IPPs have always been at the forefront of clean energy, and today many are rapidly evolving into what we call Next-Gen IPPs.
To understand what that shift really looks like, Luca Pedretti interviewed eight senior leader, asking them the same set of questions:
- What does the term IPP mean today?
- How is the sector evolving?
- What commercial and operational capabilities are most critical – and how are you strengthening them?
- What is your approach to energy management capabilities such as origination, portfolio management, balancing, and short-term trading.
- What is your IPP stack in terms of data, tools, and teams?
- What challenges and opportunities do you foresee over the next three years?
- What advice would you give to peers across the industry?
Joanna Ellis
Chief Commercial Officer, NadaraKey insights:
- How full revenue management with an internal trading desk and dispatch unit works in practice.
- Why credit oversight is becoming a major and time-consuming hurdle for many IPPs.
- What defines an IPP with a more strongly utility-like organisational setup.
Ivan Nieto Ruiz
Chief Commercial Officer, ZelestraKey insights:
- Why strong structuring and pricing capabilities sit at the core of competitive IPP models.
- How short-term portfolio skills help manage merchant exposure and battery assets effectively.
- Approaches that support managing today's rising operational complexity.
Axel Thiemann
CEO, SonnedixKey insights:
- How IPPs have shifted from government-backed contracts to customer-focused generators.
- Why risk management and customer demand shape portfolios and decisions.
- Operational adjustments needed to keep pace with evolving commercial expectations.
Jordi Francesch and Pierre Bartholin
Managing Director and Head of Power Hedging & Origination, Nuveen InfrastructureKey insights:
- What a clear long-term vision for the IPP model looks like from a Private Equity standpoint.
- How wholesale-focused portfolio management and optionality-driven strategies are implemented in practice.
- Which benchmarks matter when designing an IPP and scaling FTEs.
Jesper Schaumburg-Düring
Commercial Director, Eurowind EnergyKey insights:
- Why technical expertise and trading capabilities need to operate closely to ensure efficient commercial performance.
- How origination, portfolio management, and trading can be structured to cover broad and diverse geographic markets.
- Scale required to run the full set of integrated IPP commercial activities consistency.
Kai Rintala and Aleksi Nordlund
Managing Director and Head of Power Markets, Taaleri EnergiaKey insights:
- How a private equity fund can function like a full IPP across commercial operations.
- How Taaleri evolved to become an international market participant.
- Why advanced IT systems underpin asset management and revenue management performance.
Mehmet Energin
Chief Investment Officer, OX2Key insights:
- How the company expanded into a multi-technology IPP operating across markets.
- How volatility and rising interest rates increasingly influence ownership decisions, financing approaches, and long-term value strategies.
- Why commercial scale and strong operational capabilities are becoming essential for sustained competitiveness.
Jérôme Tricot
Director, Asset Performance & Optimization, MirovaKey insights:
- Why robust structuring and pricing capabilities are vital for assessing complex PPAs and hybrid risks.
- Why an internal risk model can offer advantages over relying solely on external tools.
- How IPPs combine market insight, technical skill, and strong local partnerships to unlock value.
Read the Next-Gen IPP Playbook – the teams, systems & strategies
needed to capture value, manage risk & optimize revenues today.
Learn more >
