Investment Associate

About Low Carbon

Low Carbon creates large-scale renewable energy to fight climate change. We’re building a renewable energy company that will protect the planet for future generations.

This defining purpose drives us to deliver for our communities, investors, and the environment.

We are a long-standing certified B-Corporation and recognised as gold standard for our environmental impact. We develop, build, and operate utility-scale solar, onshore wind, and battery storage projects across the UK and Europe, supporting the world’s move to an energy system powered by renewables.

To date, Low Carbon has developed more than 8 GW of renewable energy projects and has 1 GW of capacity either in operation or under construction. We also have a current development pipeline of 16 GW.

CVC DIF, the infrastructure arm of leading global private markets manager CVC, is the majority shareholder in Low Carbon. Working alongside MassMutual, CVC DIF will enable Low Carbon to significantly expand its installed capacity and drive the next stage of growth as a diversified, leading next-generation IPP.

The Investment Team

The Investment Team operates across all major onshore renewable and storage sectors, interacts with a broad spectrum of counterparties and invests in locations across the UK, Germany and Poland. The role of the Investment Team is to deploy development capital and build multi-technology development platforms and project pipelines. We lead all activities required to take assets through to financial close and into construction.

The Investment Team is unique in the market in that it covers all investment disciplines required to develop, acquire, commercialise and finance multi-technology assets from greenfield through to commercial operation. The team combines autonomy and accountability with a highly collaborative working culture. We have a governance process that ensures alignment, quality and approval while allowing progress to continue at pace.

The Role

We are looking for an Investment Associate with a passion for climate change and sustainability to become part of a great, supportive team in a setting with long term growth prospects. You’ll have the opportunity to work across a range of geographies and technologies and on an advanced pipeline of projects. You’ll work with experienced investment professionals who share a commitment to renewable energy, while bringing a range of perspectives and expertise. With continuous support and feedback, you will learn by doing and be able to contribute meaningfully early in the role.

The role will be primarily within the solar PV and BESS team, focusing on Germany and Poland. The role will involve regular travel to Berlin and Warsaw, expected to be approximately once a month, subject to business need and individual circumstances. The role will support not only the development of PV and BESS projects but also their progression to FID and into construction from an investment perspective.

Financial Modelling, Analysis and Valuations

• Develop, implement and update financial and valuation models with complex shareholder and third-party debt structures at the development, financial close, construction and operational stage of a project’s life cycle. Projects will be modelled across solar, wind and battery storage in a range of geographic markets
• Undertake analysis and interrogation of financial assumptions to enable investment decisions.
• Carry out discounted cash flow and multiples-based analysis and perform sensitivity and variance analysis on investments
• Develop and adjust structured finance third-party models on bids, investments and deals when required, compare and review with term sheets and other relevant transaction documentation
• Collaborate with colleagues in finance and project financing teams to create and align templates, processes, quality and best practice
• Take a significant interest in the power market, specifically renewable energy and energy storage and monitor and analyse trends in the industry

Development and Investment

• Involvement in day-to-day development activities, supporting the negotiation of land lease contracts, planning applications, grid connection applications, other pertinent documentation and any other supporting analysis required for site selection
• Assisting more senior members of the Investment team in the analysis and evaluation of new investment opportunities
• Supporting the research and analysis of new investments and the preparation of Investment Committee papers for those investments, new projects or other material investment decisions, using financial models to support the investment teams in decision making
• Support and continuously improve team processes, administration and operational activities to ensure the effective running of the Investment Team
• Coordinate and support Investment Committee and team meetings, including preparation of materials and presenting.
• Preparing and maintaining presentations for senior internal and external stakeholders, including with potential development partners or investors
• Managing the team systems covering new investment opportunities, investment approvals and contacts

Professional Skills & Experience Required

• Experience in discounted cash flow and valuation modelling, typically gained over 2-3 years in a relevant environment. Candidates will have the ability to build financial models from scratch, to suit a range of portfolios and funding structures
• Relevant work experience in renewables, infrastructure, energy, investment, banking, or strategy consultancy

We are looking for someone who can demonstrate many of the following strengths:

• Be an enthusiastic and committed team player who works well with business leaders, investors, potential investors, banks, third parties and across the finance community
• Demonstrate initiative, adaptability and a proactive approach to problem solving in a dynamic environment.
• Excellent problem-solving ability
• Be flexible in approach, showing initiative and interest to support ad-hoc tasks
• Be able to act in confidence, with discretion and tact
• A personal interest and understanding of the renewables and climate change coupled with a deep appreciation for investing

Our Compensation & Benefits

• 26 days holiday plus your birthday off (with option to buy a further 5 days)
• Discretionary Bonus
• Bupa Health Check & Private Healthcare for you and your family
• Contributory Pension
• Cycle scheme
• Season Ticket Loan
• Pluxee for commercial discounts and perks
• 3 additional days for volunteering to support causes of your choice

We’re committed to building an inclusive team and we welcome applicants from all backgrounds and experiences. If you don’t meet every requirement listed, but you believe you can succeed in this role, we encourage you to apply. We’re also happy to make reasonable adjustments throughout the recruitment process.