Commercial Lead – Renewable Energy Projects

Elgin; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

Elgin is seeking a Commercial Manager to join its renewable energy team. Reporting to the Head of Commercial, you will lead commercial workstreams across projects from development to Financial Close, developing strategies and coordinating inputs from Development, Finance, Procurement, Engineering, Legal and Transactions.

You will oversee government support schemes (CfD, Irish RESS, Capacity Markets), route-to-market strategies and value optimization across solar, storage and hybrids in the UK,

Qualifications

• Significant experience in renewable energy, utilities, electricity markets or commercial management.
• Bachelor's or Master's degree in Business, Economics, Engineering or related discipline.
• Strong commercial mindset with the ability to evaluate complex opportunities.
• Excellent analytical skills with advanced Microsoft Excel capability.
• Comfortable interrogating financial models and assessing project economics.
• Financial modelling experience is desirable but not essential.
• Experience leading cross-functional projects involving multiple internal and external stakeholders.
• Strong understanding of UK and/or Irish electricity markets, renewable support schemes and route-to-market structures.
• Excellent communication, presentation and stakeholder management skills.
• Self-motivated with strong problem-solving ability and the capacity to manage multiple commercial workstreams simultaneously.

Responsibilities

• Lead commercial workstreams across Elgin's renewable energy portfolio from project development through to Financial Close.
• Develop commercial strategies to maximise value across solar, storage and hybrid projects in the UK, Ireland and Italy.
• Lead the commercial workstream for government support schemes including UK CfD, Irish RESS, Capacity Markets, MACSE and future market mechanisms.
• Prepare commercial business cases, ELT papers, Investment Committee papers and Board approvals.
• Coordinate the commercial inputs required from Development, Finance, Procurement, Engineering, Construction, Legal and Transactions to support investment decisions.
• Assess project economics, challenge financial modelling assumptions and undertake commercial sensitivity analysis in collaboration with the Finance and Modelling teams.
• Develop and assess project route-to-market strategies, working alongside the PPA Manager during commercial negotiations and contract execution where appropriate.
• Lead commercial evaluation of strategic opportunities including new markets, emerging revenue structures, acquisitions and portfolio optimisation initiatives.
• Maintain constant engagement with internal stakeholders to ensure commercial risks and opportunities are identified throughout the project lifecycle.
• Monitor power markets, government policy, competitor activity and regulatory developments to provide recommendations on commercial strategy.
• Support lender due diligence and financing processes to ensure commercial structures remain bankable.
• Develop innovative commercial structures and continuously improve Elgin's commercial strategy, governance and investment processes.

Skills

Commercial acumen

Financial modelling

Stakeholder mgmt

Cross-functional leadership

UK/IE markets

Excel

Education

Bachelor's or Master's degree in Business, Economics, Engineering or related discipline

Job description

Elgin is seeking a Commercial Manager to join its renewable energy team. Reporting to the Head of Commercial, you will lead commercial workstreams across projects from development to Financial Close, developing strategies and coordinating inputs from Development, Finance, Procurement, Engineering, Legal and Transactions.

You will oversee government support schemes (CfD, Irish RESS, Capacity Markets), route-to-market strategies and value optimization across solar, storage and hybrids in the UK,