About Altus Power
Altus Power, based in Stamford, Connecticut, is the premier independent commercial-scale provider of, serving its commercial, public sector and community solar customers with end-to-end solutions. Altus Power originates, develops, owns and operates locally sited solar generation, energy storage and charging infrastructure across the nation. Altus Power has approximately 700 megawatts across 25 states and is growing.
Since the Company’s formation in 2009, Altus has established itself as a leader in building-sited clean energy across the United States. The Company completed its go-public transaction in December 2021 and is traded on the NYSE under the ticker AMPS. The Company has a strategic partnership with CBRE, which is the world’s largest commercial real estate services company with 7 billion square feet of commercial real estate under management and is serving more than 90 Fortune 100 corporations. Altus also has a long-standing strategic partnership with Blackstone, which is the largest owner of commercial real estate globally, with approximately 1.2 billion square feet of commercial real estate globally.
About the Position
Altus Power is currently seeking highly motivated summer interns to work with our Origination, Finance and Deal Structuring team.
Responsibilities:
| · Identifying solar, battery energy storage system (“BESS”) and EV charging investment opportunities |
| · Learn about the various US solar and BESS markets, regulatory environment, and other investment incentives. |
| · Study the technical aspects of solar, BESS and EV charging assets |
| · Understand risk versus return profile of solar and BESS assets as compared to other investment alternatives. |
| · Develop understanding of drivers behind project cash flows and how each respective assumption effects investment return |
| · Financial modeling of solar, BESS and EV charging investment opportunities |
| · Learn about both development and operating acquisition investment opportunities |
| · Due diligence/project closing support for senior staff |
| · Manage project checklist and conduct due diligence on investment opportunities |
| · Gain an understanding of various core documents such as Power Purchase Agreements, Leases, EPC Agreements and Letter of Intents. |
| · Learn about SREC/REC markets and the drivers behind the supply/demand dynamics |
| · Develop a high-level understanding of tax equity partnerships and assist staff members in tax equity closing process. |
| · Conduct utility bill analysis to understand prospective counterparties avoidable charge per kWh that solar and/or BESS can offset |
| · Learn about various asset management functions (invoicing, customer relations, financial reporting, cash distribution waterfall, etc.) |
| · Assist with production monitoring to ensure solar assets are performing in-line with baseline projections. |
| · Support the investment team by putting together marketing materials and presentations |
| · Respond to RFPs |
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· Interact with the engineering team to learn about equipment procurement and pricing |
| · Engage in interconnection studies and getting projects through utility interconnections queues |
| · Complete long-term research projects as necessary |
| · Improve communication skills – in-person, telephone, and email |
| · Support senior staff members with all tasks |
Requirements:
- Highly motivated individual
- Understanding of financial modeling
- Attention to detail
- Organized professional with strong integrity
- Strong communicator and a team player