Deputy Manager - Financial Modelling

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

Key Responsibilities:

1. Financial Oversight & IRR Management

• Build and maintain financial models for operational projects to assess revenue, cost variations, and project-level profitability.
• Evaluate scenarios related to PPA expiry, re-structured project design or offtakes, and energy sale options
• Assess impact of commercial decisions (e.g., tariff changes, penalties, DSM, auxiliary consumption) on project IRRs, NPV, and cash flows
• Identify financial risks associated with operational projects

2. Project Actualisation & Benchmarking

• Compare actual project performance against pre-construction estimates to identify deviations in generation, costs, and revenues.
• Conduct degradation analysis and correlate financial impact with operational realities (e.g. grid outages, plant availability).
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3. Support Strategic Commercial Initiatives

• Work on repowering and capacity augmentation assessments, including land cost analysis, revised CUF assumptions, technology integration impact, and cost-benefit calculations.
• Contribute to business cases for exploring RTC/ Peak/ FDRE opportunities under flexible PPAs.

4. Continuous Improvement & Innovation

• Support initiatives aimed at improving plant-level commercial performance and efficiency.
• Stay updated with industry trends and regulatory changes that can impact operational projects.
• Support decision-making by evaluating new projects or technologies through comprehensive financial analysis and modelling.

Key Skills and Competencies:

• Strong analytical and problem-solving skills
• Financial modelling of clean energy projects
• Proficiency in Excel, PowerPoint, and data analysis tools
• Cross-functional coordination skills (legal, regulatory, technical, finance)

Qualifications:

• CA or equivalent, MBA/ PGDM in Finance

Experience:

• 3–6 years of experience in power sector commercial roles, preferably in renewables