United States of America
8 days ago
We are delighted to be exclusively representing a breakthrough clean energy IPP in their search for a Manager of Clean Energy Portfolio Management. This key hire will lead asset management strategy for a growing portfolio of clean energy projects while also optimizing the operational portfolio.
The firm are a well-established Renewable Energy Power Producer, with an extensive development pipeline throughout the US. The operating portfolio includes battery storage, hydro, solar and hybrid projects, with the current dev pipeline at over 1000MW (mix of solar, battery and offshore wind).
The firm were recently successful in the NY offshore lease auction so this is truly a rare opportunity to join a collaborative, lean team of industry experts who are truly at the forefront of the US energy transition. This individual will support the development and operation for one of the first offshore wind projects in the US.
Reporting to the Senior Vice President, Commercial, the Manager of Clean Energy Portfolio Managementwill be responsible for leading the commercial portfolio management efforts for the North American market across multiple technologies and projects. The position plays a key role in building and maintaining relationships with Customers, ISO’s and brokers in different power markets. The Manager of Clean Energy Portfolio Management will lead the efforts to identify and implement non-traditional value creating opportunities to increase overall margins for the clean energy and energy storage portfolio.
Our client is focused on evolving its Portfolio Management strategy to cover both its existing operating assets as well as its newer and growing pipeline of development assets, which together include hydro, storage, solar and wind technologies.
This role will have a unique opportunity to develop our 24hr Real Time desk to offer our portfolio management as a commercial service. The firm is actively undergoing a number of expansion efforts that will require a nimble and forward-looking vision to ensure we stay at the forefront of evolving markets for renewable and energy storage projects. With this position we are seeking a driven and creative leader to help build an industry-leading clean energy portfolio management function.
This position will work closely with the Commercial, Business Development, Corporate Strategy, Finance, Regulatory and Operations teams. As a leader in the organization, the Manager of Clean Energy Portfolio Management will help lead a team committed to delivering value for our portfolio of assets.
This position does not currently supervise any direct reports, but our client anticipates growth potential in the future as the company continues its current aggressive growth trajectory.
Key Responsibilities Include:
Lead efforts to identify and implement non-traditional value creating opportunities to increase overall margins for the clean energy and energy storage portfolio.
Assist Strategy/Business Development team with asset valuations and post-acquisition/development asset integration
Develop and implement short-term and long-term hedging strategies for RECs and Power
Assist origination team in structuring and negotiating complex sales transactions, long term Power Purchase Agreements (PPAs) with utilities and C/I customers for both existing generation portfolio and projects in development pipeline.
Support the optimization of relationships with procurement teams at universities, trading and origination desks, utilities, municipalities, cooperatives, and C&I off-takers
Maintain expert working knowledge of North American wholesale commodity market fundamentals and ISO/RTO protocols
Oversee reporting on market activity and performance metrics to internal/external leadership teams
Establish relationships with procurement, trading and origination desks at public and private utilities, Munis, coops, C&I off-takers (corporates), and marketers
Drive power marketing “ideas” to definitive deliverables (financial models, term sheets, contracts) and timetables for execution
RFP & Proposal Development - Identify RFP opportunities and originate bilateral PPA targets outside formal RFP processes
Qualifications / Skills Sought:
Advanced Degree preferred.
5 + years of experience in Asset Management and management roles.
Possess deep power markets expertise in ISO-NE, PJM, NYISO
Knowledge of and experience in over-the-counter forward markets, physical markets, and/or future markets.
Experience working in CAlSO, ERCOT, PJM, MISO, SPP, NYISO, ISO-NE, IESO (Ontario) and bilateral markets is preferred.
Understanding of concepts including basis risk, power markets, hedging, losses, and congestion
Ability to build strong customer relationships across organization levels
Capable leader who can effectively manage others to high performance
A driven leader who is highly motivated and hard-working with high standards for self and others
Resourceful and comfortable operating in an entrepreneurial environment