Vice President, Power Plant Division at New Leaf Energy

Troy, New York, 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 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/priorities, with ongoing collaboration skills
Skills to defend the IPP against adverse selection and ensure fair compensation and pricing for services/projects
Experience collaborating to raise capital 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 operating assets
Willingness to work in a hybrid environment from Lowell, MA; Boston, MA; Troy, NY; Oakland, CA; or Chicago, IL offices (in-office at least two of Tuesday, Wednesday, Thursday per week)

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, keeping the team small and efficient
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, serving and strengthening the DevCo
Defend the IPP against 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 profitable turnover

Skills

Key technologies and capabilities for this role

P&L ManagementRenewable Energy DevelopmentProject FinanceIPP OperationsTeam LeadershipPower Plant ConstructionStakeholder EngagementClean Energy ProjectsAsset ManagementProfitability Analysis

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 the Vice President 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 division is designed to serve and strengthen the core DevCo business without subsidizing it, focusing on building a profitable standalone operation within a developer while maintaining a small and efficient team.

What makes a strong candidate for this Vice President position?

A strong candidate should have experience leading P&L responsibility, building and managing small teams in energy project development, forming external partnerships, and driving profitability in an IPP context within a developer organization.

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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