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Director/Associate Director of Development
$97k-153k (estimate)
Full Time | Utilities 0 Months Ago
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Cypress Creek Renewables is Hiring a Remote Director/Associate Director of Development

The Company
Cypress Creek Renewables is powering a sustainable future, one project at a time. We develop, finance, own and operate utility-scale and distributed solar and storage projects across the country. Fostering a diverse group of innovative thinkers from all backgrounds, Cypress people are drawn to work in a purpose-driven organization. We hope you will join us.

The Role
The Director/Associate Director will have a leadership role within the PJM development team. Leading from the front to help the team achieve its goals around solar and storage project development, the successful candidate will have deep knowledge of these markets; proven renewable project development and transaction experience; strong communication skills and financial acumen; and an ability to drive complex deals to closure.
The Director/ Associate Director will have one or more direct reports and is expected to be hands-on with the development work. CCR is a culturally flat organization where senior and junior team members work collaboratively throughout the project lifecycle. The Development organization leads asset development from early (site acquisition) to late (NTP) stages and is responsible, along with the Origination team, for securing project revenue.
In addition to individual project work, the successful candidate will have experience driving policy and regulation and will work hand in hand with the Policy and Strategy team to execute policy priorities in PJM. The successful candidate with thrive in a collaborative culture and will additionally interface with M&A and Structured Finance to actualize value in and out of the pipeline. We are looking for a team member able to hit the ground running, who is excited by a fast pace and is eager to make CCR the leading solar and storage developer in PJM.

Responsibilities

  • Embrace and model the Cypress Creek mission and values.
  • Assist in the development of the PJM development strategy and then drive and execute towards the team goals
  • Work closely with Origination lead, Policy, Storage, EPC, Investment Analytics and Project Finance teams to vet and enact said strategy and tactics.
  • Manage team member(s) and support staff while providing leadership and mentorship in negotiation, analysis, risk assessment and business development.
  • Manage and collaborate with internal and external resources in the process of structuring, negotiating, and closing project transactions including land agreements, interconnection, tax agreements, PPAs, etc.
  • Originate, lead and/or manage due diligence on projects, sites, and counterparties for acquisition projects.
  • Analyze and interpret regulations, power economics, input prices and other data by market and provide input to the company's business plan and development strategy in the aforementioned ISOs.
  • Develop and maintain partnerships across retail, corporate and utility off-takers.

Skills and Requirements

  • 5 years of experience in renewable energy project development, with a strong preference for utility-scale renewable experience in PJM, MISO and ERCOT.
  • Demonstrated success in developing customer/partner relationships.
  • Extensive experience in renewables PPA/hedge execution.
  • 4-year degree required. MBA or other relevant master's degree valued.
  • Ability to synthesize complex risks and opportunities into succinct and actionable directions.
  • Deep understanding of the policy, regulatory and competitive dynamics that drive revenue and market access in PJM.
  • Self-motivated with a high level of initiative, attention to detail and accountability. Ability to multi-task and work in a deadline driven environment.
  • Strong interest in joining a dynamic, value-building environment and being part of a high-performing and collaborative team.

Benefits:

  • 15 days of Paid Time Off, accrual up to 20 days, 9 observed holidays.
  • 10% 401(k) Match
  • Comprehensive health insurance package including medical, dental, and vision
  • Tuition Reimbursement
  • Phone Bill Reimbursement
  • Fully expensed company travel, mileage reimbursement
  • Gym stipends
  • Annual Holiday Parties and Company Swag

Locations: Strong preference to be located at our CCR office in Durham, NC, while open to a remote position for the right candidate.

Job Type: Full-time

Job Summary

JOB TYPE

Full Time

INDUSTRY

Utilities

SALARY

$97k-153k (estimate)

POST DATE

04/01/2023

EXPIRATION DATE

03/29/2024

WEBSITE

ccrenew.com

HEADQUARTERS

SANTA MONICA, CA

SIZE

200 - 500

FOUNDED

2014

CEO

BEN VAN DE BUNT

REVENUE

$10M - $50M

INDUSTRY

Utilities

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