Team Member- Project Finance Monitoring_DM

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

• Project Assessment

• Review of financial models for various projects to deliver cash flow forecast, scenario analysis, risk assessment and return analysis.
• Undertake and manage the necessary due diligence and financial modeling, in the structuring of loans, equity investments, guarantees, B-loans or other forms of financial assistance.
• Work closely with the project development team to identify, analyze and execute the most optimum financing solution for projects.

 

• Processing

• Negotiating and finalizing crucial commercial & legal terms of lending with potential lenders.
• Coordinating with  Banks for Project appraisal and for  Syndication of debt.

• Negotiating & finalizing term sheets with investors;  coordinating the due diligence process 

• Support and lead the internal approvals process including interface with credit, safeguards, compliance, legal and other teams as well as management and the Board.

 

• Fund Raising

• Oversee financing strategies and minimize financial costs including cost of borrowings.
• Engage with the banking partners / financial institutions for raising new funds and optimizing the use of existing facilities.
• Lead potential refinancing and re-structuring efforts for existing facilities.
• Arranging working capital (fund base and non- fund base)

 

• Financial Closure

• Leading Financial Closure of various Projects by raising Debt/ Project Finance (Bridge Loans, Term Loans, Structured Debt & External Commercial Borrowings (ECBs) etc.) from domestic / Foreign Banks & Financial Institutions.
• Responsible for creating security, compliances of terms and conditions including CPs etc.
• Managing drawdown on timely manner
• Debt servicing – timely payment of interest and instalments etc

 

• MIS

• Timely TRM entries for Debt servicing
• Ensure timelines, accuracy, and usefulness of financial and management reporting
• Overseeing generation of relevant information, reports and analysis.

 

• Ratings

• Getting ratings of various projects
• Managing relations with rating agencies