Commercial Manager

Elgin Energy; City Of London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Elgin Energy is seeking a Commercial Manager to lead commercial workstreams across its renewable energy portfolio, from early development through Financial Close. You will develop commercial strategies, coordinate inputs from cross-functional teams and support government schemes and route-to-market initiatives to maximise project value.

Reporting to the Head of Commercial, you will drive robust investment cases, challenging financial models and ensuring bankable structures across the UK, Ireland

Qualifications

• Significant experience in renewable energy or utilities.
• Bachelor’s or Master’s degree in a related discipline.
• Strong commercial mindset with ability to evaluate complex opportunities.
• Excellent analytical skills and advanced Excel capability.
• Experience leading cross-functional projects with multiple stakeholders.

Responsibilities

• Lead commercial workstreams across projects from development to Financial Close.
• Develop commercial strategies to maximise value across solar, storage and hybrid assets.
• Coordinate inputs from Development, Finance, Procurement, Legal and Transactions.
• Assess project economics, challenge modelling assumptions and perform sensitivity analysis.
• Support government schemes and route-to-market strategies, ensuring bankable structures.

Skills

Renewable energy

Commercial management

Financial modelling

Cross-functional leadership

Excel proficiency

UK/IE electricity markets

Stakeholder management

Education

Bachelor/Master degree

Tools

MS Excel

Job description

Our Vision

Our Mission

Elgin Values

Core behavioural responsibilities for all employees

• AgilityWe Lead with Agility
• IntegrityWe Act with Integrity
• ExcellenceWe Empower Excellence
• CareWe Value Care

Job Description

Could you lead the commercial thinking that takes renewable energy projects from development to Financial Close?

We’re looking for a Commercial Manager to join Elgin. Reporting to the Head of Commercial, the Commercial Manager will lead commercial workstreams across Elgin's renewable energy portfolio, supporting projects from early-stage development through to Financial Close.

The role is responsible for developing commercial strategies, preparing investment cases, coordinating cross-functional inputs and ensuring projects achieve commercially robust outcomes.

Working collaboratively with the PPA Manager and other internal stakeholders, the Commercial Manager will support the delivery of government support schemes, route-to-market strategies and broader commercial initiatives across the business.

• 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.

Your profile

What you will need:

• Significant experience in renewable energy, utilities, electricity markets or commercial management.
• Bachelor's or Master's degree in Business, Economics, Engineering or a related discipline.
• Strong commercial mindset with the ability to evaluate complex commercial opportunities.
• Excellent analytical skills with advanced Microsoft Excel capability.
• Comfortable interrogating financial models, assessing project economics and undertaking commercial sensitivity analysis.
• 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.

Why us?