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EDP Renewables NA hires Duke Energy vet

Sybil Cioffi headshot online.jpg

EDP Renewables North America has hired renewable energy industry veteran Sybil Cioffi as director of finance.

Cioffi joins the developer and operator after working at Duke Energy Renewables for 14 years. At Duke, she worked as director of Structured Finance & Analytics. In that role, she led new business opportunities and investments of $750 million annually, originated more than $3 billion of tax equity, and managed financial valuation for acquisitions and equity joint ventures, among other responsibilities.

In her new role, Cioffi will be responsible for capital raise activities, including structuring, negotiation and execution of third-party financing deals, such tax equity partnerships, project finance and capital markets treasury.

“Our North American platform has targeted adding 2GW per year of new capacity to our portfolio over the next several years and for that we will rely on the unparalleled execution of our team and the continued support of our financial partners with whom we have forged solid and trustworthy relationships,” said Pedro Pires Joao, EDP Renewables North America chief financial officer. “I am pleased to welcome Sybil to EDP Renewables and look forward to working alongside her in the continued success of our growth story in North America.”

EDP Renewables North America develops, constructs, owns and operates wind farms and solar parks throughout North America. Headquartered in Houston, Texas, with 58 wind farms, nine solar parks and eight regional offices across North America, it's developing more than 8,800MW and operates more than 8,200MW of onshore renewable projects.

EDP Renewables NA’s represents $10 billion in assets, $900 million in EBITDA and a capital plan of more than $1.5 billion. In its 2021-2025 business plan, parent company EDP committed to invest around $24 billion to accelerate the energy transition, of which around $10 billion will be spent on new renewable energy development in North America.