Manager Business Development und M&A (m/w/d)

Job Description

Reporting to the Director of Business Development and M&A, the role is responsible for growing the Clearway development and operating platform for utility-scale wind, solar, and energy storage projects, as well as multi-technology complexes. This includes managing the acquisition of both development and operating assets, as well as greenfielding new development projects, in support of Clearway's profitability and strategic goals. The role requires close collaboration with internal subject matter experts, external consultants, and legal counsel.

This hybrid role will be located in our Denver, CO office. If you don't meet 100% of the qualifications but see yourself contributing, please submit your resume.

What You'll Be Doing

• Manage the project acquisition process: deal origination, valuation, structuring, due diligence, negotiation, and closing of project acquisitions as a key member/manager of a transaction team.
  • Coordinate with internal and external counsel to negotiate and draft definitive transaction documentation.
  • Coordinate with internal constituents and third-party consultants to perform due diligence activities.
  • Work with subject matter experts in project development, engineering, procurement, capital markets, O&M, and others 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 the 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 ongoing 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, as well as multi-technology complexes.
  • Work with functional groups, third-party consultants, and various other stakeholders to drive projects forward and perform quantitative analyses to support development and financing judgments.
• Craft and implement overall strategy within specific regions, identify opportunities, and work with development to allocate the development budget strategically.
• Drive strategy and execution in emerging growth segments including non-traditional offtake, technology, and/or financing structures, as opportunities present.
  • In consultation with external and internal resources, develop market assessments, production cost models, analytical tools, and business 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.
• Guide strategic initiatives to improve analytical tools and inform 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.
  • Guide special projects across internal functional groups to drive value creation throughout the development, procurement, construction, and financing processes.
  • Leverage AI tools effectively in support of the aforementioned scope.

What You'll Bring

• Bachelor's Degree required in finance, business administration, or economics.
• A minimum of 4-5 years of relevant work experience at a U.S. solar, wind, or energy storage development company/Independent Power Producer in an M&A, finance, or development role with a specific focus on M&A transactions, financial modeling/valuation, project development, and energy markets. Alternatively, the candidate may bring similar and transferable experience from an investment banking firm.
• Comfort navigating transactions, particularly negotiation of M&A transactions.
• 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 effectively summarize complex issues and recommend next steps, both in writing and verbally, in a compelling manner that resonates with the audience.
• Ability to manage simultaneous projects/work streams, set priorities, and exercise sound judgment unsupervised.
• Previous mentoring and team management experience.
• Knowledge of renewable energy project development areas, such as real estate, permitting, grid integration, transmission, offtake, tax, and financing structures.

Clearway will not sponsor non-immigrant 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

$145,000 - $177,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway's operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion Clearway Energy Group's vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway's operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

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 corporate new hires based near one of our offices in San Francisco, San Diego, Scottsdale, Houston, Denver, & 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. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.

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 for 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.

Notice to Applicants Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances, and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

All official communication regarding this position will come only from an email address ending with @clearwayenergy.com. If you receive outreach from any other email address claiming to represent Clearway Energy, please do not respond, as it is fraudulent.