Create a Job Alert.

Enter your email below to save this search and receive job recommendations for similar positions.
Thank you. We'll send jobs matching these to
You already suscribed to this job alert.
GB
0 suggestions are available, use up and down arrow to navigate them
US

Environmental Products and Capacity Mgr (REC Manager) job in San Diego at EDF Renewables

Create Job Alert.

Get similar jobs sent to your email

List of Jobs

Apply to this job.
Think you're the perfect candidate?
Apply on company site
Environmental Products and Capacity Mgr (REC Manager) at EDF Renewables

Environmental Products and Capacity Mgr (REC Manager)

EDF Renewables San Diego, CA Full Time
Apply on company site
EDF Renewables North America, a subsidiary of EDF Renewables, is a leading North American independent power producer boasting over 30 years of experience across a broad spectrum of services. Our mission is to deliver renewable solutions to lead the transition to a sustainable energy future.

Scope of Position:

The Environmental Products and Capacity Manager will assist with strategy development, position management and trade execution for EDFR’s Renewable Energy Credit (“REC”), Capacity and Resource Adequacy portfolio. The position has primary responsibility for recommending forward and spot strategies for the sale of these products to the Risk Oversight Committee, ensuring compliance with approved transaction limits, negotiating all contract terms and ensuring delivery/performance obligations are satisfied.

 

Responsibilities:

 

40% - Position Management and Contract Execution

  • Supports position management related to EDFR’s portfolio of wind, solar and battery assets with merchant (uncontracted) REC and Capacity products
    • REC Markets: National and TX Green-e, PJM, MA SREC, NY Tier 1
    • Capacity Markets: PJM, MISO and CAISO resource adequacy
  • Recommends REC & Capacity sale strategies to the Risk Oversight Committee
  • Negotiates the economic, credit and legal terms associated with all bilateral REC & Capacity transactions, while managing the end-to-end contracting process with counterparties
  • Maintains regular communication with brokers and bilateral counterparties to determine current OTC market REC quotes
  • Ensures compliance with internal and external transaction approval limits
  • Reports on net positions in bi-weekly Risk Oversight Committee meetings
  • Initiates REC transfers and deliveries while optimizing project cash flows and minimizing budget variance

30% - Market Monitoring & Forward Price Curve Maintenance

  • Support Valuation and Analytics pricing team with updated forward price curves for RECs, RA and Capacity, blending short-term market quotes with long-term fundamental curves
  • Participate in bi-weekly Risk Oversight Committee meetings as well as external investor meetings with REC & Capacity market updates and position information
  • Monitors forward market prices and actively responds to changes in market prices related to the risk management of the REC & Capacity portfolio

20% - Market Modelling and Fundamental Analysis

  • Update and improve fundamental supply/demand models for REC markets
  • Support Asset Management team in budgeting annual REC cash flows
  • Develop benchmark sales strategies for portfolio performance monitoring

10% - Maintain and Expand Trusted Counterparty Relationships

  • Develop and expand direct relationships with counterparties and brokers for RECs and RA products

Qualifications:

  • Bachelor’s degree in business, economics, statistics, mathematics or related field.
  • 3+ years of commercial experience in renewable energy credit procurement, trading, or brokerage, structured power transactions, capacity procurements, or related energy markets
  • Knowledge of wholesale electricity, Renewable Energy Credit, Resource Adequacy and Capacity markets.
  • Proficient with Microsoft Office products, especially Excel and PowerPoint

Working Conditions:

80% of time is spent in the office environment, utilizing computers and other office equipment. Frequent use of phones, general office equipment, and various software programs, including but not limited to, Microsoft Office Suite, is required. Some travel will be required, and the employee should expect on occasion to attend conferences relevant to the job. 

  
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

NOTICE TO ALL APPLICANTS: In alignment with our core values and placing safety first, EDF Renewables will implement a mandatory COVID-19 vaccination policy for all US hires. Proof of full vaccination will be required to accept an offer with a hire date on or after January 3, 2022.

 
Notice to Staffing Agencies: EDF Renewables and its subsidiaries ('EDF-R') will not accept unsolicited resumes/CVs from any source other than directly from a candidate. Any unsolicited resumes sent to EDF-R, including unsolicited resumes sent to a EDF-R mailing address, fax machine or email address, directly to EDF-R employees outside of EDF-R’s Recruiting department, or to EDF-R’s resume database will be considered as submitted directly by a candidate and therefore EDF-R will NOT pay any fee for any placement resulting from the receipt of such unsolicited resume. EDF-R will consider any candidate for whom an Agency has submitted an unsolicited resume to have been referred by the Agency free of any charges or fees. Agencies must obtain advance written approval from EDF-R’s Recruiting department to submit resumes, and then only in conjunction with a valid fully executed contract for service. EDF-R will not pay a fee to any Agency that does not have such agreement in place. Agency agreements will only be valid if in writing and signed by EDF-R’s Vice President - Human Resources or his/ her designee. No other EDF-R employee is authorized to bind EDF-R to any agreement regarding the placement of candidates by Agencies.”
 

Recommended Skills

  • Asset Management
  • Microsoft Office
  • Wholesaling
  • Human Resources
  • Management
  • Recruitment
Apply to this job.
Think you're the perfect candidate?
Apply on company site

Job ID: 1301