BlueFloat CEO Steps Down – CleanTechnica

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Final Up to date on: twenty seventh February 2025, 01:15 am

Carlos Martín Rivals has introduced his determination to step down as CEO of BlueFloat Power. He made the announcement in a Linkedin publish.

“After careful thinking, I’ve concluded that it is the right moment to turn the page on my role in the company I founded with the support from 547 Energy and Quantum Capital Group in 2020 and move forward to explore other opportunities,” he mentioned on Linkedin.

Rivals, a seasoned govt within the renewable power sector, based BlueFloat Power in 2020 in the course of the early levels of the COVID-19 pandemic, with backing from 547 Power and Quantum Capital Group. He envisioned harnessing the potential of floating offshore wind energy, a know-how enabling wind farms to be put in in deeper waters with stronger, extra constant wind.

Achievements as CEO

Throughout his time at BlueFloat Power, Rivals achieved a number of milestones that solidified the corporate’s place as a frontrunner in offshore wind improvement.

Below his management, BlueFloat Power expanded its venture portfolio to over 13 GW throughout a number of markets, together with Europe, Asia-Pacific, and Latin America, with 11 GW of secured seabed leases anticipated to achieve Closing Funding Choice (FID) between 2028 and 2032.

He performed a key function in securing over 6 GW via aggressive tenders globally, together with initiatives in Scotland (Sinclair and Scaraben) and Australia (Gippsland Daybreak).

He additionally spearheaded BlueFloat’s entry into key markets such because the Philippines, Portugal, and Taiwan.

In 2023, he led profitable efforts with the BlueFloat Philippines president, the late Raymund Pascual, to safe a formidable 7 GW of offshore wind capability within the Philippines via partnerships and strategic initiatives.

Moreover, he oversaw the profitable Environmental Influence Evaluation (EIA) approval for vital initiatives just like the Winds of September floating wind farm in Taiwan, which was among the many first floating wind ventures in Taiwan to realize this milestone. Below his management, BlueFloat Power acquired accolades such because the “Highly Commended” prize on the Wind Funding Awards 2023 for its contributions to offshore wind improvement.

Prior Expertise

Earlier than founding BlueFloat Power, Rivals constructed an in depth profession within the power trade. As Venture Director at EDP Renewables, he managed the WindFloat Atlantic venture off Portugal’s coast, a groundbreaking venture that was the primary floating wind farm to safe financial institution financing and obtain FID in 2017. Previous to this, Rivals spent eight years at McKinsey & Firm’s power apply, main initiatives on progress technique, mergers and acquisitions (M&A), operational excellence, and preliminary public choices (IPOs). He additionally served as Common Supervisor for Europe and Asia at Prosegur earlier than transitioning absolutely into renewable power.

Based on his resume on Bluefloat’s company web page, he holds an MBA from INSEAD and a Grasp’s diploma in Civil Engineering from ENPC (Paris) and UPM (Madrid). He additionally serves as an adjunct professor of technique at IE Enterprise College in Madrid.