Renewable Energy Capital Markets Intern

Clearway Energy Group; San Francisco (CA); On-site; Full time

Job description

Who We Are Looking For

TheCapital MarketsInternwill be part of Clearway’sCapital Markets Teamand will report totheSeniorManager, Capital Markets.TheCapital Markets Teamisresponsible forproject finance, valuation, analysis, process improvement,and data systems in the Battery Storage, Utility Solar, and Utility Wind space.In particular, the teamis responsiblefortheanalysis,structuring, and executionofnon-recourse construction debt, term debt, tax equity,and cash equity (project sale) transactions for renewable energy projects in the United States.

This position is part of the 10-week Summer Internship Program at Clearway Energy Group beginning on June 1, 2026.

We are looking for current juniors(i.e.expected graduationinSpring 2027)pursuing abachelor’s degree in Engineering, Math, STEM, Finance, Business, Economics, or related field.

Throughout this summer internship program,you’llget exposure to real projects and challenges while gaining first-hand professional experience. At Clearway,you’llgain access to an innovative and fast-paced work environment.You’llalsoparticipatein networking and learning events with your fellow intern cohort.

If youdon’tmeet 100% of the qualifications but see yourself contributing, pleasesubmityour resume.

This is a hybrid role that will be based in theSan Francisco office.Our hybrid policy is that employees are in-office on Tuesdays& Thursdays.

Program Timeline:(subject to change)

Applications Close:January 30

Interviews:February - March

Final Decision:March 31

Program Dates:June 1 – August 7

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, J-1 etc.) or provide anyassistancein support of any other form of immigration sponsorship or benefit including OPT or CPT.

What You'll Be Doing

TheCapital Markets Internprimary responsibilitieswillinclude:

Model Optimization& Process Improvements

• Refine Excel-based project financemodel templates thatserveour project origination, development, construction, financing, and asset management business.

• Develop and improve the dataautomationconnecting the project financemodels and financial data systems thatenableefficient use of the model at scale (for many projects), including the exploration of AI-based improvements.

• Help architect and implement the analytical and data infrastructure that enables structured project financeanalysis to beleveragedacross the organization in project financings, internal tracking/reporting, external tracking/reporting, budgeting, etc.

• Process, analyze, and present findings toCapitalMarketTeam on recent market trends, federal regulations,andkey industry news that involve renewable energy financing transactions.

Financial Modeling & Management

• Implement the terms of the tax equity, construction debt, term debt, cash equity, etc. financing in the project financemodel templates.

• Communicate to internalstakeholdersour underwriting standards and implement those standards in the project financemodel templates.

• Support running financing processes to find and secure sources of capital that are the best fit for the company’s goals.

• Support presentations and reports on transaction status, risks,and benefits to theLeadership 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 KnowledgeandSkills

• Advanced Excel skillsand 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 working together to achieve company-wideobjectives.

• Intellectual curiosity and ademonstratedinterest in renewable energy, including recent industryupdatesandmarketdynamics.You’rehere because you believeinand want to help create a clean energy future.

• Strong interpersonal skills.You’rewilling to ask lots of questions, listen to your colleagues, and contribute your ideas.

• Self-motivated, dependable, and accountable. This means showing up, being present, and being eager to dive into the workday. If you ever feel likeyou’vecompleted all your tasks and have time to spare,you’reeager to speak up and ask what else you can do.

• Ability to work independently, multitask,and take ownershipofprojects and assignments.You’recomfortable taking initiative, asking questions, and speaking up.

• Eagerattitude towardslearningabout therole that theCapital Markets Teamplayswithin Clearway and the renewable energy project finance industry.

What Would Be Nice

Preferred Qualifications

• Project Finance modelingexperience(i.e.,discounted cash-flowanalysiswith multipleinvestors).

• Experience working in the poweror infrastructureindustry(ordemonstratedstrong interest).

• Background with VBA and an interest in sharpening those skills through working on real-world projects.

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is not eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across All U.S. Locations

$22—$26 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion
Clearway Energy Group’s vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Working at Clearway, Hybrid Together
Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, San Diego, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities for our Military & Veterans.

What We Provide
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.

Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equalemploymentlaws, ordinances, and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail [e-mail] let us know the nature of your request and your contact information.

Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies withequalemploymentlaws,ordinances and regulations for all applicants and employees.

Job posting details for Intern, Capital Markets at Clearway Energy Group in San Francisco, California, United States. Compensation / salary range: $22—$26 USDClearway Energy Group is leading the transition to a world powered by clean energy. ClimateTechList gathers 9,000+ job openings from over 523 climate tech companies and updates them daily.