Full-Time
Manager – Asset Management
Confirmed live in the last 24 hours
Clearway Energy
501-1,000 employees
Develops and operates renewable energy projects
Compensation Overview
$130k - $165kAnnually
Senior
No H1B Sponsorship
Scottsdale, AZ, USA
Hybrid work model; office-based employees work together on Tuesdays and Thursdays.
- 5+ years of energy industry experience in asset management, O&M management, project administration, business administration, project management, contract administration, project finance, or other commercial role.
- Bachelor’s degree in Engineering, Finance, Business, Economics, or a related field.
- Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets.
- A strong grasp of technical solar and/or wind project details; ability to effectively collaborate with operational and technical teams.
- Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines.
- Ability to think creatively, manage competing priorities, work independently, and pay attention to detail.
- Ability to meet and communicate effectively with various Customers, Off-takers, and Investors.
- Understanding of renewable financial models and financing agreement structures (tax equity, debt, and cash equity).
- Proficiency with Microsoft Office products including Excel, PowerPoint, and Word.
- Manage the P&L and cash position for all generating assets within an assigned portfolio.
- Review monthly operational performance and financial variance reports. Investigate and remedy any variances to the budget.
- Review gross margin performance and work with internal teams to explain variances and develop strategies to maximize value.
- Develop annual project budgets and update monthly accrual and cash forecasts and financial models as needed.
- Collaborate with internal teams and manage plant optimization, warranty claims, insurance claims, and revenue optimization and recovery efforts.
- Initiate and/or support major projects, divestitures, capital investment, refinance, and revenue enhancement proposals.
- Ensure all project obligations and interests are successfully administered under project agreements and resolve any contractual issues with counterparties.
- Ensure general business-related licenses, permit and regulatory requirements, reporting, and transactions with regional authorities, banks, governing and other external parties are successfully managed.
- Establish trusted relationships with customers, partners, or joint asset owners, ISOs, and regulatory agencies.
- Manage commercial issues and associated strategies for resolution with counterparties, including mediation or litigation.
- Negotiate or amend contracts to improve asset performance and mitigate risk.
- Manage monthly lost output and guaranteed energy production status per applicable offtake requirements.
- Prepare reports and presentations for project stakeholders as required.
- Manage third-party Operations & Maintenance (O&M) providers, ensuring adherence to O&M agreements.
- Lead root cause analysis efforts for underperforming assets, and collaborate with technical teams on cost/benefit analyses to address the issues.
- Identify and optimize spare parts strategy for major components.
- Conduct remote monitoring of solar projects via online data acquisition systems (Bazefield).
Clearway Energy Group focuses on developing and operating renewable energy projects, primarily in the United States. The company has a diverse portfolio of over 350 projects, including large-scale solar and wind farms, as well as community solar initiatives. Its products work by generating electricity from renewable sources, which is then sold to utilities and large energy consumers through long-term power purchase agreements (PPAs). This model provides a steady revenue stream while promoting the use of clean energy and reducing carbon emissions. Clearway Energy Group differentiates itself from competitors by its extensive experience in the renewable energy sector and its commitment to high safety and performance standards in project execution. The company's goal is to facilitate the transition to a sustainable energy future by providing reliable and competitive clean energy solutions.
Company Stage
Debt Financing
Total Funding
$1.6B
Headquarters
San Francisco, California
Founded
2018
6 month growth
↑ 3%1 year growth
↑ 9%2 year growth
↑ 25%
Simplify's Take
What believers are saying
- Clearway Energy recently acquired a 137 MW wind project in Washington State.
- The company secured $665 million for a solar and storage project in Texas.
- Clearway signed a 25-year PPA for a 315 MW wind project in Montana.
What critics are saying
- Increased competition from companies like NextEra Energy could impact market share.
- Supply chain constraints may delay project completion and affect financial projections.
- Fluctuations in interest rates could increase the cost of financing new projects.
What makes Clearway Energy unique
- Clearway Energy operates over 350 clean energy projects across the United States.
- The company focuses on utility-scale solar and wind developments and community solar projects.
- Clearway Energy has a stable revenue model through long-term power purchase agreements.
Help us improve and share your feedback! Did you find this helpful?