Vice President, Power Plant Division at New Leaf Energy

Chicago, Illinois, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Renewable Energy, Clean EnergyIndustries

Requirements

Experience suitable for a Vice President role with P&L responsibility in an IPP (Independent Power Producer) division within a clean energy developer
Ability to lead and manage a small team of 6-8 employees (with potential for growth while maintaining efficiency)
Capability to build and manage relationships with internal teams and external service providers
Deep understanding of the development business (DevCo) and its leaders' problems/priorities, with ongoing ability to deepen that knowledge
Skills to defend the IPP against adverse selection and ensure fair compensation and pricing for services/projects
Experience collaborating on capital raising for project financing
Expertise in overseeing construction projects to ensure high-quality, on-budget, on-time delivery via EPC contractors
Ability to develop asset management strategies for operational projects
Proven track record in selling IPP assets

Responsibilities

Be accountable to the executive team and board for the profitable and efficient functioning of NLE’s IPP, owning the P&L
Complete the remaining work to fully stand up the IPP division
Manage 6-8 employees in the IPP team, focusing on staying small and efficient
Find the appropriate balance of internal and external resources for IPP functions and build relationships with external outsourced service providers
Collaborate with other NLE leaders and employees to ensure smooth cross-functional relationships, prioritizing service and strengthening of the DevCo
Protect the IPP from subsidizing the DevCo, ensuring fair payment for services and good pricing for projects
Collaborate with IPP employees and the CEO to raise capital for project financing
Oversee high-quality, on-budget, on-time construction projects by hiring and managing EPC contractors and others
Develop the IPP’s asset management strategy for projects reaching commercial operation
Sell IPP assets to avoid accumulating a large portfolio and focus on profitability

Skills

P&L Management

Renewable Energy Development

Project Finance

Team Leadership

IPP Operations

Clean Energy Projects

Site Development

Stakeholder Management

Financing

Construction Management

Operations

Power Plant Development

New Leaf Energy

Develops solar and energy storage projects

About New Leaf Energy

New Leaf Energy focuses on developing solar and energy storage projects to promote the use of renewable energy. The company collaborates with local authorities and utilities to create projects that benefit system owners, who own the solar and storage systems, and offtakers, who purchase the energy produced. New Leaf Energy operates in various regions across the United States, including California, New England, New York, Illinois, and Maine. Unlike many competitors, New Leaf Energy emphasizes strong partnerships with landowners to secure project sites and fosters a positive work culture for its employees. The goal of New Leaf Energy is to accelerate the adoption of clean energy solutions for a sustainable future.

55 Technology Dr Suite #102, Lowell, MA 01851, USAHeadquarters

2022Year Founded

BUYOUT_LBOCompany Stage

EnergyIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Hybrid Work Options

Parental Leave

Professional Development Budget

Risks

Competition from Standard Solar may impact market share in Illinois.

Regulatory hurdles in Texas could challenge battery storage project expansions.

Dependency on partners like DSD Renewables may pose operational risks.

Differentiation

Spun off from Borrego, New Leaf Energy has a strong legacy in solar development.

Operates across diverse U.S. regions, enhancing its adaptability and market reach.

Focuses on partnerships with local authorities, ensuring community-aligned renewable projects.

Upsides

Growing demand for community solar projects boosts New Leaf's market opportunities.

Expansion into energy storage in Texas aligns with increasing storage demand.

Partnerships with FirstLight Power enhance grid reliability and sustainability.

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