Energy Manager

Velto Renewables (Velto), a Pan- European IPP backed by La Caisse (Caisse de Dépôt et Placement de Québec), is looking for an Energy Manager to join its team in Madrid or Paris, to successfully maximize the long-term value of Velto's renewable energy portfolio in Europe through effective energy management, market participation, revenue optimization, and commercial strategy across the full asset lifecycle. The position will report to the Head of Asset Management and work closely with the Finance, Investments, Development and Asset Management teams.

Velto owns and operates more than 130 solar photovoltaic and wind projects in Spain and France, with a total installed capacity exceeding 600 MW. These assets generate c. 1,000GWh of clean energy annually, enough to power more than 266,000 homes, while avoiding over 77,000 tonnes of CO₂ emissions each year. Additionally, Velto provides asset management services for La Caisse’s 25% investment in the London Array project (LAL), one of the world’s largest offshore wind farms. Located 20 km off the coast of Kent, this 630 MW project produces over 2,300 GWh annually, preventing 287,500 tonnes of CO₂ emissions each year. Furthermore, Velto is planning to expand its geographical and technological footprint across Europe with solar PV, onshore wind, and BESS projects.

The Energy Manager is responsible for supporting the commercial performance and value creation of the company's renewable energy portfolio through effective energy management activities across European power markets, including route-to-market strategy, PPA management, revenue optimization, forecasting, and market risk management.

The role combines strategic market analysis, commercial leadership, portfolio optimization, and stakeholder management, acting as a key contributor to energy commercialization and revenue generation throughout the asset lifecycle.

The role will require regular interaction with utilities, traders, aggregators, off-takers, advisers, regulators, and internal and external stakeholders to drive revenue performance, manage market exposure, support investment decisions, and identify new value creation opportunities across the portfolio.

Responsibilities

Energy Management Strategy

Support the implementation of the company's energy management strategy across European markets.
Optimize revenues from the operating portfolio through appropriate market participation, hedging, and commercialization strategies.
Identify opportunities to enhance portfolio value through merchant optimization, ancillary services, storage integration, and innovative route-to-market solutions.
Support the company's growth strategy by assessing market exposure and revenue opportunities in new jurisdictions.
Monitor daily market exposures, capture prices, imbalance costs and curtailment impacts.
Manage monthly revenue reconciliations with offtakers, aggregators and route-to-market providers.
Review settlement reports and ensure consistency between production, market revenues and contractual arrangements.
Coordinate internally with Finance and Asset Management teams during budgeting and forecasting processes.

Commercial & Route-to-Market Management

Manage day-to-day relationships with utility offtakers, traders, aggregators, balancing responsible parties (BRPs), and market operators.
Support the negotiation and management of PPAs, route-to-market agreements, balancing contracts and related commercial arrangements.
Evaluate and recommend optimal commercialization structures for operating and pipeline assets.
Oversee contract performance and ensure compliance with commercial obligations.

Market Analysis & Forecasting

Monitor European power, gas, carbon, and renewable energy markets.
Develop and maintain short-, medium-, and long-term energy price forecasts.
Assess market trends, regulatory developments, and emerging opportunities affecting portfolio revenues.
Provide market intelligence and recommendations to senior management and investment teams.
Monitor regulatory updates in the applicable markets to design revenue optimization strategies and preserve the route to market business model of the company.
Support growth and development activities designing optimization strategies for solar, wind, and BESS.

Revenue Optimization & Risk Management

Support the development and implementation of hedging and risk management strategies in line with company objectives and strategy determined by a strong regulated portfolio.
Monitor merchant exposure and revenue-at-risk metrics across the portfolio.
Analyze production forecasts, capture prices, curtailment risks, and imbalance costs.
Lead initiatives aimed at improving realized revenues and reducing market risk.

Portfolio Performance & Reporting

Monitor commercial performance of operating assets against budget, business plans, and investment assumptions.
Develop KPIs, dashboards, and reporting frameworks for portfolio revenue performance.
Provide regular reporting to management, shareholders, and lenders regarding market trends and portfolio exposure.
Support annual budgeting, forecasting, and business planning processes.
Prepare and maintain long-term revenue forecasts, budget assumptions and market scenarios to support business planning, financing and valuation processes.

Investment & Growth Support

Support acquisitions, divestments, financings and investment decisions through market analysis, revenue assessments and commercial due diligence.
Review energy yield assumptions, pricing scenarios, and revenue models used in investment cases.
Contribute to valuation exercises and portfolio strategy decisions as required in acquisitions, financings and strategic transactions.

Stakeholder Management

Act as the primary commercial interface with:
Energy traders.
Utilities and offtakers.
Aggregators.
Consultants and market advisors.
Grid operators.
Regulatory bodies.
Maintain strong relationships with key market participants across Europe.

Competencies

Power Markets Expertise: Deep understanding of European electricity markets, renewable energy commercialization and market design.
PPA & Commercial Management: Extensive experience negotiating and managing PPAs, route-to-market agreements, balancing agreements and energy sales strategies.
Revenue Optimization: Strong capability to maximize asset revenues through market participation, hedging strategies and portfolio optimization.
Market Analysis & Forecasting: Advanced understanding of energy market fundamentals, power price forecasting and scenario analysis.
Contract & Revenue Management: Ability to manage and monitor PPAs, route-to-market agreements, balancing arrangements and revenue settlement processes.
Risk Management: Experience managing merchant exposure, price volatility, imbalance costs and revenue risks.
Financial & Investment Acumen: Ability to assess investment opportunities through robust market and commercial analysis.
Strategic Thinking: Ability to translate market intelligence into actionable business decisions.
Data & Analytical Skills: Strong quantitative capabilities and experience working with large datasets, forecasting tools and performance analytics.
Stakeholder Management & Negotiation: Proven ability to manage relationships and negotiate with utilities, traders, investors and advisors.
Communication & Leadership: Ability to present complex market and commercial matters to executive management, boards, investors and lenders.

Education and experience

Bachelor's degree in Engineering, Energy Markets or a related discipline. Master's degree is considered an advantage.
Minimum 10 years of professional experience in energy management, electricity markets, power trading, revenue management, energy origination, or renewable energy commercialization.
Strong knowledge of European power markets and renewable energy regulatory frameworks.
Demonstrated experience negotiating PPAs and route-to-market agreements.
Experience supporting the negotiation and management of PPAs, route-to-market agreements, balancing arrangements and energy sales strategies.
Strong financial modeling and analytical capabilities.
Advanced proficiency in Excel and energy market analytics tools.
Fluent English required; additional European languages are an advantage.
Availability to travel across Europe.

Candidate Data Privacy Notice

Data Controller: VELTO RENEWABLES, S.L.

Purpose of Processing: The personal data provided by candidates will be processed for the purpose of managing and administering recruitment and selection processes, assessing candidates' suitability for current and future employment opportunities, and maintaining communication throughout the recruitment process.

Legal Basis: The processing of personal data is based on the candidate's consent and, where applicable, on the implementation of pre-contractual measures requested by the candidate.

Recipients of Data: Personal data will not be disclosed to third parties unless required by law or where such disclosure is necessary for the management of the recruitment process.

Data Retention Period: Candidate data will be retained until 31 December of the current calendar year. Thereafter, personal data will be securely deleted unless the candidate has been informed that their profile will be retained for consideration in future recruitment processes, or if the candidate is hired.

Data Subject Rights: Candidates may exercise the following rights in accordance with applicable data protection legislation:

· The right to withdraw consent at any time, without affecting the lawfulness of processing carried out prior to such withdrawal.

· The right of access to personal data and to request rectification, erasure, restriction of processing, portability, and objection to processing.

· The right not to be subject to a decision based solely on automated processing, including profiling, where applicable.

· The right to lodge a complaint with the Spanish Data Protection Authority (Agencia Española de Protección de Datos - AEPD) at www.aepd.es if they consider that the processing of their personal data does not comply with applicable data protection regulations.

Exercising Your Rights: To exercise any of the above rights, candidates may contact VELTO RENEWABLES, S.L., C/ Cardenal Marcelo Spínola, 42, 28016 Madrid, Spain or by email: veltolegal@veltorenewables.com. Please indicate "Data Protection Request" in the subject line of your communication. VELTO Renewables may require additional information to verify the identity of the requester before processing the request.