CEO Insights Magazine

With a unique combination of visionary leadership, financial expertise, and a strong commitment to sustainable growth, this CEO has played a pivotal role in shaping Poland's renewable energy landscape. His extensive background in global finance has empowered him to strategically lead one of Poland's largest wind farms, driving innovation and integrating advanced energy storage solutions. His dedication to long-term value creation sets him apart in the industry. This distinguished leader is Adam Ofek, the CEO of YVS Cerac Management CY Ltd and CEO & Founder of CERAC since 2009.

Adam Ofek is a leader with a wealth of experience in finance, energy, and project management. With a career that spans decades, Adam has consistently demonstrated his ability to navigate complex markets and spearhead large-scale ventures, particularly in the renewable energy sector. His leadership is marked by a focus on strategic growth, operational efficiency, and innovation, enabling him to lead his company to new heights in an evolving industry.

Below is an excerpt of Adam Ofek’s exclusive interaction with CEO Insights Asia magazine.

Since 2009, you have been leading the company towards strategic growth. How do you look back at the journey you have built so far in your career path?

Reflecting on my journey since 2009, I see it as a rewarding evolution. Having built my expertise in financial markets regulated by NASD, FSA, ISA, SEC across Europe, New York, Singapore, and Israel, I shifted to renewable energy with a fresh perspective. Leading this strategic growth, particularly in Poland and Greece, has been both challenging and fulfilling. Each phase, from portfolio management to managing public companies and large-scale acquisitions, has strengthened my leadership. My journey reflects continuous learning and resilience, always pushing boundaries and adapting to industry shifts. I’m proud of what I’ve achieved so far, and I look forward to driving an even greater impact in the years ahead.

How would you describe your leadership approach? What sets your leadership apart in the industry?

My leadership approach is rooted in communication and empowerment. I believe in giving my managers autonomy to lead their divisions, especially in the fast-paced renewable energy industry. This trust enables them to make quick, informed decisions, which is critical when managing projects in distant locations. While I encourage independent leadership, I ensure I’m always available for support when needed. This balance of freedom and guidance sets my leadership apart, fostering a collaborative yet agile environment for growth and success.

How do you drive a culture of innovation in your team?

I drive a culture of innovation by continuously investing in my team's growth and exposure. We regularly encourage participation in international conferences, ensuring they stay updated on industry trends. Even our junior members are sent for specialized training, whether it’s in their area of expertise or for broader skill development, like language courses. This commitment to learning empowers the team to bring fresh perspectives and ideas, fostering an innovative mindset that keeps us ahead in a fast-evolving industry.

What are the characteristics you look for in identifying the right market leader for collaboration/partnership purposes?

When identifying the right market leader for collaboration, I prioritize transparency and trust. It’s essential that our partners operate with full disclosure, ensuring their actions align with agreements. Building a relationship founded on trust is key, which is why I believe in meeting face-to-face, beyond just virtual interactions, whenever possible.

What are the potential growth opportunities and developments that could take place in the market going forward, in your opinion?

In the renewable energy sector, particularly in wind and solar, two key developments could significantly drive growth. The first is the real integration of energy storage jointly with the Hybrid project, which combines wind and solar. This is now perfectly integrated in Poland with a specific ‘Kable Pooling Law’. While storage has been a hot topic, its practical application and structured modeling have lagged. Now, as markets increasingly focus on incorporating storage with wind and solar, it will revolutionize grid stability. The second opportunity lies in hybrid projects, like those in Poland, where combining energy sources both behind and in front of the meter will optimize efficiency and enhance grid reliability. These innovations could drastically reshape the future of renewable energy.

Going forward, what is the future roadmap you have envisioned for your journey?

Our future roadmap is centered on strategic expansion, starting from our base in Cyprus. After establishing a strong presence in Poland, where we have built several projects in the country, including largest wind farm, the Potegowo project, we have shifted focus to Greece. Our approach is to concentrate on one country at a time, aiming to develop at least additional 300-400 megawatts in each. In Poland, we’ve already developed 48 megawatts and now commissioned and plan to add 250 more within three years. Similarly, in Greece, we are developing 500 megawatts, with construction of the first 44 megawatts expected as soon as December to start construction, and we are incorporating storage solutions for enhanced efficiency.

Adam Tuvia Ofek, CEO, YVS Cerac Management CY

Adam Ofek is the CEO of YVS Cerac Management CY Ltd, known for his visionary leadership in the renewable energy sector. With a strong background in global finance, Adam has led large-scale wind and solar projects, focusing on innovation and sustainable growth, particularly in Poland and Greece.