Sol Systems is seeking a full-time Associate to join the M&A team within Sol’s fast-growing utility-scale development and IPP business. This person will be critical in driving growth for the company by supporting the acquisitions of development-stage projects and portfolios (and, occasionally, platforms).  As needed and secondarily, the person will have the opportunity to support Sol’s enterprise-wide corporate finance efforts as the company expands the funding sources for its businesses.

This person’s primary responsibilities will be supporting the origination, evaluation, negotiation, and closing of acquisitions of utility-scale solar and storage projects/portfolios to support Sol’s ambitious targets as it expands its position as a leading customer-focused IPP.

Sol Systems is a solar energy project development and financial services company with a national footprint and a diverse customer, investor, and partner base. We have financed or developed over $2 billion of solar energy assets to date, including working with customers such as Microsoft, Google, Amazon and Nationwide. As a leading renewable energy developer, financier, trader and operator, Sol empowers entrepreneurs to have a meaningful impact on the world with a focus on catalyzing the development and operation of sustainable infrastructure. Sol has been founder-led since 2008 and is backed by private equity firm KKR.

Key Responsibilities:

• Evaluate projects quantitatively and qualitatively to assist investment decisions

Responsible for leading evaluation, valuation, and diligence of projects which are being sold by developers, IPPs, and private equity participants in the renewables industry. This will involve performing initial project diligence to vet projected returns, expected capital expenditure, electricity production, revenue drivers, ongoing operating expenses, etc. 

• Project valuation and Excel-based quantitative modeling

This person will be responsible for maintaining and operating complex financial models for project acquisition.  The person will interface closely with our Structured Finance team to ensure acquisition models are aligned with our project financing model structures and assumptions.

• Manage the diligence process for projects, coordinating among internal and external SMEs

It will also involve working with subject matter expects on our Grid Integration (i.e. transmission), Development, Community Relations (i.e. permitting), and Enterprise (i.e. offtake) teams to drive Sol’s evaluation of all aspects of a development project – the candidate must be versed enough in these disciplines to be able to manage this analysis.  The candidate will also need to manage external consultants who may be retained during detailed diligence phases.

• Support bids and support the development/negotiation of term sheets and project acquisition documents

Support responding to requests for bids for utility-scale solar and storage development projects being sold by developers, IPPs, and private equity firms.  Support commercial negotiations with solar project developers and financial advisors that Sol Systems engages with during the project acquisition process. 

• Analyze ISO/RTO queues for development-stage acquisition targets
• As needed, support Sol System’s corporate finance initiatives

As Sol expands its IPP and asset ownership model, the company is requiring different types of capital.  Expanding our sources of capital (e.g. development facilities, construction revolvers, HoldCo debt facilities), is critical to the company’s success.  Given a successful candidate is likely to have experience which would be helpful in these corporate finance needs, the candidate would, as needed, have an opportunity to work on initiatives in support the SVP of Finance and/or CFO. 

• Managing M&A team’s opportunity database, market intel, and database of pricing

Managing, with support from an Analyst, our internal database of M&A opportunities (past and present) to ensure lessons learned and proper diligence methods are maintained.  Maintain an eye on macro-economic trends with an eye toward energy markets, particularly as they relate to the renewables space. Will also be responsible for improving and operating analytical models for M&A projects. 

• As needed, prepare Sol investment/financing-related marketing materials

Develop marketing materials which supports Sol Systems’ efforts in marketing assets and originating capital. Represent Sol Systems at industry conferences to meet with stakeholders and originate developer relationships.

A successful candidate will possess the following credentials, skills, and attributes: 

• Bachelor’s Degree, preferably in Finance, Business, Economics, or quantitative field
• 2-3 years of experience in project finance, energy development, or private equity with a robust understanding of financial models and investment analysis
• 1-2 years relevant renewable energy (or energy/infrastructure more generally) experience
• Strong financial modeling skills
• Excellent ability to manage multiple competing priorities
• Strong willingness and aptitude at communicating creative ideas, challenges, solutions, and mistakes
• Excellent documentation and reporting skills
• Creative problem solver

Location & Hours: This is a full-time role and will be based in our Washington, DC office.

Commitment & Compensation: Compensation will be commensurate with experience. In addition, Sol Systems provides health insurance, retirement benefits, partial gym reimbursement, education benefits, parental leave, paid vacation, sick and federal holidays, and the opportunity to work in a unique and dynamic environment.

To Apply: Please submit a resume, cover letter and salary requirements.

Deadline: We hope to hire for these positions immediately and will review applicants on a rolling basis.

Sol Systems is an equal-opportunity employer, and does not discriminate based on gender, race, ethnicity, orientation, creed, or other traits. Sol Systems supports and encourages candidates of all backgrounds to apply.