Intern, Capital Markets

Clearway Energy Group; San Francisco (CA); Hybrid; USD 30,307 - 35,817; Full time

Job summary

Join Clearway Energy Group as a Capital Markets Intern in San Francisco. This 10-week Summer Internship Program will equip you with skills in financial modeling and renewable energy financing. Your tasks will include refining project finance models and analyzing market trends.

We're seeking current juniors pursuing degrees in Engineering, Business, or Finance. This hybrid role requires advanced Excel skills and a passion for renewable energy. Apply by June 1, 2026, to become part of a team focused on inclusive success.

Qualifications

• Current junior pursuing a bachelor's degree.
• Understanding of financial concepts including DCF and NPV.
• Eagerness to learn about capital markets and renewable energy.

Responsibilities

• Refine Excel-based project finance models.
• Develop data automation for project finance models.
• Prepare presentations on transaction status for Leadership Team.
• Analyze recent market trends in renewable energy financing.

Skills

Advanced Excel skills

Financial analysis knowledge

Interpersonal skills

Intellectual curiosity

Self-motivation

Ability to work independently

Education

Bachelor’s degree in Engineering, Math, STEM, Finance, Business, Economics

Tools

Excel

VBA

Job description

Who We Are Looking For

The Capital Markets Intern will be part of Clearway’s Capital Markets Team and will report to the Senior Manager, Capital Markets. The Capital Markets Team is responsible for project finance, valuation, analysis, process improvement, and data systems in the Battery Storage, Utility Solar, and Utility Wind space. In particular, the team is responsible for the analysis, structuring, and execution of non‑recourse construction debt, term debt, tax equity, and cash equity (project sale) transactions for renewable energy projects in the United States.

This 10‑week Summer Internship Program at Clearway Energy Group begins on June 1, 2026. We are looking for current juniors (expected graduation Spring 2027) pursuing a bachelor’s degree in Engineering, Math, STEM, Finance, Business, Economics, or a related field.

The role will be based in the San Francisco office. It is a hybrid position with in‑office work on Tuesdays and Thursdays.

What You’ll Be Doing

Model Optimization & Process Improvements

• Refine Excel‑based project finance model templates that support our project origination, development, construction, financing, and asset management business.
• Develop and improve data automation that connects the project finance models and financial data systems, enabling efficient use at scale and exploring AI‑based enhancements.
• Help architect and implement analytical and data infrastructure that enables structured project finance analysis to be leveraged across the organization for financing, internal and external tracking/reporting, and budgeting.
• Process, analyze, and present findings on recent market trends, federal regulations, and key industry news involving renewable energy financing transactions to the Capital Markets Team.

Financial Modeling & Management

• Implement the terms of tax equity, construction debt, term debt, cash equity, and other financing mechanisms in the project finance model templates.
• Communicate underwriting standards to internal stakeholders and incorporate those standards into project finance models.
• Support running financing processes to identify and secure optimal sources of capital for the company’s goals.
• Prepare presentations and reports on transaction status, risks, and benefits for the Leadership Team.

The Capital Markets Intern will be assigned to an individual project and will present results to the team and leadership at the end of the internship.

What You’ll Bring

Core Knowledge and Skills:

• Advanced Excel skills and understanding of key financial concepts such as financial statements, accrual vs. cash accounting, discounted cash flow analysis, time value of money, internal rate of return, and net present value.
• Ability to work well in a collaborative environment that emphasizes attention to detail, meeting deadlines, and achieving company‑wide objectives.
• Intellectual curiosity and demonstrated interest in renewable energy, including recent industry updates and market dynamics.
• Strong interpersonal skills and willingness to ask questions, listen, and contribute ideas.
• Self‑motivated, dependable, and accountable, with a readiness to seek out additional responsibilities when tasks are complete.
• Ability to work independently, multitask, and take ownership of projects and assignments.
• Eagerness to learn about the role of the Capital Markets Team within Clearway and the renewable energy project finance industry.

What Would Be Nice

Preferred Qualifications:

• Project finance modeling experience (discounted cash‑flow analysis with multiple investors).
• Experience in the power or infrastructure industry or a demonstrated strong interest.
• Background with VBA and an interest in sharpening those skills through real‑world projects.

Salary Range (All U.S. Locations): $22—$26 USD per hour.

Clearway Energy Group is an equal‑opportunity employer that values a broad diversity of talent, knowledge, and experience. We intentionally foster a culture of inclusion that empowers employees to deliver superior performance to the communities we serve. Clearway supports reasonable accommodations for applicants with disabilities; if you need an accommodation, please send an e‑mail to [e-mail].

Notice to California Applicants: Clearway Energy Group is strongly committed to a philosophy of equal opportunity and fully complies with equal‑employment‑law statutes and regulations for all applicants and employees.