- Press Releases
January 11 (Renewables Now) - EDP Renewables (ELI:EDPR) today said it has changed its operating model to reflect an expansion of its markets globally, including the recent acquisition of Singapore-based solar developer and operator Sunseap Group Pte Ltd.
The new operating model organises the group along three regions – Europe & Latin America, North America and Asia-Pacific. The model also reflects the growing role of solar and other new technologies such as storage and hydrogen, the company said.
Madrid-based EDPR expects its new organisational structure and revamped management to drive growth in these regions.
Chief executive Miguel Stilwell d’Andrade and chief financial officer Rui Teixeira will work with three chief operating officers, Duarte Bello, Pedro Vasconcelos and Sandhya Ganapathy, leading Europe & Latin America, Asia-Pacific and North America, respectively, as well as Bautista Rodriguez as chief technical officer (CTO) and in charge of the offshore business through the Ocean Winds joint venture.
EDPR, whose main shareholder is Portuguese utility EDP (ELI:EDP), noted that it added 2.5 GW of capacity in the first nine months of 2021 to reach 13 GW of installed capacity. Under its 2021-2025 business plan, EDPR is looking to invest EUR 19 billion (USD 21.5bn) to build 20 GW of new capacity.
(EUR 1 = USD 1.132)