T

TAR

Off-grid power plants for AI data centers

Vice President of Project Finance

Finance & BankingConfirmed live in the last 24 hours
Full-timeNo salary listedIn-person

About the Job

Requirements

  • At least 10 years of U.S. energy project finance experience across bank lending, financial advisory, or in-house at a developer or independent power producer, including at least one borrower-side role.
  • Experience leading non-recourse construction and term financings for utility-scale solar and storage from mandate through financial close, with at least $500 million of debt and tax capital personally closed across multiple transactions.
  • Hands-on tax credit monetization experience since the Inflation Reduction Act, spanning transferability and/or tax equity, with working knowledge of domestic content and Foreign Entity of Concern rules.
  • Full command of the project finance model, including building, auditing, and defending it before a credit committee without an analyst.
  • Current personal relationships with lenders, tax credit buyers, and equity investors active in U.S. renewables.
  • Ability to negotiate commercial terms of credit agreements, security and accounts structures, and intercreditor terms, with counsel drafting rather than deciding.
  • Ability to design financing structures without existing templates and move them forward quickly with attention to detail.

Responsibilities

  • Own each financing end to end by structuring the capital stack across project equity, construction and term debt, and tax credits, and running lender and investor processes from first outreach through term sheets, documentation, and financial close on schedules that support construction.
  • Set the tax credit monetization strategy, including transfer, tax equity, or hybrid structures, and work with procurement to ensure equipment decisions protect investment tax credit eligibility, including domestic content and Foreign Entity of Concern exposure.
  • Build and own the project finance model and data room, keeping both diligence-grade and aligned with engineering, procurement, and commercial reality, and run lender and investor question-and-answer processes.
  • Direct third-party diligence, including the independent engineer, insurance advisor, resource and market consultants, and project finance counsel, holding each advisor to scope, schedule, and quality.
  • Build and maintain capital coverage across project finance banks, infrastructure credit funds, tax credit buyers, and project equity investors, maintaining a current view of appetite and terms.
  • Shape commercial agreements for financeability by incorporating lender requirements into customer contracts, engineering, procurement, and construction agreements, and major supply agreements before they are signed.
  • Oversee post-close finance operations across the portfolio, including draw processes, covenant compliance, and lender reporting.
  • Grow the project finance team and its processes as the program scales from the first project to a multi-gigawatt pipeline.

Desired Qualifications

  • Financing experience with first-of-kind assets, including islanded or behind-the-meter plants, single-offtaker structures outside the standard utility power purchase agreement model, or co-located generation and load.
  • Data center or digital infrastructure finance exposure.
  • Experience with Electric Reliability Council of Texas or Texas projects.
  • Experience establishing a project finance function from scratch.
  • Platform-level capital raising, including Series A/B, holding-company debt, or strategic capital, in addition to asset-level financings.

About the Company

TAR

Off-grid power plants for AI data centers

TAR builds and operates behind-the-meter power plants for AI data centers that cannot wait out a utility interconnection queue. The company designs islanded microgrids pairing solar, battery storage, and gas peakers, then manufactures, installs, and runs them, handling power electronics, microgrid controls, dispatch software, and site construction in-house. Compared with grid interconnection, which can take years to clear, an off-grid plant can be sited and energized on the developer's own schedule, and TAR says it is working with a large compute provider and targets 5 GW by 2028. Its goal is to remove power as the constraint on AI buildout by owning generation end to end.

Company size
11-50
Company stage
Series A
Total funding
$147M
Headquarters
Texas, United States
Founded
2025

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