Velto Renewables’ contribution to labour market entry

Velto Renewables’ contribution to labour market entry

Velto Renewables is an IPP, which stands for Independent Power Producer and is often used in the renewable energy sector to refer to electricity production companies that integrate the entire value chain from development to investment, operation and long-term holding of solar and wind power plants.

The company, the European renewables subsidiary of the prestigious Canadian institutional investment group Caisse de dépôt et placement du Québec (CDPQ), was founded in the last days of 2020, setting up its identity and activities from 2021.  Since then, Velto has been committed to incorporating a pool of trainees from different technical and financial disciplines into its team, in order to create professional synergies between them and senior employees. This initiative has led the group to sign collaboration agreements with numerous Spanish universities and study centres including, among others, the Universidad Politécnica de Madrid, Universidad Complutense, Universidad Carlos II, Universidad Pontificia Comillas, etc.

Velto owns and manages a significant portfolio of solar and offshore wind assets in Spain and the UK that generate consistent financial results every year (EBITDA in excess of EUR 100 million). At the same time, the company’s management has always favoured an holistic integration of trainees with the rest of the team, thus facilitating their exposure to the company’s global activities, interaction with relevant national and international counterparts and the progressive assumption of responsibilities. In this way, students for whom Velto is often one of their first professional experiences, enjoy a unique opportunity to acquire a global vision that outlines their potential future professional development.

Members of the Velto team at the GENERA 2023 conference

María Camila Arango, who was with Velto between 2021 and 2022 as an Asset Engineer, sums it up as follows: “Velto for me was the opportunity to learn and start my professional path in the energy sector in a growing company, being part of a team that opened doors for me.” For Ciro Calahorra, Commercial Analyst from 2022 to 2023, “My experience at Velto was one of the first steps in my professional career. It was also my first contact with the world of energy transition. I was able to learn a lot about a sector that was practically new to me, and I was able to participate and join in most of the meetings and projects in which Velto was involved.” Paula López, Asset Engineer for more than a year, is grateful for her time at Velto: “A perfect company to enter the large renewable energy sector. Velto is a familiar and dynamic team, in which I have certainly learned and grown professionally.”

This and many other initiatives by Velto Renewables demonstrate that when it comes to investments in the renewable energy sector and the energy transition, one of the decisive factors is capital – human capital.