Originator

Alpiq Group; Lombardia; Hybrid; EUR 90,000 - 130,000; Full time

Job summary

Alpiq Group in Milano is seeking a senior Origination professional to drive long-term commercial transactions in the Italian energy market. You will originate and structure physical and virtual PPAs, coordinate with trading, risk, and legal teams, and push for decarbonization aligned opportunities across our portfolio.

The role requires 5+ years in energy origination or related fields, fluency in Italian and English, and a proven track record in pricing, valuation, and negotiations.

Qualifications

• 5+ years in origination, trading, or business development in energy.
• Deep knowledge of physical and virtual PPAs and hedging.
• Fluent Italian and strong English communication.
• Familiarity with EFET and long-term contract frameworks.

Responsibilities

• Originate and structure physical and virtual PPAs and hedges.
• Lead commercial negotiations with clients and counterparties.
• Provide market valuations and business cases to internal stakeholders.
• Identify decarbonization opportunities and sustainable products.
• Collaborate with Structured Trading, Risk, Legal, and Finance.
• Maintain governance and coordinate internal approvals.
• Develop relationships with producers and large consumers.

Skills

Origination

Structured energy trading

Business development

Tools

EFET framework

Job description

Role type: Permanent | Location: Milano | Model: Hybrid | Level of travels: 50%

Are you looking to make an impact in the energy sector? Become part of Alpiq - your energy matters!

Alpiq is one of Switzerland’s leading electricity producers and a key energy services provider across Europe. Headquartered in Lausanne and powered by a strong portfolio of hydropower, nuclear, and renewable energy sources, we’re all about impact, for the climate, for people, and for the security of supply.

More than 1,300 colleagues from nearly 60 nationalities bring their energy to a shared purpose: Together for a better climate and an improved security of supply.

We work in a values-driven culture shaped by trust, curiosity, and respect. Our 4 company values have been co‑created with our employees and are embedded in everything we do as a company:

“We are ALP1Q “- reflects our team spirit

“We learn and grow together” - we have courage

“We share the steering wheel” - we take ownership

“We focus on the outcome” - your impact matters

At Alpiq, your energy matters!

Mission

Alpiq is one of Switzerland’s leading electricity producers and a key energy services provider across Europe. Headquartered in Lausanne and powered by a strong portfolio of hydropower, nuclear, and renewable energy sources, we’re all about impact, for the climate, for people, and for the security of supply. More than 1,300 colleagues from nearly 60 nationalities bring their energy to a shared purpose: Together for a better climate and an improved security of supply. As an Originator, you drive the development and execution of long term commercial transactions in the Italian energy market, ranging from physical and virtual PPAs to structured supply and asset linked solutions. The role combines market insight, commercial creativity and analytical rigor to identify value accretive opportunities that expand Alpiq’s portfolio and support clients on their decarbonization journey. Success requires close collaboration with Structured Trading, Risk, Legal and central teams to ensure coherent pricing, sound valuation and hedging alignment, ultimately contributing to the long term risk adjusted PnL of the Italian business.

Your main responsibilities

Originate and structure physical and virtual PPAs, long term hedges, and structured transactions, ensuring commercial competitiveness, value creation and alignment with Alpiq’s risk appetite.

Drive and support commercial and contractual negotiations with clients, producers and counterparties, coordinating closely with the Legal team to ensure robust and compliant contractual frameworks.

Provide market insights, quantitative valuations and structured business cases to support internal decision making and strengthen transaction value and feasibility.

Identify and originate opportunities linked to decarbonization, renewable attributes and sustainability driven products, contributing to portfolio growth and customer value.

Support the development and improvement of products, procedures and systems that enhance the PPA and hedging business and improve execution quality and efficiency.

Collaborate with Structured Trading to ensure coherent pricing assumptions, valuation alignment and hedging consistency, providing commercial insight and strategic thinking.

Coordinate with Risk, Credit, Treasury, Finance and other corporate functions to ensure proper governance, risk assessment and completion of the required internal approval processes.

Ensure timely and transparent communication of deal pipeline, commercial progress and key risks, and report directly to the Head of Origination Italy.

Contribute to value-accretive long-term transactions that expand Alpiq’s Italian commercial portfolio.

Develop trusted relationships with key producers, large consumers, and market counterparties, enabling a sustainable origination pipeline.

Enhance coordination with Structured Trading, Legal, and Risk, improving consistency and quality of deal execution.

Support the development of innovative sustainability and decarbonization-focused products.

Contribute to the long-term risk-adjusted profitability (PnL) of the Italian structured portfolio through disciplined pricing, structuring, and commercial positioning.

Your profile

5+ years of experience in origination, structured energy trading, or business development.

Strong experience with physical and virtual PPA structures, including pricing, valuation, and negotiation.

Familiarity with EFET and long-term structured contract frameworks.

Solid understanding of the Italian power market.

Strong creativity and strategic thinking, with the ability to identify new origination opportunities and shape innovative, value‑accretive commercial solutions.

Analytical skills to build valuations and business cases.

Native-level Italian and excellent English (written and spoken).

Experience with sustainability-related commercial solutions.

Understanding of regulatory, market, and credit risk principles.

Strong ability to collaborate effectively across multiple internal functions

Disclaimer: Please note that applications submitted by agencies or third-party recruiters will not be considered unless the agency is part of our Preferred Supplier List (PSL).

Please note that by giving consent, personal data will be transmitted to third parties. You can adjust your consent at any time.

At Alpiq, we are committed to creating an inclusive work environment, where everyone can bring their ‘whole selves’ to work and feel valued, respected, and heard. This principle is central to our company’s purpose, values, and leadership approach. We strongly believe that organizations thrive through the inclusion of diversity. Everyone’s energy matters regardless of characteristics, such as age, gender, nationality, language, sexual orientation and identity, religion, social or ethnic background or any other personal traits.

Data protection

At Alpiq, data privacy is an important topic. Please therefore take note of the corresponding Privacy Notice that appears in the online application form and explains in detail the purpose for which we process your personal data. It is of great concern to us to inform you as transparently as possible and process your data only in a fair manner.