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Last Updated on: 27th February 2025, 01:15 am
Carlos Martín Rivals has announced his decision to step down as CEO of BlueFloat Energy. He made the announcement in a Linkedin post.
“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 said on Linkedin.
Rivals, a seasoned executive in the renewable energy sector, founded BlueFloat Energy in 2020 during the early stages of the COVID-19 pandemic, with backing from 547 Energy and Quantum Capital Group. He envisioned harnessing the potential of floating offshore wind power, a technology enabling wind farms to be installed in deeper waters with stronger, more consistent wind.
Achievements as CEO
During his time at BlueFloat Energy, Rivals achieved several milestones that solidified the company’s position as a leader in offshore wind development.
Under his leadership, BlueFloat Energy expanded its project portfolio to over 13 GW across multiple markets, including Europe, Asia-Pacific, and Latin America, with 11 GW of secured seabed leases expected to reach Final Investment Decision (FID) between 2028 and 2032.
He played a key role in securing over 6 GW through competitive tenders globally, including projects in Scotland (Sinclair and Scaraben) and Australia (Gippsland Dawn).
He also spearheaded BlueFloat’s entry into key markets such as the Philippines, Portugal, and Taiwan.
In 2023, he led successful efforts with the BlueFloat Philippines president, the late Raymund Pascual, to secure an impressive 7 GW of offshore wind capacity in the Philippines through partnerships and strategic initiatives.
Furthermore, he oversaw the successful Environmental Impact Assessment (EIA) approval for significant projects like the Winds of September floating wind farm in Taiwan, which was among the first floating wind ventures in Taiwan to achieve this milestone. Under his leadership, BlueFloat Energy received accolades such as the “Highly Commended” prize at the Wind Investment Awards 2023 for its contributions to offshore wind development.
Prior Experience
Before founding BlueFloat Energy, Rivals built an extensive career in the energy industry. As Project Director at EDP Renewables, he managed the WindFloat Atlantic project off Portugal’s coast, a groundbreaking project that was the first floating wind farm to secure bank financing and achieve FID in 2017. Prior to this, Rivals spent eight years at McKinsey & Company’s energy practice, leading projects on growth strategy, mergers and acquisitions (M&A), operational excellence, and initial public offerings (IPOs). He also served as General Manager for Europe and Asia at Prosegur before transitioning fully into renewable energy.
According to his resume on Bluefloat’s corporate page, he holds an MBA from INSEAD and a Master’s degree in Civil Engineering from ENPC (Paris) and UPM (Madrid). He also serves as an adjunct professor of strategy at IE Business School in Madrid.
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