As a Business Analyst, you will support the development of solar, wind, hybrid, and storage projects from opportunity identification and initial assessment through the development cycle to financial close and start of construction, including support to negotiations and preparation related to both private and regulated power purchase agreements.
CORE RESPONSIBILITIES
- Support renewable energy business and project development activities in India
- Develop an in-depth understanding of India’s power market and opportunities for utility-scale solar PV, wind, hybrid and storage projects under different offtake scenarios (e.g. federal and state auctions, private PPAs, merchant / spot), and provide input to market strategy
- Support on relationships with authorities, regulators and utilities
- Identify and support the relationships with local/regional developers, brokers, banks, contractors, etc. to identify project opportunities
- Support in identifying and evaluating new business and project opportunities including:
- Analysis of key assumptions relating to overall project business case
- Risk assessments related to projects, including real estate risks, political risks, permitting and environmental risks, and financial risks and corresponding mitigation strategies
- Project acquisition due diligence (technical, legal, financial)
- Market intelligence analysis
- Optimal technical solutions with technical teams
- Support on negotiation with prospective partners and establishment of project development or acquisition agreements
- Support on offtake opportunities including:
- Private PPA negotiations and/or other offtake arrangements
- Preparing and submitting bid packages to federal auctions and private off-takers
- Support the process of Project Finance preparation for the projects
- Support the process of Execution preparation for the projects
- Ensure project development cost control
CRITICAL QUALIFICATIONS AND COMPETENCIES
Qualifications
- Bachelor’s degree in Engineering, Finance, Commerce or other relevant fields
- 5-7 years of experience in renewable energy industry in India, whether from development company / bank / investor
- Able to prioritize responsibilities and self-manage
- Expert level in Microsoft Office suite, including PPT and Excel
- Working experience and understanding of developing solar and/or wind projects, offtake arrangements, grid connections, permitting requirements, bidding processes and Project Finance modelling
- Ability to speak advanced English
- Understanding of renewable energy market in India
- Core technical competencies
Business origination (advanced)
- Understand markets, policies and regulation
- Create/Manage Strategic Partnerships
- Identify, secure projects that create value for the company
- Negotiate MoU's, LoI's, framework agreements in new markets
- Analyze risks and identify mitigations
- Building commercial relationships
- Understand Wheeling, On/Off grid schemes, load and billing profiles
- Understand rating and compliance risks
- Storytelling
Project acquisition (basic)
- Understand M&A principles, valuation
- Negotiate LoI's, TS', SPA's
- Lead the process into structuring phase
- Run initial legal/technical/tax/finance DD
Project structuring (basic)
- Understand Operating System / PROMAS
- Project Management, multi-discipline/cultural
- Lead internal and external teams EPC/O&M/MSA, Financing, Tax, Legal structuring, towards Financial Closing
- Coordinate completion of relevant permits, licenses and authorizations
- PD budgeting. cost control and treasury coordination
- Tender management (basic)
Project Management
- Lead bidding processes for Proposals (RFPs) from utilities and private off-takers
- Understand and integrate input from all functions, lenders and consultants
- Identify winning strategy
Project development (basic)
- Identify, secure Land, Grid Connection
- Coordinate completion of relevant permits, licenses and authorizations (PLAs)
- Coordinate ESIA and technical feasibility studies (yield, design etc.)
- PD budgeting. cost control and treasury coordination
Power markets (advanced)
- Understanding power market structure, legislation and type of contracts
- Understanding the Drivers for Market settlement and pricing mechanisms, Available Derivatives and hedging
- Understand the impact of renewables in the grid
- Wheeling and balancing mechanisms
- Understanding energy market regulation
- Understand different procurement mechanisms and their characteristics
- Understanding market intelligence with ability to extract essential information from market and communicate internally in adequate form