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What The Role Is
The Utility Asset Management team is responsible for the financial and commercial management of over 5,000 MW of wind, solar and battery assets across the United States. Asset Management also serves as the owner’s representative ensuring budget control, value optimization, and risk mitigation are performed during the entire operational lifecycle of a project.
The Analyst will work closely with the other members of the Asset Management team and a wide range of Clearway departments with a goal of maximizing the value of assets and supporting growth initiatives. The primary focus of this position is to design, implement, and maintain processes and tools that facilitate the commercial management and fiscal oversight of the assigned assets.
What You’ll Be Doing
Due Diligence on New Project Investments:
Support project evaluations, project agreement and contract reviews and due diligence to help make recommendations in support of acquisitions, divestitures and/or investments in company developed projects.
P&L Management:
Provide P&L analysis and economic performance for generating assets within assigned portfolio.
Perform financial analyses, project evaluations, and due diligence to help make recommendations in support of plant optimization, recovery plans, revenue enhancement, and other major capital investments.
Monitor Data Acquisition System and investigate major plant outages and influence resolution.
Review O&M and other plant performance reports to monitor operational performance and address deviations.
Coordinate with O&M to compile monthly operations variance reports, address deviations from budget.
Review project company agreements to accommodate any project modifications.
Update financial models on an ad-hoc and quarterly basis.
Project Company Administration, Compliance & Reporting:
Lead business administration activities and coordinate with cross-functional teams to help ensure asset/landowner obligations and interests are administered under the project and financing agreements.
Support regional commercial and contractual business activities as needed.
Assist in negotiations with PUCs, ISOs, city, county and state authorities and governing boards.
Prepare monthly lost output and guaranteed energy production reports per applicable PPA requirements.
Prepare and submit monthly and quarterly lender reports per requirements of financing agreements.
Maintain compliance with contract deliverables and other project documents within assigned portfolio.
Community & Project Stakeholder Engagement:
Form positive relationships with external stakeholders including customers, partners, landowners, etc.
Identify project-related opportunities for charitable giving to foster community goodwill.
What You’ll Bring
Bachelors in Engineering, Finance, Business, Economics or related field required
0 to 3 years’ experience in a project valuation, project development, project administration, business administration, project management, asset management, contract administration, deal execution, project finance, energy and environmental market analysis, or other commercial roles.
1-year renewable energy industry experience in solar, wind, geothermal or hydro.
Experience manipulating and managing large amounts of structured and unstructured data. Prior experience with use of advanced formulas in Excel (i.e., vlookup, sumproduct, sumif, index/match, conditional formatting, etc.) and creating reports from scratch.
Experience managing external client relationships.
Experience with regulatory and legal documents to identify commercial opportunities and issues.
Excellent analytical, project management and organizational skills.
Strong business and financial savvy with understanding of accounting, finance, and valuation concepts.
An ability to perform at a high level in a matrixed organization, working in inter-departmental teams to achieve objectives.
Understanding of Supervisory Control and Data Acquisition (SCADA) and/or Solar Data Acquisition Systems (DAS) monitoring.
Excellent verbal and written communication skills with the ability to effectively communicate complex issues to audiences at all levels both internal and external to the company.
Advanced expertise with Microsoft Office Software, especially Excel, Word, and PowerPoint. Ability to execute complex formulas, conditional formatting, charts, and graphs in MS Excel.
Demonstrated familiarity with energy markets, and major energy industry players and regulatory bodies.
If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.
What Would Be Nice
Understanding of concepts related to renewable portfolio standard (RPS), renewable energy credits (RECs), and other renewable program incentives is preferred.
Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).
The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.
Salary Range Across all U.S. Locations
$62,000—$86,000 USD
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and manage more than 9.6 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway’s 7 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, Calif.; Scottsdale, Ariz.; Houston; and Princeton, N.J. For more information, visit (url removed).
Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn’t about being the same – it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.
Working at Clearway, Hybrid Together
Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.
Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.
What We Provide
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.
