Full-Time

Manager – Portfolio Finance

Posted on 1/9/2025

Intersect Power

Intersect Power

201-500 employees

Develops and operates clean energy projects

Compensation Overview

$140k - $150kAnnually

+ 40-50% Annual Target Bonus

Senior, Expert

Remote in USA

Position requires 4x per year travel for company-wide meetups across US & Canada.

Category
Asset Management
Corporate Finance
Finance & Banking
Required Skills
Financial Modeling
Requirements
  • THIS ROLE REQUIRES EXPERIENCE WITH RENEWABLE ENERGY TAX EQUITY
  • 5-10 years of proven track record in project finance.
  • Bachelor’s Degree. Advanced degrees or certifications are a plus.
  • Significant and relevant experience maintaining or structuring project finance or non-recourse structures, as well as proven track record maintaining banking and investor relationships.
  • Significant and relevant experience with financial modeling for large, complex infrastructure or power generation assets.
  • Experience with different types of power generation, including solar, wind, battery storage, gas-fired, or nuclear is required.
  • Experience with tax equity or other tax advantaged transactions is required.
Responsibilities
  • Oversee various project or portfolio transactions that have moved from origination and financial close into ongoing maintenance, including construction financing, tax equity, portfolio financing, and hybrid facilities.
  • Negotiate with external capital providers on amendments, consents, restructurings, buyouts, and refinancings, and maintain compliance with financing structures.
  • Oversee modeling efforts to value projects or portfolios of projects once the projects are in construction and operation.
  • Manage ongoing construction financing or hybrid facility draws and Tax Equity mechanical and substantial completion fundings.
  • Liaise with and support Asset Management on normal course reporting and consent processes.
  • Serve as a thought-leader and subject matter expert in cross-functional initiatives surrounding changes in tax law and evolution of power market structures.
Desired Qualifications
  • Advanced degrees or certifications are a plus.

Intersect Power focuses on creating large-scale clean energy projects that aim to significantly lower carbon emissions. The company develops, constructs, and operates renewable energy infrastructure, primarily solar power plants, and sells the electricity generated through structured agreements known as offtakes. These agreements provide a stable revenue stream by ensuring energy is sold at a predetermined price. Intersect Power stands out from competitors due to its innovative approach to integrating clean electricity into the economy and its recognition in the Sustainability category of Fast Company's 2024 World Changing Ideas Awards. The company's goal is to redefine the clean energy industry and contribute to deep decarbonization efforts to combat climate change.

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$7.3B

Headquarters

Beaverton, Oregon

Founded

2016

Simplify Jobs

Simplify's Take

What believers are saying

  • Google's $800m investment boosts Intersect Power's clean energy initiatives.
  • Federal incentives from the Inflation Reduction Act enhance project financial viability.
  • Advancements in solar panel efficiency improve project profitability.

What critics are saying

  • Dependence on large clients like Google poses revenue risks.
  • Rapid expansion may strain financial resources and cause cash flow issues.
  • Competitive landscape intensification could impact market share and pricing power.

What makes Intersect Power unique

  • Intersect Power integrates clean electricity into the broader economy innovatively.
  • The company has a pipeline of 3.2GWDC solar and storage projects for 2023.
  • Intersect Power operates in both retail and wholesale energy markets.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Vacation

Parental Leave

Mental Health Support

Family Planning Benefits

Phone/Internet Stipend

Home Office Stipend

Company News

Tech in Asia
Dec 11th, 2024
Google invests $800m in clean energy firm Intersect Power

Google invests $800m in clean energy firm Intersect Power.

ESG Post
Dec 11th, 2024
Google, Intersect Power & TPG launch $20bn clean energy data centre plan

Intersect has secured over $1 billion in equity and $5 billion in project financing to establish solar, wind, and battery energy storage projects near high-demand electricity sites.

Power Magazine
Dec 10th, 2024
Google Invests in Partnership to Develop Energy Assets at Data Center Parks

Intersect, based in Houston, Texas, has raised more than $1 billion in equity and $5 billion in project finance as part of its effort to connect solar, wind, and battery energy storage projects directly to sites that require massive electricity loads.

TipRanks
Dec 10th, 2024
Google and TPG in strategic deal with clean energy firm Intersect Power

Intersect Power announced a strategic partnership with Google (GOOG) and TPG Rise Climate (TPG) to provide scaled renewable power and storage solutions to new data centers.

Tech Startups
Dec 10th, 2024
Google backs $800M funding round for clean energy startup Intersect Power to fuel sustainable AI data centers

As part of the partnership, Intersect Power will develop new clean energy facilities, with Google serving as an anchor tenant by sourcing energy for its data center campuses within co-located industrial parks.

INACTIVE