Company Summary:
Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and is one of the world's largest and most geographically diversified utility-scale solar and energy storage project development, ownership, and O&M platforms. Recurrent Energy is focused on bringing low-cost clean energy and meaningful economic development to communities across the globe.
With a strong track record of originating, developing, financing, and building nearly 9 GWp of solar and 3 GWh of battery storage power plants across six continents, Recurrent Energy has established a leadership position in both solar and battery storage project development. With a total pipeline of 25 GWp in solar and 47 GWh in battery storage, of which 14 GW and 12 GWh respectively already have interconnections (as of January 31, 2023). In addition, Recurrent Energy’s services business has 6 GW of projects under operations and maintenance contracts, either operational or contracted projects.
Job Title: Analyst, Commercial Operations (ComOps)
Department: Energy & Assets Management
Location: Austin, TX (hybrid)
Entity: Recurrent Energy
Reports To: Head of Commercial Operations
Description Summary:
Commercial Operations (ComOps) analyst role is responsible for supporting all analytical, contractual and market interactions for Recurrent’s contracted and operating utility-scale solar and storage projects.
The Commercial Operations group ensures Recurrent Energy’s utility-scale solar and storage projects’ actual revenue meets and exceeds revenue expectations and RE’s projects operate in accordance with all pertinent off-take agreements, debt covenants, equity stakeholder expectations and all ISO, industry, and regulatory standards.
Commercial Operations is an extension of O&S (Origination and Structuring) and is responsible for the actual monetization of all a project’s output O&S efforts narrow a project’s expected revenue over many years via the execution of long-term off-take agreement. The ComOps group determines a project’s actual revenue within the range of expectations for each distinct reporting period.
The position will work extensively with different regions and other centralized teams including Origination and Structuring, Legal, Corporate Finance/Planning, Development, and Project Finance.
This Commercial Operations analyst role is a CRITICAL function to execute Recurrent Energy’s transition from a develop and flip entity to a long-term owner-operator of utility-scale solar and storage projects globally.
Responsibilities:
- Identify, monitor and track ALL contractual aspects related to a project’s long term off-take agreement upon signage, through project construction/execution and post commercial operations date (COD).
- Perform power market economic analysis related to renewable energy; manage shadow settlements and coordinate billing and revenue expectations with Corporate Finance; manage ISO/RTO disputes.
- Possess and maintain an insatiable desire to learn about U.S. and Canadian wholesale power markets and apply this knowledge to help shape Recurrent Energy’s development pipeline and contracted projects’ off-take agreements.
- Coordinate with Scheduling Coordinators to manage settlement statements and associated data.
- Assist in the vetting and selection of each project’s ISO scheduling coordinator and market output optimizer where applicable.
- Build and maintain tools and standards to streamline process, data analysis, project tracking, documentation, and reporting.
- Assist in the development, preparation, and analysis of performance & financial reports for the operating projects; identify trends across project inputs and KPIs.
- Assist in a project’s compliance with all regulatory, legal, and other reporting obligations for during operations.
- Other duties as assigned.
Knowledge & Skill:
- Solid understanding of economic & business concepts.
- Desire to learn and apply knowledge.
- Familiarity with project agreements and terms, with the ability to identify and manage material terms.
- Strong interpersonal and customer service skills relating to significant contact and communication with internal & external customers.
- Evidence of solid process development & documentation skills.
- Highly resourceful and comfortable working in an unstructured environment.
- Entrepreneurial and able to identify (& execute upon) new opportunities to add value.
- Highly driven and hard working with high standards for themselves and others.
- Strong organization and planning abilities.
- Ability to deal effectively with diversity of individuals at all organizational levels.
- Proven ability to handle multiple tasks, prioritize, and remain calm under pressure.
- Flexibility in work responsibilities.
Education/Training:
- Bachelor’s degree required; basic knowledge of U.S. wholesale energy markets is preferred.
- High level of professionalism, results oriented, organized, highly motivated and detailed.
- Ability to communicate clearly and concisely, multi-task and strong analytical skills.
- Computer literacy, excellent abilities with Microsoft Word, Excel, and PowerPoint.
