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

- 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.
- 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.
- Monitor commercial performance of operating assets a

📌 Energy Manager (Madrid)
🏢 Velto Renewables
📍 Madrid