred.
• Competency in Analytical Problem Solving, Strong Communication, Customer/Partner Relationships, and Technology Expertise preferred
• Travel: None
• Strong project management skills
• Problem-solving skills and high attention to detail
• Ability to perform duties in a collaborative working environment and to develop meaningful relationships
• Analytical skills
• Strong verbal and written communication and presentation skills
• Ability to be self-motivated and motivate colleagues
• Ability to learn new software programs
• Sitting/Standing/Flexibility: Ability to stand and sit for 8 or more hours when in an office environment
• Speech/Reading: Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written, verbal, diagram, or schedule form
• Lifting: Ability to lift items weighing up to 10 pounds
• Vision/Hearing: Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule form
• Safety: Ability to understand and communicate safety precautions when necessary

Nice To Haves

• MBA strongly preferred

Responsibilities

• Interface with project staff (solar, wind and BESS), Performance Management team, 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 the management of operational projects profit & loss (P&L) activities
• Assist with the development of project-level annual budgets and longer term business plans
• Serve as a point of contact regarding financial and operational performance as compared to budget and targets
• Update operational financial estimates on a quarterly basis in collaboration with the Finance team
• Facilitate Service Agreements and contracts by working with Procurement and Legal Lead and coordinate 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)
• 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
• Lead and perform analyses of performance and scenarios to develop decision-supporting tools for senior management
• Perform ad hoc analyses on the historical and forward-looking performance of the asset
• Coordinate issue resolution and stakeholder management when milestones are delinquent or a trigger event has occurred
• Support the development and implementation of new project developments, origination, and negotiations of new PPAs and financing agreements
• Participate in development and construction meetings to ensure that operational and asset management requirements and major contract requirements are met
• Support the Portfolio Management team in reporting to financing and equity partners by providing commentary, estimates, and insights on asset performance and commercial developments related to the asset
• Work with other asset management staff and accounting personnel to ensure reporting obligations are met in a timely manner
• Create and develop market knowledge on the regional electricity markets and work with the Regulatory team as required on compliance matters
• Communicate with market balancing authorities and reliability entities as needed
• Additional duties as required

Benefits

• Empower our employees through a positive and innovative work environment that promotes collaboration and agile decision-making
• Respect and value each person, providing a flexible, healthy, and inclusive workplace with a range of attractive benefits
• Provide a meaningful work experience and prepare our people for future challenges through different opportunities for development and internal mobility

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level