Vice President, Power Plant Division at New Leaf Energy

Oakland, California, 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 balance internal and external resources, including building relationships with external service providers
Deep understanding of the development business (DevCo) and its leaders' problems and priorities, with ongoing collaboration skills
Skills to defend the IPP against adverse selection, ensure fair compensation, and negotiate good prices for projects
Experience collaborating on capital raising for project financing
Expertise in overseeing high-quality, on-budget, on-time construction via EPC contractors and others
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 division
Find the appropriate balance of internal and external resources for IPP functions and build relationships with external providers
Collaborate with other NLE leaders and employees to ensure smooth cross-functional relationships, prioritizing service and strengthening of the DevCo
Defend the IPP against subsidizing the DevCo, ensuring fair payment and good pricing for projects
Collaborate with IPP employees and the CEO to raise capital for project financing
Ensure 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

Skills

Key technologies and capabilities for this role

P&L ManagementRenewable Energy DevelopmentProject FinanceIPP OperationsTeam LeadershipConstruction ManagementProject OperationsStakeholder ManagementSite DevelopmentClean Energy Projects

Questions & Answers

Common questions about this position

What is the reporting structure and team size for this role?

The VP reports to the CEO and will manage a small team of 6-8 employees in the IPP division, with the objective to stay small and efficient while drawing on broader company resources.

What is the location and work arrangement for this position?

The position may be based out of Lowell, MA; Boston, MA; Troy, NY; Oakland, CA; or Chicago, IL offices in a hybrid work environment, requiring in-office presence at least two out of every Tuesday, Wednesday, and Thursday.

What are the main responsibilities of this VP role?

Key responsibilities include owning the P&L for the IPP division, standing up the remaining IPP operations, managing a team of 6-8 employees, balancing internal and external resources, and collaborating cross-functionally to ensure profitability while serving the core DevCo business.

What is the company culture or philosophy regarding the IPP division?

The IPP is designed to serve and strengthen the core DevCo business without subsidizing it, focusing on building a profitable division within a developer while maintaining the develop-and-sell core model.

What compensation or salary information is provided?

This information is not specified in the job description.

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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