Elgin Values
Core behavioural responsibilities for all employees: | Agility | We Lead with Agility |
| Integrity | We Act with Integrity |
| Excellence | We Empower Excellence |
Integration of our three core values into our employment processes and frameworks allows Elgin to recognise and respect individual employees for their personal contributions to their roles, their colleagues, stakeholders, and ultimately to the renewable energy sector. Our values are paramount to the culture we seek to create.
Job Description
We are looking for a Head of Transactions to lead the transactions team and play a central role in driving the overall commercial strategy of the business. The successful candidate will report directly to the Chief Operations Officer (COO) and work closely across the cross-functional teams which include development, finance, operations, legal and other business units, to align project initiatives with organisational goals and to support the growth of the company as it becomes an Independent Power Producer (IPP). This is a great opportunity for a candidate with a strong background in large-scale renewable energy, infrastructure or similar deals to join a team with a large existing development solar+storage pipeline and to play a key role in delivering business commercial success and continued sustainable growth.
What you will do:
- Lead and mentor a high-performing transactions team, ensuring a strategic, collaborative and strong-performance work environment
- Responsibility for optimising the current and future pipeline in terms of asset divestments / investments, joint ventures, partnership opportunities, project financing and to manage ongoing relationships with existing stakeholders
- Play a central role in preparing, managing and executing transactions
- Lead and oversee the due diligence process for each transaction
- Responsibility for executing comprehensive transaction documentation, including marketing materials, deal structuring, term sheets, agreements and contracts
- Lead a multi-functional deal team across technical, legal and finance to deliver commercial success for each asset/portfolio
- Conduct thorough due diligence on potential transactions, including financial analysis, risk assessment, market research and asset valuation to inform robust decision-making
- Identify and mitigate potential transaction risks, while proposing creative solutions and strategies to senior management to overcome transaction challenges
- Work closely with the internal financial modelling team to develop and maintain financial models, forecasts and analyses to support transaction evaluations and negotiations
- Collaborate closely across all internal functions including finance, legal, technical, operations, development, construction, asset management and energy trading to ensure transactions adhere to legal and regulatory requirements while aligning with the company’s strategic objectives
- Provide regular updates to senior management regarding transaction progress, risks and opportunities
- Manage relationships with external stakeholders, including advisors, financial institutions & investors
About us
Elgin Energy is a full-service, utility scale, solar+storage platform bringing projects from origination through to energisation. Elgin is active across the project lifecycle from project origination through to construction management and operational asset management. The company has over 12GW of solar and storage projects across our three key markets of the UK, Australia, and Ireland.
As of 2022, Elgin Energy agreed to sell the UK’s largest solar PV transaction to date consisting of a portfolio of 12 projects with a combined capacity of 519MW of projects including 70MW of collocated energy storage capacity to Scottish Power Renewables (UK) Limited, a wholly-owned subsidiary of global utility Iberdrola Group.
In 2021, Elgin Energy secured financing with Berenberg Green Energy Fund for the development of solar PV projects totalling 1.36GW in the UK and Ireland and also raised £25 million via Focus Capital Partners to fund its growth strategy across its core markets. In 2020, the company partnered, in separate transactions, with both Foresight Group and Metka-EGN in relation to two portfolios to deliver a total of 276MW of UK solar development projects and was successful with two Irish solar projects in Ireland’s first solar auction, RESS-1 – Renewable Energy Support Scheme (RESS). In addition to the above, Elgin Energy delivered 21 solar projects, totalling 230MW, before the UK Government’s Renewables Obligation (ROCs) scheme ended in 2017.
Elgin Energy works with long-term strategic partners to deliver projects to the energization and provides asset management services through their operational life. The company has expanded internationally over the last 14 years with a professional team of engineers, accountants, and lawyers located in its London, Dublin, and Sydney offices. Elgin has a 98% success rate through planning across all its markets.
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