Deputy Manager- Carbon Business

About Company

Founded in 2011, ReNew, is one of the largest renewable energy companies globally, with a leadership position in India. Listed on Nasdaq under the ticker RNW, ReNew develops, builds, owns, and operates utility-scale wind energy projects, utility-scale solar energy projects, utility-scale firm power projects, and distributed solar energy projects. In addition to being a major independent power producer in India, ReNew is evolving to become an end-to-end decarbonization partner providing solutions in a just and inclusive manner in the areas of clean energy, green hydrogen, value-added energy offerings through digitalisation, storage, and carbon markets that increasingly are integral to addressing climate change. With a total capacity of more than 13.4 GW (including projects in pipeline), ReNew’s solar and wind energy projects are spread across 150+ sites, with a presence spanning 18 states in India, contributing to 1.9 % of India’s power capacity. Consequently, this has helped to avoid 0.5% of India’s total carbon emissions and 1.1% India’s total power sector emissions. In the over 10 years of its operation, ReNew has generated almost 1.3 lakh jobs, directly and indirectly. ReNew has achieved market leadership in the Indian renewable energy industry against the backdrop of the Government of India’s policies to promote growth of this sector. ReNew’s current group of stockholders contains several marquee investors including CPP Investments, Abu Dhabi Investment Authority, Goldman Sachs, GEF SACEF and JERA. Its mission is to play a pivotal role in meeting India’s growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew stands committed to providing clean, safe, affordable, and sustainable energy for all and has been at the forefront of leading climate action in India.

Job Description

The Carbon Credit Originator will be responsible for identifying, developing, and managing carbon offset/avoidance projects. This role will involve working closely with intern and external teams like project developers, verification bodies, project execution partners and regulatory agencies to ensure that projects meet compliance standards. The ideal candidate will have a strong background in environmental science, project management, financial modelling and carbon markets, with a passion for sustainability and climate change mitigation.

1. Project Identification and Development:

Identify potential carbon offset projects in various sectors such as clean cooking, forestry and agriculture.

Conduct feasibility studies, due diligence, prepare financial model on potential projects to assess their viability and compliance with carbon market standards.

2. Project Management:

Work closely with internal & external stakeholders to ensure project milestones as per set timelines, and budgets.

3. Compliance and Verification:

Ensure projects comply with relevant carbon standards (e.g., Verified Carbon Standard, Gold Standard, etc.).

Coordinate with carbon development team and third-party verification and validation of carbon offset projects.

4. Market Analysis and Strategy:

Monitor and analyse carbon market trends and regulatory developments. Develop/design new projects to optimize the financial and environmental performance of carbon offset projects.

5. Stakeholder Engagement:

Build and maintain relationships with key stakeholders including project developers, investors, regulatory bodies, and community groups. Represent the company at industry conferences, workshops, and other events.