ABOUT AVANTUS
Avantus is shaping the future by making reliable, low-cost clean energy a global reality. Our legacy of leadership in next generation solar energy includes developing one of the nation’s largest solar clusters and one of the first projects to beat fossil fuel prices back in 2016. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing millions of people with affordable, zero-emission energy – day and night. Through our relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.
ABOUT THE POSITION
The Director of Project Finance position is responsible for managing the analysis of various financing options for our utility-scale PV+S projects under development as well as new development opportunities. This position will support all aspects of transaction execution, from acquisition to divestiture.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIES:
- Identify potential project investors within the equity, banking and tax equity communities and develop strategies to execute our utility-scale solar and storage project pipeline in the US; propose, facilitate, and close project financings
- Create and maintain complex project finance models for internal and external parties to evaluate renewable energy projects during various stages of development, construction, and operation on an individual and portfolio basis
- Specifically synthesize and model terms of construction loans, tax equity bridge loans, and sponsor equity with back-leverage loans in various tax equity structures
- Review project documentation and third-party reports, including PPAs, financing term sheets and agreements, IE reports, etc., and accurately integrate assumptions into financial models
- Support project team to assess financeability issues related to PPAs, EPC and Procurement Agreements, and other major contracts or development topics
- Independently develop and run sensitivities in models and quantify resulting impact on sponsor IRRs, margins, and other key metrics
- Create marketing materials for fundraising, including teasers, CIMs, and management of data rooms
- Manage closing process, including coordinating reviews and approvals across multi-functional teams, to bring the transaction to financial close under tight timeframes
- Contribute to updates to underwriting standards to ensure proper market and internal assumptions are accurately captured in the financial models
- Perform other duties and special projects, as assigned
REQUIRED SKILLS AND QUALIFICATIONS:
- Minimum 5-8 years of project finance or investment banking experience in the renewable energy (or similar) industry
- Strong financial modeling capabilities and structuring experience
- Familiarity with project finance structures, including tax equity, construction financing, and back-leverage
- Experience creating marketing materials, including teasers, CIMs, and managing data rooms
- Demonstrated ability to bring closure to complex and high value financings/transactions under tight timeframes; investment banking experience a plus
- Demonstrated ability to work with cross-functional teams, including managing the financial, legal, and internal review and approval process to successfully close transactions
- Strong communication skills with proven track record in building relationships and working in cross-functional collaborative teams
- Comfortable working in a fast-moving and dynamic environment
#LI-Remote
Avantus offers competitive compensation with an excellent benefits package, including 401(k) matching; comprehensive medical and dental plan options; and flexible PTO. We are an equal-opportunity employer.
The base salary range for this full-time position is listed below (plus bonus and benefits). Our salary ranges are determined by role, level, and location. The range displayed on each job posting reflects the minimum and maximum target for new hire salaries for the position in California. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific salary range for the applicable location during the hiring process. Please note that the compensation details listed reflect the base salary only, and do not include bonus and benefits.
Top Skills
What We Do
Our legacy of leadership in next generation solar energy includes developing the nation’s largest solar cluster and the first plant to beat fossil fuel prices. Today, we are expanding the boundaries of existing technologies to build one of the largest portfolios of smart power plants with integrated storage, capable of providing 30 million people with low-cost, zero-emission energy – day and night.
At Avantus, we have the scale, track record and expertise to transform our country’s energy generation to be as networked and responsive as the digital tools driving the rest of the world. Our data-driven, integrated approach to innovation propels us to continuously achieve new milestones in the renewable energy industry, delivering superior proprietary technologies and design optimization tools to lower the cost of energy for our customers. Through our industry-defining innovations and relentless pursuit of better, we are decarbonizing our planet at the gigaton level, and bringing the advantages of clean energy to all of us.
Why Work With Us
At Avantus, we know fighting climate change is too big for anyone to do alone. That’s why we bring the brightest, most ambitious minds together in one concerted effort to leave the world better than we found it. We’re dedicated to relentlessly pursuing better by investing in our team’s next great ideas and continuously learning from each other.
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