Vice President of Asset Management

Job Description

Adapture Renewables, Inc. is on a mission to be a leader in this new era of sustainable energy. Drawing upon an extensive knowledge base, we develop, finance, engineer, build, own, and operate high quality utility-scale photovoltaic projects and battery energy storage projects. Our Asset Management team is looking for a talented Vice President of Asset Management to help support the efforts of our fast-growing company. Adapture Renewables is owned by KIRKBI Climate - the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO brand through generations.

Overview

The Head of Asset Management will lead the commercial and technical performance of the company's operating renewable energy portfolio, which includes utility-scale solar and battery storage assets. This role is responsible for maximizing asset value, ensuring compliance with all contractual and regulatory requirements, improving fleet performance, and driving long-term operational strategy. The ideal candidate brings deep expertise in renewable energy asset management, strong commercial acumen, and a data-driven approach to optimizing performance.

Core Responsibilities

Leadership & Strategy

• Build, scale, and manage a high-performing Asset Management organization (Commercial AM, Technical AM, Analytics, Compliance).
• Develop asset optimization strategies to maximize revenue, minimize downtime, and enhance operational efficiency.
• Lead annual portfolio planning, long-term strategic initiatives, and budgeting.
• Partner with Operations, O&M, OT/SCADA, Finance, and Construction to ensure seamless lifecycle performance.

Commercial Asset Management

• Oversee PPA management, market settlements, REC management, and financial performance reporting.
• Ensure compliance with all commercial agreements: PPAs, Interconnection Agreements, O&M contracts, LTSA, EMSAs, and vendor contracts.
• Lead monthly and quarterly reporting for investors, lenders, and internal stakeholders.
• Manage insurance claims and risk mitigation strategies.

Technical Asset Management

• Drive root cause analysis, performance engineering, loss analysis, and warranty management.
• Oversee performance KPIs, degradation tracking, benchmarking, and lifecycle modeling.
• Lead warranty enforcement and technical issue escalation with OEMs and service providers.
• Ensure fleet reliability through data-driven insights and cross-functional coordination.

Operational Oversight

• Work closely with O&M leadership to ensure proper execution of preventive and corrective maintenance.
• Coordinate with OT/SCADA teams on data quality, system availability, controls optimization, and event response.
• Contribute to NERC, RTO/ISO, and interconnection compliance activities.

Financial & Portfolio Management

• Own operating budgets, variance reporting, and long-term asset planning.
• Identify revenue enhancement and cost reduction opportunities.
• Support M&A activities through technical and commercial due diligence.

Qualifications and Experience

Required Qualifications

• 10+ years of relevant experience in renewable energy, asset management, operations, or project finance.
• Demonstrated leadership experience managing teams and cross-functional stakeholders.
• Strong understanding of PPAs, market operations, financial modeling, O&M strategies, and regulatory frameworks.
• Technical knowledge of utility-scale solar and/or battery storage performance drivers.
• Experience managing outsourced service providers and OEMs.
• Excellent communication skills with ability to interface with lenders, investors, and executive leadership.
• Strong analytical, problem-solving, and organizational skills.
• Demonstrated track record managing and growing a team and improving processes and systems to support portfolio growth.
• Experience with the Power Factors software platform

Preferred Qualifications

• Experience with hybrid renewable + storage facilities.
• Familiarity with ISO/RTO markets such as CAISO, ERCOT, PJM, or MISO.
• Prior involvement with SCADA systems, performance analytics tools, and operational technology.
• MBA or advanced degree in engineering, business, finance, or a related field.

Key Performance Indicators

• Portfolio availability and performance ratio improvement.
• Delivery of accurate and timely financial/operational reporting.
• Compliance performance (PPA, IA, ISO/NERC).
• Warranty recovery success rate.
• EBITDA uplift and cost control against budget.
• Team development and retention.

Benefits Package

• 401(k) plan with company matching contribution
• Competitive health, vision, and dental benefits
• Attractive personal time off and company holiday package
• Work-from-home policy
• Salary commensurate with experience

Qualified candidates only. Adapture Renewables, Inc. is committed to equal employment opportunity.