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New Leaf Energy, Inc. · 10 hours ago

Vice President, Power Plant Division

Troy, New York, United States

Full-time

Hybrid

Director/Executive

$220K/yr - $256K/yr

10+ years exp

New Leaf Energy is an experienced clean energy developer that partners with various stakeholders to accelerate the transition to renewable energy. They are seeking a Vice President to lead their new IPP division, responsible for managing a team, overseeing project financing and construction, and ensuring profitability while supporting the core business.

EnergySolar

Responsibilities

Be accountable to the executive team and the board for profitable and efficient functioning of NLE’s IPP. Own the P&L

Take responsibility for completing the remaining work to stand up the IPP

Manage 6-8 employees who work within the IPP. The team may grow, but staying small and efficient is an objective

Find the appropriate balance of internal and external resources to perform IPP functions, and form and build relationships with external providers of outsourced services

Collaborate with other NLE leaders and employees to ensure smooth cross-functional relationships. Always remember that the strategic purpose of the IPP is to serve and strengthen the DevCo; you will have to deeply understand and continuously better understand the development business and its leaders’ problems and priorities

Don’t subsidize the DevCo, though; defend the IPP against adverse selection, against being taken advantage of by the DevCo. The IPP’s job is to strengthen the DevCo, but it must be paid fairly for everything it does, and it must get a good price for the projects

Collaborate with other IPP employees and the CEO to raise capital to finance projects

Ensure that the IPP is overseeing high-quality, on-budget, on-time construction projects, by hiring and managing EPC contractors and others

Develop the IPP’s asset management strategy, for projects that reach commercial operation

Sell IPP assets! We’re not trying to build a huge IPP that adds to the company’s enterprise value by accumulating assets. When we can sell off operating projects at attractive prices and recycle capital, we’ll want to do that

Qualification

Renewable energy developmentP&L responsibilityProject financeStakeholder managementProject design expertisePower purchase agreementsFinancial modelingProject managementEntrepreneurial mindsetPeople managementPassion for renewablesAccountabilityCommunication skillsAdaptabilityIntegrity

Required

A minimum of 10 years of progressive experience in renewable energy development, EPC, project finance, and/or operations, ideally including experience operating one or more essential functions for a renewable energy IPP

Experience scaling organizations or building new functions within a growth-stage company

Prior P&L responsibility for a business or business unit and a strong understanding of the drivers of financial results for an IPP business

Project design and construction subject matter expertise derived from direct experience

Familiarity with power purchase agreements, contract negotiations, and power plant offtake strategies, as well as with aspects of projects finance such as capital structure and M&A

Superb stakeholder management and relationship-building skills

Experience working with a wide range of stakeholders, including investors, lenders, utilities, and leaders of other departments of functions within a single company

Ability to evaluate project economics and perform or oversee financial modeling to drive business decisions

Entrepreneurial mindset with ability to thrive in a dynamic environment; adaptability to changing regulatory, financial, and market conditions

A track record of strong people management including mentoring, developing talent, and building cohesive, high-performing teams that include a diverse set of skills, habits, and cultures: think finance, development, and construction management, all under one roof

Exceptional verbal, written, and interpersonal communication; comfort with board- and executive-level communications and reporting

Strong project management discipline

Passion for renewables and decarbonization

Maximum integrity and accountability, with affinity for NLE's cultural pillars of transparency, respect, and humility

Benefits

Competitive salaries and comprehensive benefits, including medical, dental and vision

A 401k plan with immediate vesting and a company match (100% of the first three percent of your pay; 50% for the next two percent you contribute)

An open and self-managed paid time-off policy

A hybrid work location policy that supports working from home for part of the week

A parental leave policy for both birthing and non-birthing parents, available immediately upon hire

Professional development and education assistance

Company

New Leaf Energy, Inc.

New Leaf Energy is one of the leading developers of renewable energy and energy storage projects in the United States—both distributed generation and utility scale.

Founded in 2022

Lowell, Massachusetts, USA

51-200 employees