OW Ocean Winds
Ernesto Vargas Espinosa has a strong background in finance and corporate management. Ernesto currently holds the position of Structured and Corporate Finance Director at OW Ocean Winds, a role they assumed in March 2023. Prior to this, they served as the Head of Structured and Corporate Finance at the same company from November 2019 to March 2023. Before joining OW Ocean Winds, Ernesto worked at EDP Renewables for twelve years, starting in October 2007 as a Project Finance Manager. Prior to that, they gained initial experience in finance as a Treasury Analyst at LyondellBasell from January to September 2007.
Ernesto Vargas Espinosa has a diverse education history. Ernesto completed an Executive Development Program in finance at IE Business School in 2015. In 2014-2015, they pursued a Curso de Construcción de Modelos y Análisis de Proyecciones Financieras at IEB. From 1999 to 2006, they earned a Bachelor's degree in Law and Business Administration from Universidad Autónoma de Madrid. Ernesto later studied History at Universidad Nacional de Educación a Distancia - U.N.E.D. starting in 2009. Additionally, they participated in the Erasmus Program at KU Leuven and the International Program UAM at Universidad de 'San Andrés'.
OW Ocean Winds
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Ocean Winds (OW) is an international company dedicated to offshore wind energy and created as a 50-50 joint venture, owned by EDP Renewables and ENGIE. Based on our belief that offshore wind energy is an essential part of the global energy transition, we develop, finance, build and operate offshore wind farm projects all around the world. When EDP and ENGIE combined their offshore wind assets and project pipeline to create OW in 2019, the company had a total of 1.5 GW under construction and 4.0 GW under development; OW has been adding rapidly to that portfolio and is now on a trajectory to reach the 2025 target of 5 to 7 GW of projects in operation, or construction, and 5 to 10 GW under advanced development. In 2022, OW’s offshore wind gross capacity already operating, contracted or with grid connection rights granted reaches 14.6 GW. OW, headquartered in Madrid, is currently present in 8 countries, and primarily targets markets in Europe, the United-States, selected parts of Asia and Brazil. Today OW has a global presence, integrating diverse people all over the world. We value and promote this diversity as a factor creating value and innovation. We recognize that multiplying differences is to go further, to bring together points of view and ways of seeing the world, to integrate all aspects, to be consciously inclusive, particularly by means of profiles, paths and experiences that bring value and enable us to do what we have to do best. We foster diversity and inclusion by ensuring equal opportunities as an employer, which we also encourage in our suppliers. LET’S COWRITE THE FUTURE OF ENERGY TOGETHER!