Deputy Manager - Bidding

About Company

ReNew is a leading decarbonization solutions provider and the first Indian clean energy company to list on Nasdaq (Nasdaq: RNW). With 16.3 GW of commissioned and pipeline utility-scale projects, we are a global company with strong Indian roots. Founded in 2011, ReNew is at the forefront of fighting climate change by offering decarbonization solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage. ReNew has been a pioneer in leveraging digital technologies to accelerate the transition to green energy and address the unique requirements of the B2B segment in India, where we are the market leader. Our mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew is the world’s first clean energy company to be recognized as a Lighthouse by the World Economic Forum. In 2023, we were recognized among ‘Top 15 Climate Tech Companies to Watch’ by the MIT Technology Review. We are a recipient of the Sustainable Market Initiative’s Terra Carta Seal. The COP28 UAE Presidency presented ReNew the ‘Energy Transition Changemaker’ award for developing and deploying the country’s first round-the-clock power project. ReNew’s solar and wind energy projects currently contribute to 1.9% of India’s power capacity and are spread across 150+ sites and 18 Indian states. We have helped prevent 0.5% of India’s total carbon emissions and 1.1% of India’s total power sector emissions, in addition to generating around 130,000 jobs over the past decade.

Job Description

Deputy Manager – Financial Modelling will be responsible for leading financial analysis and modeling for renewable energy projects, including solar, wind, hybrid, and Round-The-Clock (RTC) projects. The role requires expertise in financial modeling, investment analysis, bid strategy, and optimization of key financial parameters such as IRR (Internal Rate of Return). The candidate should also have a strong understanding of Battery Energy Storage Systems (BESS) and Firm & Dispatchable Renewable Energy (FDRE) structures.

Key Responsibilities:

- Develop and maintain detailed financial models for solar, wind, hybrid, RTC, and FDRE projects.  

- Conduct investment analysis, risk assessment, and scenario planning to support project development and financing decisions.  

- Optimize financial parameters, including IRR, NPV, and project returns, ensuring competitiveness and profitability.  

- Provide financial inputs for bid preparation and participation in tenders, ensuring competitive pricing strategies.  

- Collaborate with technical, regulatory, and business development teams to evaluate project feasibility and financial viability.  

- Analyze the impact of policy and regulatory changes on project economics and financial structures.  

- Develop sensitivity and risk analysis for projects, including variations in tariffs, capex, opex, and financing structures.  

- Maintain and update financial models based on market trends, cost variations, and evolving business strategies.  

Qualifications & Experience:  

- Strong understanding of renewable energy projects, including solar, wind, RTC, FDRE, and hybrid structures.  
- Experience in Battery Energy Storage Systems (BESS) financial modeling and integration.  
- Expertise in financial modeling, IRR optimization, and bid strategy development.  
- Strong analytical, problem-solving, and communication skills.  
- Familiarity with regulatory and policy frameworks governing renewable energy projects.  
- Experience in working with lenders, investors, and project finance transactions is an advantage.