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  • Job Title

    Commercial Origination Director

    Salary
    Location Chicago
    Type
    Sector Renewable Energy

Our client is looking for an experienced Commercial Origination Director to help launch and grow a renewable energy business platform focused on wind and solar generation in the United States.

The Commercial Origination Director will work closely with the Business Development colleagues on the appropriate valuation of project acquisition opportunities and also source, originate and secure power off-take structures for renewable projects as required.

 

Key Responsibilities:

  • Develop robust market perspectives and forecasts in a formal Strategic Commercial Plan through rigorous analysis and research using both internal and external resources as required to meet company objectives and be accountable for implementation this plant to optimise the commercial return
  • Originate and close PPA, REC and Hedge Agreement negotiations that result in optimised economics for projects
  • Prepare bids in response to RFP’s while working with the Business and Project Development teams to synthesize required documents in order to support negotiation activities
  • Evaluate congestion analysis and transmission experts
  • Design power-scheduling team structures for active projects
  • Provide revenue assumptions (including forecasting of power and REC values) for project financial models
  • Provide critical analyses of regulatory and policy frameworks that can influence project economics
  • Identify project risks, defining and implementing appropriate mitigation actions
  • Integrate company systems and governance requirements into the management process, working with appropriate domestic and international standards
  • Identify value-adding and profitability influencers through development, regulatory and permitting analyses to improve projects bankability
  • Ensure project-specific financial assessments capture execution assumptions for the business case
  • Commit and adhere to all health and safety policies and requirements

 

Key Requirements:

  • University degree in relevant disciplines requiring strong analytical skills
  • Strong and proven track record of successful PPA, hedge, REC sales and general power off-take agreements for wind and solar projects in various US markets
  • Deep understanding of the US Power markets, fundamentals, grid dynamics, and policy trends
  • Superior commercial acumen, understanding of financial approaches regarding accounting and proven track record in modelling skills
  • Flexibility to travel as required to support the US business plan