Clearway Energy Manager, Business Development West Region (Renewables, Storage, Hydrogen) in Houston, Texas
What The Role Is
Reporting to the Senior Director of Business Development, the role is responsible for the overall business development in the Pacific Northwest for utility scale clean energy (wind, solar, energy storage, and green hydrogen). This includes leading the acquisition of new projects, developing Clearway’s existing pipeline, and green-fielding new projects. Requires close collaboration with other functional groups such as development, power marketing, engineering, and capital markets. This role is primarily focused on the Pacific Northwest market, but will collaborate regularly with colleagues covering the West region.
What You'll Be Doing
Manage the project acquisition process: support origination, valuation, structuring, due diligence, negotiation, and closing of solar, wind, energy storage, and green hydrogen project acquisitions as a key member / leader of a transaction team.
Coordinate with internal constituents and third-party consultants to perform due diligence activities.
Work with development, engineering, and capital market teams to ensure conformance with underwriting guidelines, investment metrics and forecasted cash flows. Run sensitivity analyses and generate ideas to optimize valuations and transaction structures.
Prepare detailed memos and presentations for senior management and investment committee.
Create and manage tools to monitor market activity and track internal origination strategy to identify new growth areas and M&A targets.
Support on-going origination, development, and financing activities for projects that Clearway owns.
Support pricing analysis and bidding strategy to originate offtake contracts for Clearway’s 30 GW+ development portfolio of utility scale wind, solar, and energy storage projects.
Work with functional groups, third party consultants and various other stakeholders to drive projects forward and perform quantitative analyses to support development and financing decisions.
Craft and implement overall strategy for Pacific Northwest region, identify opportunities, and work with development to start new projects.
Play a lead role in driving strategy and execution in emerging growth segments including standalone storage, green hydrogen/ammonia, and non-traditional offtake.
In consultation with external and internal resources, develop market assessments, production cost models, analytical tools, and businesses cases for early investments in emerging growth segments.
Help connect the dots internally to reposition existing assets (development or operating) for opportunities in emerging growth segments.
Support formation and ongoing management of strategic partnerships with major equipment suppliers, operators, investors, project developers, and other value chain participants.
Lead strategic initiatives aimed at improving analytical tools and informing key business activities at Clearway.
Assist with ongoing efforts to improve financial optimization, underwriting, deal tracking, etc.
Develop innovative financial and offtake structures and improve existing quantitative analysis tools.
Lead special projects across internal functional groups to drive value creation throughout the development, procurement, construction, and financing processes.
Manage at least one junior team member.
What You'll Bring
Bachelor's Degree required in finance, business administration, economics, or engineering.
6+ years of relevant work or internship experience at a U.S. solar, wind, or energy storage development company/Independent Power Producer in a M&A, finance, or development role with specific focus on financial modeling and valuation or relevant, transferable experience in investment banking or private equity (or similar).
Experience navigating discounted cash flow models is required.
A driven self-starter with strong problem-solving and communication skills.
Excellent aptitude for analytical and financial modeling with demonstrated attention to detail. Strong quantitative skills are a must for this position. Advanced capabilities in Excel and PowerPoint are essential.
Ability to summarize complex issues and identify opportunities or next steps.
Ability to manage simultaneous projects/work streams, set priorities, and exercise independent judgment.
If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume
What Would Be Nice
Experience with renewables or energy markets in the Pacific Northwest is a plus.
Experience mentoring junior members and managing deal teams is a plus.
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
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 clearwayenergygroup.com.
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 (https://benefitsatclearway.com/) .