Project Finance Associate, Recurrent Energy
Project development platform for solar & energy storage
Be an early applicant
Project development platform for solar & energy storage
501-1000 employees
Be an early applicant
501-1000 employees
Company mission
To deliver clean, reliable and affordable power to the world, today and tomorrow.
Role
Who you are
- 3- 5 years of relevant experience required
- Bachelor’s Degree or equivalent work experience
- Long-term career interest in renewable project finance capital raising and investing
- Must have strong financial modeling and analytical skills
- Strong verbal communication skills while prone to collaboration
- Expertise in modeling and structuring tax equity
- Solid understanding of project finance and economic concepts
- Expert understanding of power and financing markets
- Highly proficient in MS Excel, MS Word, and MS PowerPoint
- Solution and goal oriented
- Growth mindset
- Resourceful and comfortable working in an unstructured, entrepreneurial environment; this is a transaction-based environment where requirements and deadlines are dictated by deal flow
- Strong quantitative aptitude with an extremely high level of attention to detail
- Interested in working in a fast-growing industry that is making a tangible impact on climate change
- Ability to translate complex quantitative analysis into written, deliverable insights
- Highly driven, proactive, and hardworking
- Self-starter that takes pride in optimizing financial models and overall work products
- Travel required, 0-25%
What the job involves
- Reports To: Managing Director, Head of Project Finance
- We are seeking a Associate to join the Project Finance team at Recurrent Energy, a subsidiary of Canadian Solar
- This team member will be responsible for supporting/managing debt and tax equity capital raising for Recurrent Energy’s solar and battery storage projects as well as providing sophisticated financial modeling to identify creative solutions to profitability objectives
- This role is highly visible within the organization and requires cross functional collaboration with many different internal and external groups
- We are looking for someone with intellectual curiosity, high motivation, and excellent communication and process management skills that is pursuing a long-term career in project finance
- Provide leadership of financial modeling and profitability analysis:
- Take responsibility over content and output of the project financing model. Provide guidance and quality control to future analysts regarding inputs, structure, etc. and confirm that the model adequately and accurately reflects the underlying transaction, current market conditions, optimized commercial results, and best practices
- Build bespoke structured financing models that accurately reflect terms of various financing vehicles and markets that are not otherwise captured in existing tools
- Demonstrate a strong understanding of the causal relationships between inputs and outputs of a model and identify multi-dimensional layers of improvement to overall profitability of projects
- Model profitability of projects under various financing structures (tax equity and debt) and help make corresponding project capital structure recommendations
- Provide leadership and coaching to future analysts in the team
- Independently manage third party financial models and consultant reports, and assist in negotiating transaction documents in a manner that is consistent with the overall project objective and strategy of the financing
- Collaborate with Business Analytics team to ensure that development-stage project models adequately reflect debt and tax equity market terms and structures
- Support deal leads for project financing transactions:
- Assist with preparation of marketing materials, ensuring the presentation materials are accurate, clean, and reflect the overall message and intention of the transaction
- Review and assist with negotiating term sheets and definitive documentation
- Coordinate with third party financing providers on due diligence and documentation
- Maintain responsibility for financial deal models for debt and tax equity transactions while working closely with external counterparties and internal teams
- Create proposals, information memoranda, presentations, project schedules and internal presentations
- Assist with gathering and presenting information for financial partners performing due diligence on Recurrent Energy’s projects
- Review of key contracts, term sheets, or other documents for impact on profitability, financial modeling, and overall financeability
- Facilitate flow of information between finance, development, power marketing, legal and engineering teams during transaction execution
- Manage deadlines and maintain accountability from cross-functional deal teams; lead peers across the organization with confidence and dedication
- Reporting relationships and interactions:
- Reports to Managing Director, Head of Project Finance
- Interact and develop relationships with working teams of tax equity investors, lenders, and third party market consultants
- Coordinate and collaborate with all internal stakeholders throughout the company that represent all stages of the projects’ lifecycle
Our take
Solar energy is a rapidly growing industry, and its use is expected to continue to increase in the coming years. Recurrent Energy is a leader in the solar energy space, delivering a platform for the development, ownership and operations of utility-scale solar and energy storage projects.
Recurrent Energy's offering covers the entire lifetime of a solar project, from development and originating to operations, maintenance and management. Founded in 2006, the company is now a subsidiary of Canadian Solar, which is one of the top 5 solar panel manufacturers in the world.
Recurrent Energy has also shown impressive growth, having completed projects encompassing 9 GWp of solar energy and 3 GWh of battery storage. Another win for the company came in 2025 when it secured some serious funding, which will allow it to grow its portfolio and expand further into the US and Europe.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Jan 2024
$514.6m
CONVERTIBLE
Jul 2008
$75m
SERIES B
Total funding: $599.6m
Company HQ
Congress Avenue Historic District, Austin, TX
Leadership
Dylan Marx
(CEO)Dylan joined Recurrent Energy in 2023 as a President, moving into the role of CEO in 2026. Previously, they spent over 10 years at Canadian Solar in various roles including VP of EPC & O&M and COO. They also spent 3 years at BlackBerry as a Manager and Director.
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