Associate – Clean Energy

CLEAN ENERGY

Our Clean Energy team makes direct equity investments in carbon-reducing renewable energy, from late-stage development through to commercial operations. Capital Dynamics is one of the largest managers of UK onshore wind assets and subsidy-free solar PV in Europe. We focus on de-risking projects as they exit development and optimising performance and capital structure through to commercial operations.

THE OPPORTUNITY:

This is a newly created role to support the growth of our Clean Energy platform. We're looking for a driven, commercially sharp Associate to join our Clean Energy Investment team in Madrid, reporting to a Director. You'll be a core member of the investment team from day one: acquiring and divesting assets, building financial models, conducting due diligence on new opportunities, and liaising with consultants, advisors, and investment committees across the fund.

You'll support live transactions through the due diligence phase, alongside ongoing valuations, investor reporting, capital raising, and the asset management of our current portfolio - giving you exposure across the full investment lifecycle from day one.

SECTOR EXPERIENCE: 

We're especially interested in candidates with a track record in Clean Energy / Renewable Energy (Wind or Solar), Battery Storage (BESS), or Data Centre infrastructure.

Deal experience in any of these areas will stand out - but a strong all-round infrastructure or renewables background is also welcome.

LANGUAGE REQUIREMENT - ESSENTIAL:

You must be fluent in English and Spanish and one other including - German, Polish or a Nordic country language. 

Our Clean Energy portfolio spans Spanish, Italian, German, or broader European markets, so this is a genuine day-to-day requirement  - candidates who don't meet it won't be able to progress.

KEY RESPONSIBILITIES:

• Lead the preparation of automated financial models and conduct financial sensitivities where appropriate.
• Assist in drafting investment committee memoranda used directly in investment decisions.
• Provide support through due diligence on acquisitions and the execution process on divestitures.
• Support the financing activities of investments across the portfolio.
• Conduct market analysis and research to support the team's investment decisions.
• Work with the Asset Management team to monitor and optimise investment performance post-acquisition.
• Represent the team at meetings, conferences and internal discussions.
• Perform sensitivity analysis to appraise projects under different performance scenarios.
• Work with the Business Development and Product Development & Strategy teams to help respond to investor requests.

WHAT WE'RE LOOKING FOR:

Skills & Experience

• A demonstrable track record in clean energy infrastructure / renewable energy, BESS and/or data centre deals in Europe, with strong knowledge of the Spanish, Italian, German or broader European markets.
• Good understanding of accounting, finance and company valuation; asset management exposure is a plus.
• Good understanding of financial methodologies — leveraged buyout, forecast analysis, financial statement analysis and discounted cash flow analysis.
• Extensive practical working knowledge of financial modelling, including modelling of debt financing.
• Working knowledge of financial analysis ratios such as yield, IRR and NPV.
• Good working knowledge of the support frameworks for renewables.
• Comfortable using AI tools and large language models to accelerate market research, first-pass analysis and document drafting, with sound judgement on where human review is essential.

Education & Qualifications

• Minimum 2:1 degree (or equivalent) from a recognised university, in Business, Finance, Responsible Investment, Renewable Energy or a related field.
• Exceptional proficiency in MS Word, PowerPoint and Excel.
• A keen interest in Responsible Investment and frameworks such as the UN Sustainable Development Goals, or a genuine willingness to learn.

Languages

• Essential — Fluent Spanish and English with superior writing skills.
• Desirable — Proficiency in a further European language, preferably German, Polish, Danish, Finnish or Swedish.

You'll Also Bring

• Highly developed analytical skills and the ability to work on your own initiative.
• Comfort operating in a continuously evolving business environment.
• The ability to work accurately under pressure.
• Good organisational skills and exceptional attention to detail.
• The ability to produce high-quality presentation materials.
• An exceptionally team-oriented, problem-solving, results-focused mindset.
• Highly developed verbal and written communication skills - articulate, balanced and cogent.