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onrenew Energy without limits 路 May | June * 2010
EDPR Makes its move to the sea
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onindex May | June*
onrenew Energy without limits · May | June * 2010
EDPR Makes its move to the sea
EDP Renewables (EDPR) recently moved into the United Kingdom’s offshore wind market. In November 2009, EDPR and SeaEnergy created the joint venture Moray Offshore
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oncover EDPR into the sea
A message board available to all employees of EDP
6|11 oncover 12|13 online 14|15 on people Jeff Bishop, corporate development manager of EDPR North America and Roberto Flecha infrastructure manager for EDPR’s European platform
16 ontop Four key ideas from veteran management consultant, trainer and best-selling author David Allen
Offshore wind energy is one of the biggest sources of renewables on the planet and still largely unexplored. EDPR, one of the most important wind energy companies in the world, will lead the development of the Moray Firth wind farm
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online 24 hours in the life of Radu Tutos Radu Tutos has been with EDPR North America since January 2007. He was recently promoted to director of finance in January 2010.
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ontarget Luís Adão da Fonseca’s comments EDPR sits down with the EDPR’s chief business development officer discusses the reasons behind the company’s success
EDPR’s most important news
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onchange Elaine Carrasco moves to Spain Elaine Carrasco, a human resources manager with EDPR, transferred from the North American corporate office in Houston, Texas, to the company’s corporate holding office in Madrid, Spain.
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onpost Message board
Keep in touch “Hi Karen It was nice to have you in the communication meeting in Évora, an opportunity to strengthen us as a team. Keep in touch and let us know the good work EDPR NA is doing with the local communities”
Portugal Margarida Glória · DMC, Portugal
Deixaste a tua marca "Olá Jacinta, ra desde a tua mudança pa Já se passaram 2 anos, brar lem despretensiosa vem Madrid. Esta mensagem s a na EDP Comercial e no que deixaste a tua marc s da lta fa lhaste. Sentimos a colegas com quem traba te. espírito vivo e inteligen tuas gargalhadas e do teu FerGui. Saudades da tua colega Beijos. FerGui”
Portugal Fernanda Guimarães · EDP Comercial
SARGENT AND THE SEA PART OF "AN AMERICAN SEASON" On view through May 23, 2010 at the Audrey Jones Beck Building. American expatriate artist John Singer Sargent (1856-1925) is famous for his glamorous society portraits, but this exhibition is the first to examine the little-explored maritime paintings and drawings that Sargent produced in various locales during the first five years of his career.The Museum of Fine Arts, Houston
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1001 Bissonnet Street Houston, TX 77005 P.O. Box 6826 Houston, Texas 77265-6826 713-639-7300 http://www.mfah.org
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Onpost
Do you want to leave a message for your fellow colleagues? Now you can communicate across platforms in 250 characters or less – intranet@edp.pt Message board
secondment Bom resto de aste “Pedro, de que começ es d es es m 8 on Valley! Já passaram lo Alto – Silic bom a P em o sã is desejam-te um s a tua m re tu en V P breve as da ED Os teus coleg N e esperam em ch E G N a n t en dm re cleante resto de secon s insights sob u te s o m co r poder conta . ital em Lisboa e venture cap Abraços”.
Portugal co, Luís Carla, Frederi
Submit your message board post by contacting us Great contribution "Dear Donato, Mike and Jorge”. n Thanks a lot for your great contributio to January's Energy Planning Committee! We'll now start working on the next CPE meeting (June) e I’m counting on you guys to participat in its preparation! Cheers, Pedro
Portugal Pedro Neves Ferreira · Director da Direcção de Planeamento Energético Portugal
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oncover Offshore wind market
The joint venture between EDP Renewables (EDPR) and SeaEnergy Renewables Limited (SeaEnergy) was created in November 2009 to develop, construct and operate an offshore wind farm. EDPR holds 75 percent of Moray Offshore while SeaEnergy owns the remaining 25 percent. SeaEnergy and EDPR bringing diverse experience to the table, Moray Offshore submitted a bid to The Crown Estate’s Round 3 offshore wind program. The Crown Estate is a property portfolio owned by the U.K’s Crown. On Jan. 8, 2010, Moray Offshore was awarded a zone, including the exclusive rights to develop 1.3 gigawatts (GW) of offshore wind power in the U.K.” . SeaEnergy brings local presence as well as deep offshore expertise in engineering and construction to the partnership. Its parent company “SeaEnergy PLC” is the only listed pure-play offshore wind energy company in the U.K. SeaEnergy designed, developed and delivered the world’s first deepwater wind farm: the 10megawatt (MW) Beatrice Project, located off the Scottish coast next to Moray Offshore’s zone. SeaEnergy has also formed partnerships with two other notable European utilities in The Crown Estate Scottish Territorial Waters round. SeaEn-
EDPR
Makes its move to the sea EDP Renewables recently moved into the United Kingdom’s offshore wind market. In November 2009, EDPR and SeaEnergy created the joint venture Moray Offshore ergy’s background “paired” with EDPR’s experience in wind assessment, procurement, “financing and operations” make for a complete and strong partnership. Moray Offshore was created in response to The Crown Estate’s announcement that it would offer a third round of offshore tenders. The Crown Estate’s marine properties include more than half of the U.K.’s foreshore (17,000 square kilometers or approximately 6,500 square miles), 55 percent of tidal river and “estuary beds” and almost the entire seabed of the 12-nautical-mile (nm) territorial limit around the U.K. The Crown Estate issued leases for the development of offshore wind farms within the 12-nm territorial limits, while the Energy Act of 2004 gives it the right to issue leases for development beyond the territorial limit within the Renewable Energy Zone out to 200 nautical miles. The Crown Estate manages its assets on a commercial basis, guided by the principles of sustainable development and social responsibility. Round 3 was the first time The Crown Estate was a co-developer in the offshore program. The Crown Estate has assigned a manager to each of the nine zones awarded to support the development of the projects. After key consent dates, The Crown Estate’s proactive involvement during the development phases will roll off. v 6 o n renew
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Onstage
EDPR: A World Leader Operating in the most attractive markets and continuously expanding business to new areas of the globe, EDPR is a world leader in the renewable energy sector. EDPR’s growth reflects the firm’s extraordinary capacity to implement projects and smoothly integrate the companies it has aquired. Its markets provide attractive opportunities for economic growth, due to the fact that each market possesses a stable regulatory structure that permits profit generation.
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Location Moray Offshore’s wind energy project will be located in the Moray Firth, also known as Zone 1 [see map]. Zone 1 lies within the Smith Bank, off the northeast coast of Scotland, and covers an area of 522 square kilometers (202 square miles). It is approximately 25 kilometers (16 miles southeast of the Caithness coast and has water depths between 30 and 60 meters (98-197 miles). Moray Offshore will commence an extensive data-gathering process within the zone. It will include bird and marine mammal studies, recording of metocean information, and wind source analysis. The process will take at least 24 months, then planning consents then Moray will submit planning consents in 2013. Moray Offshore will benefit from EDPR’s.
Wick
Inverness
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Elgin
Moray Fith area
EDP Renewables is the third-largest wind energy company in the world. Having undergone exceptional development in recent years, EDP Renewables concluded 2009 with a 1.2-GW increase from 2008, with a total of 6.2-GW capacity installed. Currently, the North American platform is responsible for 2.859 MW of the company’s project’s global installed capacity. The European platform concluded 2009 with 3,355 MW of installed wind capacity, securing its leading position in the wind energy market operate throughout the continent. In 2009, EDPR also increased its presence in the “Brazilian market” with 532 MW of projects under various stages of development.
The Crown Estate has tendered three different rounds of offshore bids (in addition to the Scottish Territorial Waters round). In Round 1 in 2001, 1.5 GW were awarded, while in Round 2 in 2003, 7.3 GW were awarded. In January 2009, during the Round 3 leasing process, The Crown Estate allowed competitors to bid on 32 GW in nine zones. Forty applications were submitted for the nine zones when they opened for tender in March 2008. Rob Hastings, director of The Marine Estate at The Crown Estate, said, “I am delighted that we have announced the Development Partners for all nine Round 3 zones. As the landowner of the seabed, we have been working very closely with the statutory consultees and government to deliver this. The Crown Estate will continue to play an active role in energy generation, and coinvesting. Marine renewable energy from offshore wind, wave and tidal has the potential to deliver over one-third of the U.K.'s energy needs by 2020.” Round 3 has attracted inward investments, like those of EDPR, to the benefit of the U.K. industry. The EDPR’s main office for the U.K. platform will be in Edinburgh and house the Moray Offshore team. EDPR considers it beneficial to have satellite offices allow EDPR to remain close to the local
Other benefits of offshore wind include a higher, more steady wind source and shorter transmission paths to load centers with little environmental impact
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WINDFLOAT EDP Inovacao’s 2009 Memorandum of Understanding (MOU) with Principle Power outlines a three-phase project to develop a floating-foundation wind farm off the Portuguese coast. The first phase involves installing a single floating turbine off the Portuguese coast for technology demonstration purposes. According to a Principle Power press release, “innovative features of the WindFloat dampen wave and turbine induced motion, enabling wind turbines to be sited in previously inaccessible locations where water depth exceeds 50 m and wind resources are superior.”
2009 Gross MW (including the U.K. and Italy)
tries have wind turbines installed offshore that provide clean, renewable energy: Denmark, Belgium, Sweden, Finland, Germany, the U.K., the Netherlands and Ireland. Other benefits of offshore wind include a higher, more steady wind resource and shorter transmission paths to load centers with little environmental impact. As with EDPR's other technologies, offshore wind provides green jobs and attracts multiple manufacturing, assembly and transportation companies to cities, boosting local economies. Offshore wind energy has many of the same advantages as onshore wind energy. Offshore wind energy doesn’t compete with the space it occupies; for example, fishing and shipping are not affected by turbine installation. Onshore wind turbines do not need fueling and have low-maintenance demands. Offshore wind turbines often require even less maintenance than their onshore counterparts. The wind is inexhaustible, and at sea, the wind blows at higher speeds and more consistently than on land.
Offshore wind in the U.K. has experienced much growth since The Crown Estate’s first round of leasing in 2001. The U.K.'s Renewables Obligation was recently extended through 2037. The Obligation states that in 2010, 10.4 percent of electricity in the U.K. must come from renewable sources. By 2015, this number will have risen to 15.4 percent, where it will stay through 2026. The nine zones offered for tender in Round 3 will deliver enough capacity to supply a quarter of the U.K.'s needs by 2020. EDPR realizes the potential growth of this market and strives to be a leader as it continues to grow. Other companies are breaking into the offshore industry as well. General Electric (GE) expanded into offshore wind in September 2009 when it acquired Norwegian ScanWind. GE has continued their commitment to offshore wind power by announcing plans to spend 340 million Euros by 2016, building offshore wind-related research and manufacturing facilities in v
community, keeping open options for further expansion. This project will follow a detailed stakeholder’s management plan involving extensive early engagement with all parties. An example of EDPR’s commitment to the U.K. market is its full membership in the major U.K. renewable associations U.K. Renewables and Scottish Renewables. The Moray Offshore Firth project would not have been possible without the valuable input from multiple EDP platforms. EDP Inovação, EDP Valor and various departments from the EDPR NA aided the initiative. At the corporate level, EDPR's Department of Business Initiatives handled the overall bid process. The project is a prime example of leveraging EDP and EDPR’s capabilities to create the most attractive transaction. EDPR is enthusiastic about the move into offshore wind as it becomes increasingly viable in the international market. According to the American Wind Energy Association, eight coun-
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The project in numbers • EDPR holds
75%
• Moray Firth Wind Farm
• Water depths between
•
25%
of Moray Offshore, while SeaEnergy owns the remaining
1.3 GW
in 2 phases
30 and 60 meters
15.4%
of electricity from renewable sources by 2015 in the U.K.
522 km
2
• Wind Farm Area
25 km
2
•
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southeast of Caithness coast
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Clean and economically viable
the U.K., Norway, Sweden and Germany. Their initiatives in the U.K. include building an offshore turbine factory. This investment may lead to the creation of almost 2,000 jobs and lure suppliers of multiple offshore components to nearby sites. Siemens has also committed to building turbine-manufacturing facilities in the U.K., although details have not been released. Vestas has increased their presence in the offshore arena, releasing their 3 MW V112 offshore model in September 2009. Companies, manufacturers and developers, realize that to reach the renewable energy targets that have been established in the “European Union” the offshore wind sector will have
to grow. Along with the demand for such renewable energy, there is a vast untapped offshore wind power in Europe, making it the sector a sound investment. In addition, Round 3 has concentrated the focus in the U.K. to existing markets, making the U.K. very attractive for suppliers and developers. Other initiatives in offshore wind development include EDP Inovacao’s MOU with Seattle, Wash.-based Principle Power. The two firms will co-develop a three-phase wind project in deep ocean waters off the Portuguese coast. EDPR is open to further development in the U.K. and is seeks other offshore development sites in multiple markets.
“Offshore wind energy is one of the biggest sources of renewables on the planet and still largely unexplored. The U.K. Round 3 is the biggest tender for renewables ever and marks the definitive commitment of the U.K. to an energy source that is not only clean but also economically viable. It is, therefore, with great pleasure that EDP Renewables, as one of the most important wind energy companies in the world, will lead the development of the Moray Firth wind farm with our partner “SeaEnergy”. This new project fits perfectly into EDPR’s portfolio, adding geographical and technological diversification in one of the lowest-risk and most business-friendly nations in the world,” said Antonio Mexia, CEO of EDP and chairman of the board.
The Moray Offshore The Moray Offshore Firth project would not have been possible without the valuable input from multiple EDP platforms. EDP Inovação, EDP Valor and various departments from EDPR NA aided the initiative. At the corporate level, EDPR's Department of Business Initiatives handled the overall bid process. The project is a prime example of leveraging EDP and EDPR’s capabilities to create the most attractive transaction. We would like to take the time to thank the following people for their participation in this project: · Carmelo Scalone, Executive Director · João Maciel and Pedro Valverde (EDP Inovação) · Enrique Àlvarez-Uría and Domenico Marinelli (Business Initiatives) · Ignacio Láinez and Francisco Espin (Energy Evaluation) · Andre Fraga, Margarida Mourão-Ferreira and Miguel Ángel Prado (M&A and Investments) · Nuno Martins and Jorge Casillas (Markets and Regulation) · Marta Mendez and Emilio García-Conde (Legal) · Manuel Ortiz and Oscar Díaz (Procurement) · Rui Chousal (Telecontrol Centre) · Noelia Álvarez Marivela (Engineering and Construction) · Gary Lee and Jeff Bishop (EDPR North America) · Francisco Galván, Technical Director · Dan Finch, Ronnie Bonnar, Allan Macaskill, Joel Staadecker, John Reddish, Phillip Merson and Lyla Smit (SeaEnergy)
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online 24 hours in the life of...
24 hours
Radu Tutos Finance Director
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Radu Tutos has been with EDP Renewables North America (EDPR NA) since January 2007, serving as Market Operations Director. He was recently promoted to Director of Finance for EDPR NA in January of 2010. When Radu is not working, he spends his time going out with friends, exercising, enjoying the arts and traveling. Radu enjoys going to the symphony, opera, theatre and visiting art museums, as well as spending time in Europe. He is a proud father of his four year old son, who also keeps him very busy on the weekends. Radu moved to the United States from Romania in 1984. Prior to joining EDPR NA, Radu was a software entrepreneur and a Director at Enron, where he played a leading role in the acquisition of power and gas assets in Latin America in excess of $3 billion and managed a gas marketing joint venture in Romania. Radu graduated from Georgia Institute of Technology with a Bachelors degree in computer science. He also received a Master of Business Administration from UC Berkeley’s Haas School of Business.
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Online
Of Romanian decent, Radu Tutos enjoys being a father, spending time with his friends and supporting the arts. He brings a worldly perspective to the EDPR NA team
7h00
7h30
8h00
TRAIN Radu catches the metro to begin his day
ARRIVES AT WORK Radu arrives at the office early to get a head start on his work
TIME FOR AN ESPRESSO An espresso helps Radu perk up before his morning meetings
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13h00
MORNING PHONE CALLS It’s time to return messages and catch-up with colleagues
LUNCH Radu orders light fare from the local trattoria.
ECO CAR Radu test drives sustainable means of transportation on his way back to work.
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TEAM MEETING Radu meets with his department to discuss shared projects. There is nothing like teamwork.
POWERFUL SIGNATURE Radu signs landowner payments.
THERE’S NO PLACE LIKE HOME After a long but productive day, Radu heads home.
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onpeople G e t t o k n ow yo u r co l le a g u e s b e t t e r
Jeffery (Jeff) Bishop · CORPORATE DEVELOPMENT MANAGER, EDPR NORTH AMERICA
effery (Jeff) Bishop, corporate development manager of J EDPR North America’s Corporate Development Department, joined EDPR NA, then Horizon Wind Energy, in 2006 in Houston, Texas. Jeff’s current position at EDPR NA was created in December 2009. “Overall, I ensure the alignment of EDPR NA’s organizational model, processes and structure with its strategy,” Jeff explained. “On a day-to-day basis, this means meeting with people and helping them document how they work.” The corporate development department aims to help with the achievement of EDPR NA’s objectives through the improvement, management and control of essential business processes. The department supports business functions and helps define how they operate internally. Jeff began his journey with EDPR NA in the Finance Department in 2006. He moved to Project Development in 2007 and briefly worked as the special projects manager in Financial Planning and Controls in 2008 in Madrid. In 2009, Jeff worked as the special projects manager, supporting the efforts of the EDPR NA’s chief operating officer. “I am able to go back and forth between quantitative and
He has grown with EDPR, which has quadrupled in size 6 o n renew
qualitative roles, and I have a unique subset of EDPR NA/Horizon knowledge that is useful in my current role,” Jeff said. Jeff’s favorite part about working at EDPR NA is his co-workers, who challenge and support him. He has grown with EDPR, which has quadrupled in size. Born on a small family farm in western Pennsylvania, Jeff grew up raising pigs, sheep and chickens. “I’ve been attracted to renewable energy for years because it is one of the best ways to positively impact rural economies,” Jeff said. “If I can help small family farms get another revenue stream in the form of wind royalty payments – allowing their farms to stay solvent, and creating jobs and opportunities for their children – then I can count this as a life well lived.” After graduating from college with an electrical engineering degree, Jeff was a Thomas J. Watson Fellow, researching renewable energy failures in sub-Saharan Africa. He began his career in the wind sector in 2002 in Casablanca, working for an American wind developer who was trying to erect Morocco’s first utility-scale wind farm.
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The effort and dedication of our employees allow us to excel as a group. In each issue, we highlight employees who have demonstrated diligence in their work at EDP
Roberto Flecha · INFRASTRUCTURE MANAGER (IT), EDPR EUROPE
oberto Flecha joined the EDP R Group’s Hidrocantábrico in 2004 as the collaborative tools agent. Renewable energy has always interested Roberto, so the opportunity to work with EDPR in August 2009 was very appealing.Roberto has also always been fascinated by high tech. "My uncle provided me with my first computer" Roberto said. This gift ignited his passion. Currently, Roberto’s duties at EDPR include supporting information and
communications technologies. Also, he coordinates the help desk and ensures that all information systems in the company are operating properly. In addition, Roberto is always willing to lend a hand to a colleague in need. Roberto embraces EDPR's young staff and the dynamics of the new and innovative projects. His advice for new employees is to learn as much as possible. Also, he tells them never to be afraid of making a mistake. “Nobody is born knowing everything."
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ontop
“We could all use help when it comes to managing e-mail, projects and time”. David Allen
A co n s e l h a m e n to p a ra g e st ã o
Four key ideas from veteran management consultant, trainer and best-selling author David Allen
1. Write it down. – Write down everything before processing it into a set of lists.
2. Break it out. – Make lists of granular steps, or “next actions”.
3.
Do it now. – If a task can be done in two minutes, do it right away.
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4. File it away. – A good filing system, for paper and e-mails, is essential.
Source: McGregor, J. (August 14, 2008). “Getting Serious About Getting Things Done”. Business Week.
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“The ability for employees to take risks, make decisions and assume final accountability has been crucial to the success of the company” Luis Adão da Fonseca
LU I S A D Ã O DA FON SECA , C hi e f Busi ne ss D eve lo pme nt Of f i ce r
EDP Renewables is the third largest wind energy company in the world with more than 6.2 gigawatts (GW) of installed wind capacity in more than 10 countries and three continents. The company has over 700 people representing 14 different nationalities: a true international and diversified culture. I am confident that we can strive to be the “best in class,” a clear trailblazer in the industry. This statement might seem obvious to many, however in my particular case, having started my work with renewable energy at EDP in 2001, it always amazes me to remember how the company has grown. The first EDPR team consisted of 15 people working in Portugal with around 40 megawatts (MW) in operation. So, how did we get to where we are today? The answer to this question can be found in EDPR’s incredible growth. Fuelled by development, construction and operational expertise and a successful integration of top quality local platforms, EDPR has become a profitable and globally recognized business. EDPR grew because of its forward thinking vision concerning the potential of the wind
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energy business. The company succeeded due to a well planned and well executed strategy, and a capacity to understand and utilize important value drivers of the business such as focused and controlled growth; economies of scale and operational excellence; and risk and return diversification. The most important question is what sets EDPR apart and what is behind EDPR’s success story? The individuals who work at EDPR in our dynamic and entrepreneurial culture play a significant role. The ability for employees to take risks, make decisions and assume final accountability has been crucial to the success of the company. A small number of high quality personnel with strong local know-how who understand the business helped propel the company forward while allowing for the healthy
integration of new team members. EDPR has had to face unique challenges in different cultures and this has been key to EDPR’s successful growth story. Unlike many traditional utilities, EDP avoided the typical mistakes of attempting to standardize everything, penalizing healthy risk. On the contrary, EDP fosters a unique culture for a high growth, international business, recognizing the critical role of the individual employee within a very capital intensive industry. From the junior assistant to the most senior director, EDPR understands how important it is to have the best employees in the industry, who help build and sustain a top performing company within a very dynamic and competitive environment. From 2001 to 2010, this has been my experience. From 2010 onwards, this is my true expectation.
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onchange E m p loye e s w i t h t h e co u ra g e t o c h a n g e
ELAINE CARRASCO Human Resources Manager
Elaine’s love of cooking has been tested while in Spain, thanks to her two-burner “camper” stove and convection oven. Her appliances have been known to ruin a meal, yet Elaine can often be found laughing at the follies of a foreign kitchen. Her laughter is not only non-stop; it is contagious. No matter where in the world you put her, Elaine is sure to share her laughter with others.
E
DPR continues to demonstrate its commitment to promoting employee mobility, even during the current economic climate. Senior management truly aims to develop its employees globally and groom them to be outstanding business leaders. Elaine’s move was prompted by EDPR in an effort to coordinate the alignment of the multiple human resources projects affecting the various platforms. Elaine also had a desire to work abroad in international human resources. As the company has undergone tremendous growth, she has had the opportunity to work on various projects for all of EDPR’s platforms. Her transfer to Madrid seemed to be the logical next step for her career path at the company. Upon arriving in Spain, Elaine quickly realized that her new colleagues would be her family away from home. During her time in Madrid, they have all been very helpful and welcoming. “My experience in Spain has been wonderful and I have enjoyed every bit of working with people from a different cultures, "Elaine said". Once I learned to relate to the locals, I began to realize my own personal growth – such as soft skills and relationship skills. This has had a positive effect on my performance at work. Cross-platform transfers benefit EDPR by helping employees learn how to work with colleagues from different ethnic backgrounds. It also helps employees to gain new insights into the differences and similarities among the company’s platforms. In her new position in Madrid, for example, Elaine has achieved a better understanding of other cultures. Transferring has enhanced Elaine’s ability to share best practices with her colleagues. Keeping in mind the cultural differences, Elaine helped implement a new onboarding process similar to the process used in the North American platform. In addition, Elaine brought the practice of structured summer internship programs to the European platform. These programs involve onboarding and interviews both during and after completion as well as the possibility that interns will be hired. Also, working with colleagues of different cultural backgrounds has taught Elaine that there is more than one approach to solving a problem. The European platform may have a fresh take on problem solving
“Most importantly: Be flexible!” Elaine transferred from the EDPR North America’s corporate office in Houston, to the European corporate holding office in Madrid. Her two-year assignment has aided her personal growth as well as increased her knowledge of both EDPR platforms
that the North American platform can use to aid in efficiency or vise versa. As EDPR is in a state of constant growth, employees strive to work together to have the most successful outcome possible. While there are often language barriers and time differences to contend with when working across platforms, the situation benefits all parties involved. Although working in Spain has been a positive experience for Elaine, she still misses her family, friends and American television shows. In fact, these are the things she has found hardest to leave behind. Her best advice for others employees transferring to other EDPR platforms is to – “take the challenge as an adventure of a lifetime – whether things go well or not. Remember to make friends with the locals and do not live in a vacuum; build your social web. Most importantly: Be flexible!”
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ontrack As Brazil's economy grows, the country will need new alternative energy sources. EDPR's Tramandaí wind farm will respond to that challenge
New Wind Farm in Brazil The ground-breaking ceremony of EDP Renovaveis’ third wind farm in Brazil, located in the port city of Tramandai, took place on March 24, 2010. Named Tramandai wind farm, this investment will have an installed capacity of 70 megawatts (MW) and generate approximately 211,437 megawatt hours (MWh) per year, enough to power a city of roughly 200,000 people. At project completion, estimated for the end of this year, EDPR will have a total wind power generation capacity of 84 MW, 13.8 MW of which corresponds to two already operational parks in the state of Santa Catarina. Located in the south of the city, in an area of 832 hectares (2,056 acres), the wind farm will create nearly 1,000 jobs during peak con22 o n renew
struction, when the access roads, foundations, towers, substation and transmission lines are built. After a two-year process, EDPR has now obtained the required regulatory permits, including provisions for the protection of migratory birds and the preservation of native flora and fauna. The Tramandai wind farm strengthens the EDP Group’s firm, strategic commitment to wind power and responds to its Brazilian parent company’s need for clean energy to complement hydro-electric and thermal energy production. As Brazil's economy grows, the country will need new alternative energy sources. Besides being environmentally friendly, renewable energies such as wind power can reduce considerably Brazil’s dependency on foreign energy.
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We are EDP
211,437 MWh
Tramandai wind farm will have an installed capacity of 70 MW and generate approximately 211,437 MWh per year, enough to power a city of roughly 200,000 people.
EDP Renováveis North America supports endangered species in the U.S.
EDPR NA’s Environmental Affairs Department
EDPR NA’s Environmental Affairs Department is currently engaged in industry-wide collaboration on strategies for the protection and preservation of threatened or endangered species in the United States. Led by Director Rene Braud, the team includes Environmental Managers Christina Calabrese, Danna Small, and Derek Rieman; Environmental Specialist Emily Todd and Environmental Analyst Chris Goldsberry. They are tasked with establishing and executing the environmental policies and standards of EDPR NA’s projects.
Strategies for the protection and preservation of threatened or endangered species in the United States.
Government Affairs monitors and influences local, state and federal regulatory policy and regional transmission initiatives
EDPR NA’s newly established Government Affairs Department, led by Roby Roberts, was created to monitor and influence local, state and federal regulatory policy and regional transmission initiatives. Staff members are currently working to extend state and federal incentives for renewable energy, enable transmission development and construction, and maintain the positive public image of the wind industry. The team includes Senior Manager Tanuj Deora, who transferred to Government Affairs in March 2010. o n renew 23
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We are EDP
EDPR launches new website and sustainability portal
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A new corporate website [www.eprenovaveis.com] was designed to be the point of reference for company activity for employees, shareholders, industry professionals and clients. The content has been streamlined, making it easier for users to browse the site and access information. The design features an animated banner depicting nature scenes and next-generation wind turbines working together in harmony. Along with the new website, EDPR also launched an online platform that allows users worldwide to discuss and share their experiences on issues related to the environment. Called Save As, www.save-as-org, this tool lets everyone participate and learn about public and private initiatives that contribute to protecting the environment. Apart from a news and video section, the portal includes discussion forums in which users can participate and share ideas.
The portal includes discussion forums in which all users can participate and share their ideas
Power Marketing and Origination focus on obtaining PPAs The EDPR NA Power Marketing and Origination Department is currently focused on securing long-term power purchase agreements. Part of the EMG group, the team engages in the origination, structuring, negotiation, and execution of all energy sales contracts, manages customer relationships, and seeks and analyzes competitive market intelligence. Steve Irvin, director of origination and market operations, leads the department and is supported by staff members Matt Duffy, Tommy Greer, Heather Wong and Eric Eckenrod. 24 o n renew
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EDP RenovĂĄveis Sponsors EWEC 2010
From April 20 to 23, 2010, the most prominent financiers in the wind energy sector attended the annual European Wind Energy Conference in Warsaw. For the first time in its history, EDPR was the leading sponsor of the conference, which is organized by the European Wind Energy Association. Joao Pedro Summavielle, financial director of EDP Renovaveis, participated in a finance panel. To increase EDPR brand awareness in Poland, one of the most significant emerging markets in Europe, the company distributed 10,000 branded water bottles water bottles to all of the attendees.
Shareholder Meeting in Oviedo On April 13th, EDPR held its meeting at corporate headquarters in Oviedo, Spain. Shareholders analyzed and approved the 2009 Annual Accounts and Annual Shareholder Report. Each EDPR shareholder is entitled to representation at this annual meeting, and more than 80 percent of the shareholders [defined by capital] attended or were represented at the meeting. In addition, all the proposals from the agenda were approved by a majority of the shareholders (ranging from 98 to 100 percent of the present and represented share capital.) For the
first time in EDPR’s history, a website was launched to host a digital version of the annual report. (2009annualreport. edprenovaveis.pt/). The EDPR 2009 Annual Report site gives shareholders access to information and key data related to the company’s performance in 2009.
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