Deputy Manager - Commercial (Renewables)

Apraava Renewable Energy; Mumbai; On-site; INR 3,000,000 - 5,500,000; Full time

Job summary

Apraava Renewable Energy is seeking a senior professional to drive the qualification of wind power and wind-dominated hybrid projects. You will coordinate with the Project Development Lead to identify investable opportunities and lead techno-commercial due diligence in line with the Greenfield Implementation Plan.

You will manage due diligence budgets, liaison with internal teams and external consultants, and contribute to bid/tender processes.

Qualifications

• Minimum qualification: BE/B.Tech in a relevant engineering field.
• 10+ years overall experience, 5-6 years in wind/renewables or energy projects.

Responsibilities

• Drive qualification of identified wind energy opportunities and hybrid wind-solar projects.
• Coordinate with Project Development Lead to shortlist investable pipeline per Greenfield plan.
• Assess auctions/tender opportunities in wind and hybrid space for suitable opportunities.
• Support development of strategies for future auctions and contribute to investment committees.
• Lead due diligence budgeting, data books, and cross-functional coordination across technical and commercial teams.
• Ensure timely delivery of techno-commercial due diligence reports and proposal documents.
• Engage with 3rd party consultants for on-site data collection and due diligence inputs.
• Lead tender documentation, pre-bid participation, and bid submission processes.
• Assist in securing development permits/licenses from authorities.
• Act as first point of contact with counterparties for technical and commercial evaluations.

Skills

Wind energy

Due diligence

Financial modeling

Cross-functional coordination

Commercial negotiations

Education

BE/B.Tech

Job description

PRINCIPAL ACCOUNTABILITIES

• Drive the qualification of identified new business opportunities in the wind power projects and wind dominated wind-solar hybrid projects with the objective of supporting the growth of Apraava Energy s Renewables portfolio
• Co-ordinate with the Project Development Lead (in the interim handled by Project Management Lead) to identify and shortlist the investable pipeline of project opportunities in accordance with the Greenfield Implementation Plan, based on desktop analysis and preliminary techno-commercial assessments.
• Comprehensive assessment of various auctions / tender opportunities in wind and wind dominated hybrid space for suitable opportunities in accordance with the Greenfield Implementation Plan
• Support the team in build-up of requisite strategies for future auctions to Apraava Energy.
• Support Project Management Lead in developing the slide packs for Advance Notice presentations to be made to Apraava Energy. and CLPH Investment Committee
• Post Advance Notice approval, prepare and seek approval for project specific due diligence budget
• Lead and co-ordinate with various cross-functions within Apraava Energy and CLPH on various technical aspects of project including but not limited to developing major equipment specifications and drawings, site surveys with technical analysis, grid connection status analysis, etc.
• Collate available information on the identified business opportunity; analyse information gaps and coordinate with peers and seniors to address the same
• Engage with 3 rd party consultants for support on collating on site data and inputs required for due diligence
• Lead and co-ordinate with various cross-functions in Apraava Energy and CLPH on due diligence required for various techno-commercial aspects of the identified project opportunity
• Ensure timely delivery of techno-commercial due diligence reports and other proposal documents adhering to the project timelines as detailed by Project Management Lead
• Develop, review, discuss and finalize comprehensive assumption data book for the given investment opportunity; provide clarifications to various stakeholders / shareholders on various assumptions during the investment review process
• Assist Line Manager in preparing various business case presentations / documents for approvals from Apraava Energy, CDPQ and CLP Hong Kong Management
• Lead and manage tender documentation from perspectives such as review of tender documents, participation in the pre-bid meetings, arranging the documentation for bid submission, etc.
• Support securing the development permits and licenses (as applicable) from relevant government authorities and regulators
• Be first point of contact with the counterparties on various aspects such as cross-functional co-ordination, technical negotiations (including contractual) and commercial evaluation and support the Project Management Lead in the commercial negotiations (including contractual) with the counterparties
• Keep track of developments in offshore space which is still in nascent stage in India and keep India Management abreast of the same

Support allied aspects of Project Management activities

• Keep track of various aspects of key components of the project such as new technology changes globally and locally
• Lead preparation of annual business development budget for business development activities pertaining to wind in consultation with supervisor keeping in mind the projects in pipeline and development models
• Support the Project Management Lead in project management activities and lead the vendor management activities
• Contribute to various other cross-functional initiatives at India and Group-level to improve internal processes and enhance system agility

Ensure internal/external audit preparedness by collating and maintaining required documentation with the objective of enhancing the image of Apraava Energy as a good corporate citizen

• Ensure creation and maintenance of project documentation on a periodic basis
• Ensure audit preparedness by adhering to standardized business processes and supporting availability of all required documents
• Support in Internal reporting at India/ Group level- Monthly IEX presentation / MD update / RESC meeting, Quarterly PIO update, etc.

DECISIONS

As per the defined authority matrix Approvals within the budgets defined and decision matrix Observations in the works performed by the external consultants

Recommendations to or approval by superior

Budget for the Due diligence Comprehensive assumption data book Technological changes

INTERACTIONS

Internal Clients

Roles you need to interact with inside the organization to enable success in your day-to-day work

Finance Team/Investment Analysis Team - Support with inputs in developing financial model for integration with the technical due diligence

Wind Resource Team - Support with inputs and site data for carrying out the energy prognosis

Asset management Team - Support with technical inputs for assessing the asset management requirement

India Technical Team and CLP Hong Kong (Technical) - Technical inputs on evaluation and qualification of new opportunities

HSSE Team - Support with inputs for carrying out health, safety, security and environment assessment for new project opportunities

Procurement Team - Engagement with the consultants and external agencies

Legal- Support and coordination for non-disclosure agreements and Contract documentation

External Clients

Roles you need to interact with outside the organization to enable success in your day-to-day work

External consultants - Opportunity evaluation support; sourcing of new opportunities

Auditors - Statutory and policy compliance

Government Agencies - securing permits and approvals

Counterparties (including OEMs / EPC Contractors, etc.) - Technical documentation and resolving technical due-diligence findings

SKILLS AND KNOWLEDGE

Educational Qualifications

• Minimum Qualification: B.E/B.Tech

Functional Skills

• Understanding of the Indian Power Industry with a knowledge of the power value chain
• Understanding of operations and design aspects of equipment required in Renewable Power Plants
• Understanding of sites surveys
• Knowledge of power grids
• Power yield analysis
• In depth understanding of power value chain from renewable sources
• Preliminary understanding of the financial sector - working of financial models, cash flows, taxation, project evaluation
• Technology related aspects of renewable energy in general and solar energy in particular
• Latest developments in the power sector
• Analytical thinking
• Communication Skills
• People agility and interpersonal skills
• Teamwork
• Execution excellence

Relevant and total years of Experience

• Overall experience: 10 years, Relevant experience: 5- 6 years