Job description
The Analyst: Project Finance and M&A will form part of the Project Finance and M&A team, supporting in preparing, building and optimizing financial models as well as providing general analysis and support to the commercial function, including Mainstream's energy trading and aggregation business. In conjunction with other team members this role will help support the modelling process from the Mainstream side as it relates to all tariff structuring and pricing, project finance, valuation and M&A activities.
The role would suit an ambitious candidate keen to establish a strong foundation within financial modelling before progressing to take more responsibility for project financing or M&A work and commercial negotiations.
Key Responsibilities
- Design, build and maintain highly complex financial models for renewable energy projects including:
- Leading the process of getting model inputs and assumptions from various teams and departments.
- Sense checking and challenging those providing inputs to ensure an accurate representation of the risks and rewards is prepared and presented.
- Analysing of project cash flows and presenting findings
- Auditing and sense checking financial models to ensure outputs are reasonable in order to make quick and correct commercial decisions.
- Accurate management of information flows used to maintain financial models.
- Responsible for ensuring the structural integrity and functionality of models including accounting, tax and regulatory requirements of various markets.
- Performing market analysis to support key activities in project finance and M&A
- Liaising with other teams in the commercial department - Energy Marketing and PPAs, Project Management Office, Policy and Market Intelligence etc
- Be involved in the acquisition, investment, tender, bidding, and financial close activities of multi-billion Rand projects including:
- Managing and providing project finance requirements in response to proposals such as financial models, term sheets from lenders, letters of support, requires schedules etc.
- Providing feasibility study to assess bid competitiveness.
- Responding to clarification questions on bids submitted within specified deadline.
- Interrogate commercial and financial assumptions included within such models, highlighting potential efficiencies / risk areas on acquisitions, investments, disposals & associated funding activities.
- Work internally as part of multi-functional teams to assess markets and projects as required.
- Benchmarking project inputs to provide an expected range of variation of new inputs.
- Managing workstreams related to the financial close process.
Key Requirements
- At least 1-2 years' experience of financial modelling
- Renewable Energy or wider energy industry experience is desirable
- Must be self-motivated and be able to take initiative for requirements of the asset delivery team
- Ability to spearhead various project finance work streams and able to integrate into diversified multi-functional teams as required
- Commercial awareness and ability to highlight potential efficiencies / areas of concern within models that require further analysis or support
- Excellent understanding of Financial Statements
- Ability to analyse qualitative & quantitative information for decision making
- Strong communication skills
- Proficient with MS Excel and MS Office Suite
- Knowledge of VBA or Python is preferred
About this role
About Mainstream Renewable Power
Company Overview
Mainstream Renewable Power
HeadquartersDublin, Ireland
Founded2008
SizeApproximately 400 employees globally (source: mainstreamrp.com). Revenue data for 2023 is not publicly available.
What They Do
Mainstream Renewable Power is a leading global developer of renewable energy projects, focusing on onshore wind, solar PV, offshore wind, and hybrid solutions. The company has a robust development pipeline of 12.3 GW in onshore wind, 7.1 GW in solar PV, and 4.5 GW in offshore wind, including innovative floating technologies. Their commitment to sustainability extends to green hydrogen initiatives aimed at hard-to-abate sectors, showcasing their versatility in the renewable energy landscape (source: mainstreamrp.com). Mainstream operates under a Global Development Standard that ensures bankability and reliability in their utility-scale assets, which are crucial for meeting the growing energy demands of various markets.
Projects & Track Record
Mainstream has an impressive track record of completed projects across multiple continents. Notable projects include Ireland's Raragh (12 MW onshore wind), Carrickeeny (sold to IKEA), and the operational Arklow Bank offshore wind farm, which was the first of its kind in Ireland. In South Africa, they have developed significant assets such as the Jeffreys Bay wind farm and the De Aar solar project, both operational since 2017. In Chile, they have made strides with the 33 MW Negrete Cuel wind farm and the 105 MW Valle Escondido solar project, contributing to a total of 1.4 GW in operating or under construction assets (source: mainstreamrp.com). Their ongoing projects include a substantial 23.9 GW net pipeline, with significant developments in onshore wind and offshore wind across various regions.
Recent Developments
In recent years, Mainstream has achieved several significant milestones. In May 2024, they secured a feasibility licence for a 2.5 GW offshore wind project in Australia, marking a major expansion into new markets. In 2023, they completed the sale of Lekala Power, Africa's largest pureplay renewable IPP, and divested their Chilean joint venture Aela Energia while launching the 1 GW Nazca Renovables platform in Chile. The company also announced plans to create 100 new jobs at their Dublin headquarters to support global growth and local offshore developments (source: mainstreamrp.com). These developments reflect Mainstream's strategic focus on expanding their footprint in the renewable energy sector.
Working There
Mainstream offers a diverse range of roles across various departments including development, construction, operations, finance, and engineering. The company emphasizes hiring at their expanded Dublin headquarters, where they announced the creation of 100 new jobs to support their growth initiatives. Their culture is characterized by a strong sense of Irish heritage and a unified mission to lead the energy transition globally. Employees benefit from a collaborative environment that encourages continuous improvement and stakeholder engagement, although specific benefits are not detailed in available sources (source: mainstreamrp.com). The company also invests in employee development through in-person education sessions and the use of modern tools to enhance productivity.
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