ReNew Power - Head - Market Intelligence

About the organization :

ReNew Power Limited is India's largest renewable energy IPP (Independent Power Producer) with a capacity of over 10 GW of wind and solar power assets across the country. It develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.

ReNew has a strong track record of organic and inorganic growth having nearly doubled its operational capacity in each of the last three Fiscal Years. ReNew's broad base of equity investors include Goldman Sachs, JERA, ADIA, CPPIB, ADB (subsequently exited) and GEF SACEF India and have invested a total of over INR 66.9 billion in the company in various tranches over the years.

Job Purpose :

Support the market intelligence & planning vertical for power market trend forecasting, case specific intelligence, portfolio optimization strategy and provide various management reports using power modelling & data analytics. This will involve co-ordination with business & finance teams, regulatory teams, asset management and external stakeholders like consultants, etc.

Roles and Responsibilities :

- Understanding of the ongoing energy transition, energy economics & sector dynamics.

- Is Interested to build one of India's largest energy trading & market intelligence desk.

- Understanding of the various parameters impacting the power demand & supply mix.

- Experience on a wider supply side power-mix

- Good techno-commercial understanding of at least one source (i.e. coal, hydro, gas, etc.) other than renewables (solar, wind, ESS)

- Broad understanding of market operations i.e. how electricity is traded, scheduled, and settled in the system.

- Broad understanding of power sector regulations, working of LDCs, wholesale market structure, retail electricity market, and some of the upcoming power sector reforms.

- Understanding on how Utilities, Gencos function and take operating decisions on a day-to-day basis across the various contracts and wholesale markets.

- Support M&A transactions, new investments with market related strategy & assumptions.

- Management reporting on market related developments

- Should have an analytical bent of mind and should be self-driven. Experience in any tool on power modelling & big data analytics will be a HUGE advantage.

Profile & Eligible Criteria :

- He/ She will be a B.E/B.tech. + MBA with up to 9 years of experience.

- Should have at least 4-5 years in the power sector across consulting (ICF, IHS, KPMG, Deloitte, etc.) or IPPs or Thinktanks with deep interest in the ongoing energy transition and electricity market reforms.