- EDPR implements a model focused on the growth and development of strategic regions towards the energy transition goals;
- The new management team reinforces the company’s commitment to becoming more global, agile and prepared for the future.
EDP Renewables (Euronext: EDPR), the world’s fourth largest producer of renewable energy, will implement a new organizational model as a result of expansion into new international markets, including the acquisition of Sunseap, and the growing weight of the solar segment and new technologies, such as storage and hydrogen. This model will build on the advantages generated by the company’s global footprint, its scale and skills, and aims to reinforce its global leadership position in renewables and accelerate the strategy and achievement of targets presented to the market in 2021.
With this new model, EDPR will now be organized into three regions – Europe and Latin America, North America and Asia-Pacific– while privileging a more integrated approach that will transform internal areas of the organization into centers of excellence, in order to extract the full potential of scale and global footprint to reinforce competitive advantages.
Miguel Stilwell d’Andrade (CEO) and Rui Teixeira (CFO) will now have three Chief Operating Officers (COO) in EDPR’s management team. Duarte Bello will lead the Europe and Latin America region, Pedro Vasconcelos the Asia Pacific region and Sandhya Ganapathy the North America region. Bautista Rodrigues will be Chief Technical Officer (CTO) and responsible for the offshore projects segment through the joint venture 50% owned by EDPR, Ocean Winds.
With this reorganization and appointments, the company strengthens its commitment to these strategic regions to boost growth and reinforce its leadership in these markets.
EDPR accelerated growth in 2021 with the addition of 2.5 GW of new capacity in the first nine months of the year, bringing the total installed capacity to 13 GW. Additionally, the acquisition of Sunseap* will allow the group to continue to expand its international presence to a total of 26 markets.
Within the scope of the 2021-25 Business Plan, the company intends to develop 20 GW of new capacity, which will imply a global investment of 19 billion euros and a structure composed of 3000 workers.
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