Director Project Finance

Cultivate Power is seeking a driven and intellectually curious candidate as a Director of Project Finance. This person will lead project sale and project financing deals, make investment recommendations based on valuation analysis, and have the opportunity to manage select corporate finance activities (such as corporate debt financing, capital planning, tax strategies, etc).

The Director will embody Cultivate’s entrepreneurial spirit. Over time the Director will identify and lead new value creation opportunities, which could range from unlocking accretive financing, project M&A opportunities, new business line opportunities, and more.

The Director’s core project sales activities will involve running NTP-ready community solar project portfolio sales auctions, managing negotiations and sales counterparty relationships, and running the sales process from diligence through closing. For project financings, the Director will build relationships with lenders and tax equity investors and manage the financing of community solar portfolios.

The Director will also work closely with Cultivate’s Development Market Leads to analyze valuation scenarios for projects in Cultivate’s markets, informing development investment decisions. The Director will have the ability to model project valuation scenarios independently when needed. For corporate finance activities, the Director will learn how to run a medium-sized business from a strategic, capitalization, and financial operations perspective. The Director will have the opportunity to own and lead specific portions of corporate finance such as corporate debt, tax investments, and semi-annual capital planning processes.

A great candidate is excited to work across multiple finance functions : project sales / financing, valuation / investment decisioning, and corporate finance. In bigger companies, these represent three distinct finance functions, but at Cultivate, we see significant synergies and value creation by combining these responsibilities across all finance team members. We are a dynamic company where everyone models, everyone drives value creating new ideas, and everyone “takes out the trash” (from time-to-time).

This role will accelerate a Director forward in an entrepreneurial career in renewables investing, financing, and development.

Join us if you are excited by the opportunity to turn land into renewable power plants, if you want to make the world a better place with more renewable energy, and if you want to learn by doing and working hard.

About us :

Cultivate Power is a distributed solar and storage platform. We develop distributed energy resources that advance the productive use of the land and integrate with the community and grid. We believe community generation improves grid resiliency, furthers energy independence, and brings economic benefits to local communities. Our top focus is cultivating land into distributed renewable energy projects.

At Cultivate Power we have completed the development of more than 100MW and have a 1.5GW pipeline. Our 20-25 person team has significant experience developing and financing solar, wind, battery storage, and transmission projects, as well as policy and market development across more than 25 states. The Cultivate Power team’s skillset spans project development, project financing, policy, and power marketing from the beginning stages of land development all the way to project construction and operations.

We are a talent-centric company that believes deeply in empowering our team members with significant responsibility and creating a culture of inclusivity and diversity. We cultivate our team’s talent, providing each team member with the training, support, and incentives they need to grow and thrive at Cultivate Power.

Essential Duties and Responsibilities :

• Project Sales and Financings : lead the sale and financing of solar and storage projects, including cultivating counterparty sales relationships, running auctions, maximizing portfolio value, managing project financial models, developing and managing bank / tax equity relationships, overseeing project diligence, and negotiating transaction documents.
• Project Valuation : evaluate project returns across markets and multiple scenarios to inform individual project development decision-making, as well as support the development team in evaluating market entry decisions. Form investment recommendations based on analysis of valuation models, strategic considerations, and risk / return frameworks.
• Corporate Finance : selectively rotate through the management of various corporate finance functions in order to contribute to and learn all that is required to maximize value in a mid-sized development business. Key activities that the Director will rotate through include : raising corporate debt / equity / other financial instruments, tax equity investing, tax planning and optimization, managing corporate financial model, corporate cash forecast, and capital budget planning.
• Entrepreneurial new opportunities and whatever else it takes : we are a high-growth passionate business and invite all team members to roll up their sleeves and help us do the work to deliver renewable energy and community benefits. There will be opportunities to lead in project M&A activities, new business lines, and entrepreneurial financing ideas. As the Director grows in experience, they will find new ways to add value to and grow Cultivate Power’s impact.

Requirements :

Please apply : Send an email with your resume to matthay@cultivate-power.com

Seniority level

Director

Employment type

Full-time

Job function

Finance and Sales

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