renew Energy without limits • january | february 2012
Three regions
EDPR North America reestructures
Online
24 hours in the life of Dan Finch, Country Manager for EDPR in UK in the UK
On Change
BernaBernardo Deus Pinheiro in São Paulo, Brazil
onindex January | February
renew Energy without limits • january | february 2012
THREE REGIONS
EDPR North America reestructures
EDP Renewables North America (EDPR NA) recently underwent a major transition with the reorganization of the North American platform. The restructure better aligns the internal operations of the company by reducing the previous six Regions to three distinct Regions: Western, Central and Eastern.
Online
24 hours in the life of Dan Finch, Country Manager for EDPR in UK in the UK
On Change
BernaBernardo Deus Pinheiro in São Paulo, Brazil
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Learn more about where EDP has a presence.
EDPR North America restructures The current economic conditions and challenges facing the economy overall that impact the energy sector directly, and specifically the renewable energy sector where the regulatory framework supporting renewable energy in the US is soon to expire, required that the organization adapt to the changing realities of the industry.
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14|15 onpeople Meet Filipa Joana Pereira Abreu, data analist for Theremote Operations and Performance Infrastructure, and Johnny Casana, project developer for EDPNA.
24 hours in the life of Dan Finch After working closely with EDPR in his previous roles, the Country Manager for EDP in the UK finally joined the company in June 2011. A family man, with three sons, Dan enjoys an active, outdoor life in the mountains of Scotland.
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Ángela Toledo’s comments Based in the Madrid office, Ángela is part of the team that supervises the Environmental Management System (EMS) project in the European platform. Implement and certify the EMS in all of EDPR Europe’s operating wind farms is one of her goals.
22|25 ontrack EDPR’s most important news.
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onchange Bernardo de Deus Pinheiro At 33, Lisbon-born Bernardo de Deus Pinheiro landed two months ago in São Paulo, a city of around 11 million, where he will spend the next three years. “This change is a big challenge and a great career opportunity. Despite the cultural affinity, the country has incredible dimensions and a fantastic pace of growth.”
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Lisbon City of Seven Hills
Learn more about the places where EDP Group is present
G eo g r a ph i c a l data : Country: Portugal CAPITAL: Lisboa Inhabitants: 545,245
Ge t to know N o t t o be missed 1. The Belém Tower is a UNESCO-designated world heritage site since 1983; 2. Pastéis de Belém (Custards of Belém), try them warm with or without cinnamon;
3. Guincho Beach, let yourself be carried away by the sound of waves 4. Pena Palace, in Sintra, one of the best expressions of 19th century Romantic architecture in the world.
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Lisbon breathes history at every corner. Prepare to meet the most typical parts of the city, its gardens and monuments. Discover tradition in Alfama, explore São Jorge Castle, be dazzled by the view of the city at the lookout point, and slowly walk through the Baixa Pombalina (downtown) admiring the architecture, the sounds and smells. Relax by having a tea at the Confeitaria Nacional, or drink a juice and eat a croissant next to Fernando Pessoa, at the Brasileira, in one of the busiest streets of Lisbon in the Chiado Quarter. In the afternoon, enjoy a walk along the river and glimpse the monuments that reflect the history of Portugal during the Discoveries: Torre de Belém (Belém Tower), Padrão Descobrimentos (The Monument to the Discoveries), Mosteiro dos Jerónimos (Jerónimos Monastery) and Capela do Restelo (Restelo Chapel). After this tour, surrender yourself to the delights of a Pastel de Belém, simply irresistible. To shop you must go through the Avenida da Liberdade where you can get the best national and international brands. If you like the sea, take the opportunity to see some of the most beautiful beaches in Portugal, Guincho and Costa da Caparica and Ericeira. If you have time, visit the magical town of Sintra.
Cu riosi t ies Lisbon, capital of Portugal, was voted by European consumers as the Best European Destination of Europe in 2010. Besides having all the modern infrastructures of a cosmopolitan city, it offers mild climate all year round. Lisbon is also one of the oldest cities in the world, rich in cultural and architectural heritage, true to its traditions such as the Fado and folk festivals. The city extends along the right bank of the Tagus River and is known for its seven hills, offering breathtaking views on the various viewpoints and unforgettable boat trips on the Tagus. With a population of 545,245 inhabitants and a surrounding metropolitan area that covers about 2,870 km², Lisbon is home to nearly 2.9 million inhabitants. Its metropolitan area comprises 27% of the country’s total population. 4 onrenew
ED P i n L is b o n Headquarters: Marquês de Pombal,12 Employees: 2,807 Thermal Power Plants: 1 (Setúbal) Combined Cycle Plants: 1 (Ribatejo) Cogeneration Plants: 2 (BarreiroFISIGEN e ENERGIN) Windfarms: 5 (Bolores, Fanhões, Arruda, Sobral e Amaral)
Ezekiel Pereira from the Brand and Communication Department at EDP invites all Group employees to know his city of choice. Alfacinha from birth, he considers it a privilege to live in Lisbon, a city that allows him, after a day’s work, to relax by catching some waves on the beautiful beaches, just 15 minutes away from Lisbon. And after his “surf ” he goes back to the cosmopolitan town for dinner, to watch a play or just have a drink...
ezequiel Pereira
EYES ON THE RIVER Darwin’s Café at the Champalimaud Foundation, opened February 2011 and its name pays homage to one of the fathers of Modern Science
E at in g In Lisbon you’ll find restaurants from the most sophisticated to seafood eateries to the most traditional cuisine. At Darwin’s Café, at the Champalimaud Foundation, you can enjoy the river views and international gourmet cuisine. In the busy and bustling Bairro Alto, Pap ‘Açorda is where you must taste the meat pastry puffs, the real Açorda and the chocolate mousse. In Tasca do Manel, traditional Portuguese cuisine and game fare are king: cod fish cakes, wild boar meat bean stew and sericaia dessert from Alentejo. For sunbathing on the beach head out to the Borda D’Agua at Praia Morena in Costa da Caparica, and Bar do Guincho, in Guincho Beach. In the Restaurant Mar à Vista in Ericeira, seafood is always fresh! In June, do not miss the Popular Saints celebrations where eating sardines is the thing to do!
Lodging
There are countless great places to stay in Lisbon. But you will not regret opting for Bairro Alto Hotel, which has a stunning view and one of Lisbon’s best brunches, or the Altis Belém Hotel & Spa just across the River Tagus.
5 estrel a s Bairro Alto Hotel, in the heart of Lisbon’s historic district.
N igh t Ou t Night There is so much going on in Lisbon that it is difficult to choose. In Bairro Alto you will find a lot going on all night long.
A Night Out in Lisbon could always be something new. There is so much going on that it is difficult to choose this or that place for a drink or dancing. In Bairro Alto you will find a lot going on all night long. One of the most crowded bars, a destination must for all kinds of people, is Maria Caxuxa, which offers live music on Mondays. Also, try out Gloria Bar and the well-known Chinese Pavilion. In the land of Fado, do not miss the opportunity to hear and feel this unique genre of Portuguese musical expression, so head out to Sr. Vinho or Café Luso. If you still have the energy to dance, go to Lux in Santa Apolónia, Music Box at Cais de Sodré, or the BBC, in Belém—these are always the safest bet.
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oncover EDP Renewables North America Restructures
Three Regions Emerge
EDP Renewables North America restructures, focusing on disciplined growth and ensuring excellence in the operating portfolio.
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EDP Renewables North America (EDPR NA) recently underwent a major transition with the reorganization of the North American platform. The restructure better aligns the internal operations of the company by reducing the previous six Regions to three distinct Regions: Western, Central and Eastern. Moreover the three remaining Regions will be not only responsible for developing projects but the overall profit and loss (P&L) of the operational portfolios within such Regions, remarkably broadening the scope of accountability within the Regions. The current economic conditions and challenges facing the economy overall that impact the energy sector directly (flat energy demand, low energy prices), and specifically the renewable energy sector where the regulatory framework supporting renewable energy in the United States is soon to expire, required that the organization adapt to the changing realities of the industry. “I am certain this is the right step forward and this is the right time, and I am even more confident that our reorganization will produce very positive changes for the company” said EDP Renewables Chief Operating Officer for North America Gabriel Alonso in an internal email sent to the North American employees following the company announcement regarding the restructuring. “I know that these changes will best position EDPR for the future and will allow us to become stronger as a team and more solid as a company. The new organization will ensure we are more nimble in our decisions, more focused on ensuring excellence in our operating portfolio and will further our growth in a more disciplined and value accretive fashion.” Gabriel further highlighted that the new organization allows for the level of flexibility and adaptability required within the current global business environment. It will also allow EDPR to meet its short-term challenges and position the company for long-term growth within a market to which EDPR is fully committed. onrenew 7
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THREE REGIONS EDPR NA’s three Regions are led by Regional Executive Vice Presidents whose primary responsibilities are to maintain the Region’s overall operating portfolio performance, growth and profitability. The new Regions’ scope of work includes development, project management (prospecting-development-engineeringconstruction), origination and regulatory management. The Western Region, which includes Canada, is led by Andrew Young; the Central Region is led by Steve Irvin; and Bill Whitlock leads the Eastern Region.
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Andrew Young Executive Vice President
Western Region WECC, CAL & CANADA
WESTERN REGION Executive Vice President Andrew Young first joined EDP Renewables (then Zilkha Renewable Energy) in 2001. He most recently served as Chief Development Officer and led EDP Renewables North America’s development efforts across the platform. He now oversees the business efforts for the Western Electric Coordinating Council (WECC) states and Canada. These states include: Washington, Oregon, California, Arizona, Montana, Wyoming, and Colorado. The Western Region is focused on several priorities, most notably issues with the Kittitas Valley Wind Farm in Washington State and the transmission operator Bonneville Power Administration (BPA). “Securing a viable commercial solution for our Kittitas Valley Project is a top priority for our Region,” said Andrew Young. “Additionally, we are focusing our efforts on several matters with the BPA, and closing the acquisition of a ready to build project in Canada. Long-term priorities include implementing initiatives to boost our net present value (NPV) by delivering new projects with attractive commercial off-take opportunities and continued operational improvements.” According to Andrew, the restructure was essential for EDPR NA to “right
size” the company. “EDPR NA was sized for large growth based on a large market in the U.S.,” explained Andrew. “Since the U.S. market and profitable PPA opportunities has reduced significantly, we appropriately lowered our build targets from 600-700 MW/yr to 200MW/ yr. With this level of reduction, we could not remain sustainable continuing to try to develop far more than what the market would reasonably bear at a profitable level.” Andrew further explained that under Gabriel’s leadership the company keeps gaining focus on achieving excellence as a power plant owner/operator and having full project life-cycle accountability under three Regional Vice Presidents is the right move in this direction. “The previous organizational design with departments separated by functional expertise worked well and proved very successful for the middle-stage growth years of EDPR NA; however, it is time to accept that we are now a different company, operating in different times and in a different market. Although EDPR NA has undergone a difficult change with our re-organization, I have been impressed and inspired by our employees’ willingness to recognize onrenew 9
that change was necessary, adapt to the new organizational structure and still embrace a spirit of continuous improvement that our Company has maintained since its inception.” Andrew believes the main benefit from the restructure for his Region is the ability to focus on project management and origination efforts just within WECC and Canada. “This will allow us to dig deeper into markets to create new opportunities for EDPR NA.” Building team cohesiveness is another important priority for Andrew. “I enjoy spending time with our team in Portland as well as spending one-on-one time with all the team members. Moving forward, we will hold quarterly meetings to provide updates on where we are going, our progress, share thoughts and ideas, and provide recognition to those who are nominated for demonstrating outstanding performance, innovation, and improvements that help us accomplish our mission. I am also a strong proponent of training. In 2012, the Western Region can expect invitations for training sessions provided by both internal and external experts on various topics that boost both industry specific knowledge and functional expertise and skills.”
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central REGION Executive Vice President Steve Irvin, who formerly served as EDPR NA Chief Commercial Officer and was responsible for both the Power Marketing and Origination and Market Operations Departments, joined the company (then Horizon Wind Energy) in 2005 as Director of Power Marketing and Origination. His areas of responsibility now cover the business efforts in many states including: Michigan, Minnesota, Wisconsin, Iowa, Missouri, Kansas, Oklahoma, Texas, Arkansas, Tennessee, Alabama, Georgia, and Florida. The latest project for the Central Region is Blue Canyon VI Wind Farm in Oklahoma.“The Construction team has done a great job of moving the Blue Canyon VI project along on time and below budget,” explained Steve. “The Origination group is looking for ways to expand our customer base for the project by marketing to potential customers outside of the Southwest Power Pool marketplace, a product that should distinguish us from the market. We also continue to push other mature projects in the Central Region’s pipeline for potential PPAs in Wisconsin, Kansas, and Texas. The Development team is focused on expanding the diversity of our portfolio by moving forward with our first projects in the states of Michigan, Missouri, Arkansas and Tennessee and continued prospecting in Alabama and Mississippi. We feel finding good development sites close to transmission may allow us to be first to the market again,
like we were in New York, Illinois and Ohio.” Steve feels EDPR NA’s new structure benefits his Region by affording employees in the different departments the opportunity to come together to gain a better understanding of the strategy and status for current and potential projects. “The new structure brings all the different departmental functionalities much closer together on a continual basis than our past model so priorities are better communicated across the group,” Irvin added. When asked how he plans to build cohesiveness within his regions, Steve explained that communication is the key. “We are holding regular weekly meetings with folks from the Development, Origination, Construction and Legal Departments to help ensure we are all on the same page and that everyone within the Central Region understands our focus. I really believe this requires regular meetings where there is an opportunity for active conversation on the status of a project.” For Steve, success still lies profitable projects that carry a low risk profile. “There are certain things that will factor into the measure of success that will be outside of the control of the group. How effective we are at identifying potential PPA opportunities that are value enhancing for EDPR NA and identifying what we can do internally across departments to make our projects more competitive to help win those PPA will be the ultimate measure of our success.”
Steve Irvin Executive Vice President
Central Region MISO, SPP, ERCOT, TVA, SE
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EASTERN REGION Bill Whitlock joined EDPR NA (then Zilka Renewable Energy) in 2001. He previously served as Development Director and was promoted to Executive Vice President to lead the Eastern Region. He is now responsible for the business efforts in the following states: Maine, New Hampshire, New York, Pennsylvania, Ohio, Indiana, Illinois, West Virginia, Virginia, New Jersey, Maryland, North Carolina and South Carolina. “Achieving operational excellence at the more than 1600 MW of operating projects in the Eastern Region and deriving value from our project portfolio are our top priorities,” said Bill. Bill, as does Andrew and Steve, believes origination is a key component for his Region’s success going forward. “Aligning market intelligence, Origination and Development will allow us to achieve disciplined growth and will help us deliver high value projects to our shareholders. Our development efforts will be concentrated in high value markets such as Maryland, Virginia and New Hampshire.” Additionally, completing the construction of the 216MW Marble River Wind Farm project in Churubusco, New York is another important step for the Eastern Region. The Eastern Region’s success will be measured by their ability to close on specific development, construction and operational targets that will vary from year to year. “Our immediate success for this year will be measured by our ability to complete the development and launch construction of Marble River, reducing the carrying costs of those projects under development without attractive commercial opportunities in the nearterm but focus on high value projects in the development pipeline. In addition, securing new PPA’s for our priority projects and exceeding our availability and beating the budget targets for our operating assets will also determine our success.” Whitlock believes one of the benefits of the restructuring is that it will allow his Region to take full advantage of a more holistic approach to the way EDPR NA develops, engineers, constructs and operates projects. “The cross functional departmental reporting will enable us to develop projects in a more collaborative fashion, and understanding the operational issues of projects will help us develop, engineer and construct better projects,” said Bill. “I also believe the restructuring will create additional
Eastern Region* PJM, NYISO, ISO-NE
* Illinois, Ohio and Indiana (PJM and MISO) included in this Region.
Bill Witlock Executive Vice President
opportunities for team members to expand their knowledge and expertise.” “Teamwork is another vital component to our success,” explained Bill. “We have already held a team building event and have a region-wide meeting scheduled in Indianapolis. I am a firm believer in providing team members with updates on the efforts of the various departments so they see firsthand how what they are doing fits into the big picture.” Bill added, “I am very excited and very fortunate to be leading a team of dedicated employees who share a common goal of wanting to be the best at what they do.” onrenew 11
“We have accomplished so much over the last years and I am confident this new structure will enable us to continue to deliver the outstanding performance we’ve experienced over the years,” said Gabriel. “We are now well positioned and equipped to face future challenges and for long-term success. Reorganizing our company into three Regions was a great solution to streamline our operations and continue our growth pattern in a more disciplined fashion. Selecting Steve, Andrew and Bill as the Regional leaders was the best decision and I am extremely thankful they have accepted the challenge. It will be a fun ride.”
online 24 hours in the lif e o f . . .
24 hours
Dan Finch Country Manager for EDPR in the U.K.
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As managing director of EDPR UK, Dan Finch leads a growing team of 25 people in Edinburgh, Scotland, working to expand the company´s offshore wind development in the country. Dan has a background that brings together engineering authority and business expertise. He started his career as an engineer for the UK´s Ministry of Defense and later for Scottish Hydro Electric. After completing an MBA at the University of Strathclyde, in 2002, he became manager of wind projects for Scottish and Southern Electric. He later joined the founding team of SeaEnergy Renewables (recently acquired by Repsol) to compete with some of the world’s largest energy companies for the rights to develop commercial-scale offshore wind generation after the British government opened the U.K’s seas for development. Dan played a vital role in leading SeaEnergy´s successful bid to become an offshore wind developer, which led to his becoming development director for Moray Offshore Renewables (MORL). The joint venture between EDPR and Repsol (previously SeaEnergy) is aimed at developing 1.5 GW in offshore wind projects in the Moray Firth area off the northern coast of Scotland. After working closely with EDPR in his previous roles, Dan finally joined the company in June 2011. A family man, with three sons, Dan enjoys an active, outdoor life in the mountains of Scotland.
A native of Scotland, Dan Finch runs EDPR UK’s busy Edinburgh office, where he and his team are working to grow the company’s offshore wind interests. It’s a good fit, as Dan is as passionate about enjoying and preserving his country’s stunning outdoors as he is about using his expertise in engineering and business to develop renewable-energy solutions for the global.
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Entering the office
Morning preparation
Coffee and a view
Ready for a new day, despite the rainy Scottish morning.
Concentrates on his duties for the day.
Dan takes a short break before his first meeting starts.
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Videoconference
Meeting with external agencies
Lunchtime
Dan and his staff meet with the corporate departments in Spain.
Dan and colleagues brainstorm to find the best solution for the ongoing projects.
Dan grabs a quick lunch at the office with colleagues.
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Meeting with the representative of Repsol
The board of duties
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Reviews his list of priorities and updates it for the coming workday.
Dan heads home to enjoy dinner and some quiet time with his family.
A discussion on the important points for the Inch Cape and MORL offshore wind projects.
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onpeople Get to know your colleagues better
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Filipa Joana Pereira Abreu Data Analyst for the Remote Operations and Performance Infrastructure ilipa Joana Pereira Abreu has worked for EDP Renováveis for almost four years, after joining the company under an internship in the Exploration Analysis and Energy Management Division of the European Remote Control and Dispatch Management. She is a graduate in Mathematics and Computer Science, an education that sets her apart from many of her colleagues, who come largely from engineering backgrounds, thus giving her added value in the multidisciplinary activities performed by her team. Filipa, age 30, is currently a member of the Corporate Technical Unit at EDPR, that integrates the Remote Operations and Performance Infrastructure team as a Data Analyst. She participates in the process of data acquisition, treatment and quality control as in the presentation of KPIs and operational results of EDP Renováveis. She is also part of the WEMS (Wind Energy Management System) project team as well as the OPMS (Operational Performance Management System) development group, a subsystem of WEMS whose goal is to centrally file all the operational information from the wind turbine stations. She states “I think that my participation in a project of this size and importance is a unique opportunity and experience.”
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With regard to her place of work at EDPR in Oporto, what she likes best is the building, which she describes as “very modern, spacious and functional, a place where all the EDP Renováveis employees in Portugal meet, which has increased the interaction between colleagues from different divisions.” During her time here, one project has stood out especially for her: WEMS “both because of its size and the amount of information to be developed and because of the diversity of technologies, geographic areas and regulatory frameworks it includes. Professionally, she is inspired by forming part of a company whose business is based on a mission and cultural values that contribute towards EDP being the leader, for the second year running, of the Dow Jones World Sustainability Index in the electricity sector; it is “a reason to be satisfied and motivated.” Outside work, her hobbies include movies, reading, sports and long walks by the sea. Her greatest passion since she was young is music. Looking to the future, Filipa’s goals include continuing to make a contribution to the projects and activities she is involved in, while hoping to continue her professional development and learn much more about EDP Renováveis.
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The effort and dedication of our employees allow us to exceed as a group. In each issue, we highlight employees who have demonstrated diligence in their work at EDPR.
social scientist by training, Johnny Casana has worked for EDPR NA since July 2010 as a Project Developer in the Portland office... In this role, he helps to oversee the development of wind farms in the area, from their inception through the hand-off to construction. More specifically, Johnny and the rest of the development team are responsible for identifying prospects, securing land rights, interconnection and transmission, collecting wind data, supervising the permit process, establishing community relations, and tackling all other aspects of getting a project ready to build. According to Johnny, one of the best things about working in development at EDPR NA is how closely he and his colleagues get to collaborate with a wide variety of other departments, including Legal, Environmental, Energy Assessment, Construction, Operations and others, when bringing a project together. As project developer, Johnny finds that his job primarily revolves around problem solving. He sees his job as unique and
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rewarding, both professionally and intellectually, in that it allows him ample opportunity to apply his creative thinking skills in brainstorming solutions to a wide array of complicated problems. What’s even better in his opinion is that such creativity and problem-solving skills are recognized and rewarded at EDPR NA, regardless of status or hierarchy. In that regard, he advises new employees to “speak up when you think you have a good idea! You’re very likely to be heard.” While he is based in Portland, Oregon, Johnny spends most of his time on the job in California. In particular, he has taken on increased responsibility over the last few months for land acquisition at Rising Tree, one of the company’s newest wind farms, which is located about three miles outside the town of Mojave. Johnny describes the Portland office as a welcoming and friendly place to work, and remarks that after his first year, he “truly feels like an integral part of the Western Regional team.”
Prior to joining the Portland office, Johnny worked at the National Science Foundation as an anthropologist, a position which afforded him the opportunity to perform ethnographic fieldwork in the Andes of Peru. During another point in his career, he helped to coordinate the development and implementation of renewable energy solutions in several rural indigenous communities in Panama. Now, thanks to his work at EDPR NA, Johnny has been able to combine his love of travel and experiencing different cultures with his deep passion for sustainability. In particular, he enjoys getting out into the field when on the job and being the first point of contact. Creative endeavors are an essential part of Johnny’s personal life. He loves graphic design, painting and writing, and holds a degree in visual communication. In addition, Johnny plays in what he describes as a “brightly colored novelty rock band featuring 14 flailing ukuleles,” whose memberscan often be seen at Portland street fairs.
Johnny Casana Project Developer
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AnĂbal Viegas Management Consultant, Speaker, Facilitator and Coach. Masters in Applied Creativity by the University of Santiago de Compostela.
Daily Tips for You
Creativity. Being creative is seeing reality from other angles and perspectives. See how you can adjust your vision and achieve good results in your life.
Try Being an expert in a subject is good. But it’s even better when you understand a little of everything, as solutions to problems can come from other areas. Try to learn something new. Take a course or have a different hobby.
Break routines Routine is important to optimize the time and the activities that we need to accomplish. But it can blind us and we may miss the opportunity to see things from another angle. Take a different path, think differently!
Use your imagination In a world evermore mechanized, it is easy to find everything done. But we are losing our ability to create and imagine. Go back into the habit of reading fiction and novels. Children whose parents read them stories have more ability to create solutions and solve problems.
Share Exchange information with people and learn from them. Happy hour, break rooms and cafĂŠs are great for this. Ah, and social networks too!
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Based in the Madrid office, Ángela is part of the team that supervises the Environmental Management System (EMS) in the European platform.
Ángela Toledo, sustainability manager, EDP Renewables Europe
• Implement and certify the EMS in all of EDPR Europe’s operating wind farms • Ensure the continuity of the EMS, by communicating its true meaning and value for the company in terms of meeting business objectives and achieving sustainable development • Identify, prioritize and set targets and focus on the systematic and continual improvement of EDPR’s environmental performance
Ángela Toledo, a manager in the Sustainability Department of EDPR Europe, has been working on the company’s Environmental Management System (EMS) since 2008, when it was first developed and implemented at five wind farms in Spain. From its inception, the EMS has served to continually monitor, control and improve the company’s environmental performance in a comprehensive and systematic manner. In particular, explains Ángela, this powerful tool provides much desired benefits during the planning, construction and operational phases, when it can help to eliminate or minimize negative environmental effects caused by the company’s activities. Developed in accordance with the strict international standards set forth by the ISO 14001 and certified by Lloyd’s Register Quality Assurance Limited, the EMS guarantees EDPR’s compliance with all applicable legal and regulatory requirements, assures external stakeholders of the company’s
commitment to meeting its environmental responsibilities, and helps identify, assess, and prioritize which environmental aspects of a project are significant to its business objectives as well as its goals for improving the communities in which it operates. How all of this translates for Angela and her colleagues on the ground is that the EMS enables them to define the key environmental objectives and targets of a project and include them in planning and decision-making at the wind farm, country and platform levels. However, the system’s successful day-to-day functioning does not depend solely on the staff of the company’s Environment departments. Rather, it requires the participation and expertise of various other areas, including Operation and Maintenance, Asset Management, Legal, Human Resources and others. The commitment of this multidisciplinary team is what allows the EMS to bring its full value to EDPR. In the three years since the first EMS was successfully launched, EDPR has 18 onrenew
implemented the management systems in several other countries of operation. After Spain, Portugal was the first to follow, with France, Poland and Romania continuing to integrate such safeguards into their organizational structures well into 2011. In fact, according to Ángela, 2011 was a very productive time for the EMS program, with the environment teams implementing the management system at 90 wind farms, or around two-thirds of EDPR’s operating capacity in Europe. In 2012, the EMS project team aspires to finish the implementation and certification process in all of EDPR Europe’s operating wind farms. However, for Ángela and her colleagues, this commitment does not mark the end of the project. Instead, their challenge lies in ensuring the continuity of the EMS in the years to come, by accurately conveying its true meaning and value for the company in terms of meeting long-term business goals and achieving sustainable and responsible development.
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onchange Employees with the courage to change
Bernardo de Deus Pinheiro 33 years old Head of Financial Planning & Control for EDP Renováveis Brasil
t 33, Lisbon-born Bernardo de Deus Pinheiro landed two months ago in São Paulo, a city of around 11 million, where he will spend the next three years. “This change is a big challenge and a great career opportunity. Despite the cultural affinity, the country has incredible dimensions and a fantastic pace of growth.” This isn’t the first time Bernardo has changed countries. An economics graduate from the Portuguese Catholic University of Lisbon, he has a long track record in the renewable energy sector; from 2004 to 2006, he worked at the EDP Group’s Business Analysis office in Portugal, and in January 2010 he
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With three wind farms operating in the south of the country, EDPR believes that Brazil has tremendous wind energy potential to leverage the company’s growth. “Brazil has a vibrant economy, and is experiencing a period of opportunities and prospects for growth. The company is planning two wind power plants in the north-eastern part of the country.” Bernardo has ambitious goals to meet ahead, such as managing the team, maintaining good communication with shareholders, building a positive team outlook and helping the company stay competitive in the Brazilian market. Little by little, he is adapting to Brazilian customs.
“Brazil has a vibrant economy” Born and bred in Lisbon, Bernardo is equally excited about meeting the challenges of his job as by embracing Brazilian culture.
joined the EDP Renováveis team in Madrid in the area of investments and special projects. “I made major professional strides during this time, and got to know other countries like Poland and Romania, where I analyzed potential investments and took care of everything from pre-negotiations to the closing of business to acquire companies or assets, always for the ultimate purpose of helping the company grow in its sole mission of building and operating wind farms.” While restructuring the Brazilian team, which is focusing on the fast-paced growth of Brazil’s wind energy market, the company’s management, invited Bernardo to lead the financial and planning/control areas of EDP Renováveis Brasil. 20 onrenew
Brazilian food and cultural programs are already part of the routine. Far from home, Bernardo says that being in Brazil gives him a sense of greater distance from family and friends. In early 2012, thankfully, this distance will grow much smaller when his wife arrives to join him. “Right now, I’m going through a phase of anxiousness and adaptation but I am focused on work.” Although recently arrived, Bernardo has already experienced Brazil’s passion with a trip to Morumbi stadium for a Brazilian championship football game. He already has plans to take part in the second national passion. “I want to go to Salvador, Bahia with my wife for Carnaval. And in the next few years, who knows… maybe have a Brazilian child.”
“After travelling through European countries, Bernardo will be spending the next few years in the land of samba and football stars. With great potential for wind energy investments, Brazil’s warm tropical winds inspire his personal and professional life.”
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ontrack World events EDP
EDP RENOVÁVEIS EMPLOYEES SHOW SOLIDARITY In Europe…
The EDP Renováveis Christmas campaign was an absolute success, half of the EDPR Group’s staff, made a donation to UNICEF. Per employee donation, EDPR donated 28 euros for a total donation of 10,024 euros. Combined with 10,570 euros donated by employees, the multi-national company’s total contribution was 20,594 euros. For UNICEF, this is one of the largest donations on record from a private
company, attesting to the generosity of EDPR workers. According to the organization’s own data, this donation will be used to either will save the lives of 17 children in Africa; or give up to 200 families access to potable water for 60 years or it could provide nutritional supplements to 82,800 children for one week, which all of will certainly make a difference for their survival. Because every donation is important, approximately fifty Christmas presents 22 onrenew
given to the children of EDPR employees come from UNICEF’s toy campaign. Individuals may also can contribute to this campaign by acquiring toys from UNICEF. In addition to the large donation to UNICEF, EDPR collaborate to donated 30 Christmas baskets containing food and essential products to needy families in Madrid.
And in the United States
In the spirit of the holiday season, EDP Renewables North America employees
The 3000 MW Threshold Has Been Conquered On Sunday, November 13, 2011 at 1:08 AM, EDPR North America hit an instantaneous peak energy production of 3014 MW. “We hope the company continues setting new production records often,” said Director of Operations Support Services Richard Brown. “This demonstrates the hard-work and determination of many groups in the company. I would like to first recognize the Operations teams who ensure the turbines are available during windy times. The second group that I would like to mention is Performance Management who analyzes opportunities to increase turbine efficiency.”
Currently EDPR NA’s installed capacity is approximately 3558 MW. Maximizing energy production is a priority. “All of our Operations Team has worked very hard to increase our Wind Turbine Generator (WTG) availability to be able to maximize production when the wind blows,” said Operations Director Terry Oswald. “This takes significant effort and coordination with our OEMs and contractors to ensure maintenance and repairs are conducted at low wind periods even if that means working well into the evenings and weekends.”
+ Long term contracts for 120 MW at the Brazilian energy auction
gave back to the community in a big way. Through the Volunteer Committee, employees across the platform were challenged to donate new toys for the United States Marines Toys for Tots Foundation. Now in its 64th year, Toys for Tots is a not-forprofit organization that provides gifts to less fortunate children during the holiday season. Ten EDPR NA teams registered for the donation challenge and
collected 824 toys which was enough toys to help nearly 300 families. From the employees who participated, over five toys were donated per participant. In 2010, Marines distributed gifts to 7.2 million children in over 700 communities nationwide. The United States Marine Toys for Tots Foundation relies on individual donations from the American public as well as support from corporate sponsors. onrenew 23
EDP Renewables through its subsidiary EDP Renováveis Brasil, S.A. (“EDPR Brasil”), has secured four 20-year Power Purchase Agreements (“PPA”) at the Brazilian energy A-5 auction held on December 20th 2011, to sell electricity in the regulated market. The four PPAs are related to the equivalent renewable energy produced by four wind farms totalling 120 MW, to be installed in the State of Rio Grande do Norte, in Brazil. The projects are located in one of the windiest locations of Brazil and in a region with the highest number of awarded PPAs in previous auctions. Given the high quality projects and the predefined bidding strategy that enhanced the projects’ investment competitiveness in the process, EDPR was able to sell 57 average MW in the A-5 auction, for a period of 20-years to start in January 2016. The price of the long term contract was set at R$97/MWh, indexed to the Brazilian inflation rate. The successful outcome from this auction enables EDPR to clearly reinforce its presence in a market with a low risk profile through the establishment of long term PPA, attractive wind resource and strong prospects for the wind sector in the medium and long term, and definitely establishes its subsidiary EDPR Brazil as a long term player in the Brazilian market.
on track
Villa Castelli Wind Farm in Italy under construction
In Italy, EDP Renewables erected the first 2 of 10 WTGs in Villa Castelli wind farm
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EDPR ranked the most trusted energy company in Portugal EDPR has been ranked the most trusted company among energy and utility firms in Portugal, according to the Reputation Institute’s analysis of the Portuguese market for 2011. The study showed that EDPR dominated in nearly all reputation categories that were measured, including products and services, innovation, workplace, governance, citizenship and performance. The one exception was the leadership category, where EDP Group took the lead thanks to “the very image of its leader, António Mexia,” Pedro Cabrita Carneiro, a partner of the Reputation Institute in Portugal, told Portuguese newspaper Económico. Each year the international reputation
consulting firm ranks companies on its global index, and provides individual reports by market and sector. The results for 2011 show that EDPR earned an index score of 67.5, the highest in the energy and utility sector in Portugal. Parent company EDP Group also received an above average score of 60.9. Of the nine energy and utility companies analyzed in the country, four were above the average rating of 60.1, while five were 24 onrenew
below. The companies above the average also included CTT and Galp Gas Natural, while those below the average were Repsol, Aguas de Portugal, BP, Galp Energia and REN. Cabrita Carneiro, of the Reputation Institute, told Económico that the energy and utilities sector is one that has a strong impact on people’s lives, and therefore public perception is very sensitive. To him, EDPR has the best reputation largely because of “the nature of the business, which is green power, unlike the other companies.” On the other hand, he said, Galp was penalized for its fluctuation in prices where the general public perceives a lack of transparency.
on track
EDP Renewables presents University Challenge 2012 EDP Renewables launched the EDP University Challenge 2012 at Technical School of Engineering of Gijón. Spanish university students can start submitting renewable energy-related projects to the competition. The EDP University Challenge 2012 is entitled “EDP and Renewable Energies: Facing the Future Side by Side”, and features some significant modifications on last year’s format. The 2012 edition has three award categories. The winning project will receive
a €6,000 grant, as well as a research grant worth €3,000 for the supervising tutor. The project awarded second place will receive a €3,000 grant and a €1,500 research grant for the supervisor, and the award for third place comprises a €2,000 grant and a €1,000 research grant. The 2011 edition of the challenge stood out for the remarkable number of projects presented – over 40 – and it is hoped that EDP University Challenge 2012 will receive even more entries, thanks to the huge
interest the initiative has sparked among Spanish universities. EDP Renewables launched the EDP University Challenge in Spain in 2009 and in Portugal in 2007. Thanks to its great success, this year the challenge has been extended to Brazil. The challenge aims to support and reward university students for the practical application of their academic knowledge to the development of projects or ideas in the field of renewable energies.
ENEOP executes project finance of €260 million for 376 MW in Portugal EDP Renováveis informed that its associated company ENEOP – Eólicas de Portugal, S.A (“ENEOP”) executed a project finance structure with the European Investment Bank (“EIB”) for its second group of wind farms developed in Portugal, totalling 376 MW. Following this transaction ENEOP has its first (480 MW) and second (376 MW) group of projects with long‐term financial structures in place. The long term contracted debt facilities amount to €260 million: 1) EIB Structured Finance Facility of €100 million, which is expected to be funded in the first quarter of 2012; and 2) EIB Guaranteed Facility of €160 million to be funded once its condition precedents are met. The closing of this transaction will allow an equity reimbursement to ENEOP’s shareholders, which have
fully funded the investment in the second group of projects through equity contributions and shareholder loans. In 2006 the ENEOP consortium, which includes the wind power operators EDPR, Enel Green Power and Generg Group along with the industrial partner Enercon, signed a contract for the development of 1,200 MW following a competitive public tender made by the Portuguese Government. EDPR has a 40% stake among the wind power operators that participate in this consortium, of which 321 MW of 480MW were already in operation as of September 2011. EDPR continues to execute top quality projects which are enabling the company to diversify its funding sources and access to local project financing at a competitive cost. onrenew 25