Commercial Asset Management Associate - #2177125

Renewable energy is Scotland's main source of electricity and Ocean Winds is playing a leading role in tackling climate change. Whether you have already started your journey in the green energy industry or have aspirations to move into the sector, Ocean Winds have an opportunity for an experienced Commercial Asset Management Associate to help manage its expanding offshore windfarm portfolio in Scotland. Specifically, the operational 950MW Moray East Offshore Windfarm and the under-construction 860MW Moray West Offshore Windfarm.

Reporting to the Commercial Asset Manager, the main responsibilities of the role include:

• Management of offtake agreements including PPAs and CFDs.
• Origination and bid management for ancillary revenue streams.
• Preparation of project processes for commercial and trading.
• Supporting the Asset Director in developing and delivering budgets and business plans.
• Working with the Operations and Construction teams to deliver asset value.
• Wider Commercial Asset Management support of Ocean Winds UK development pipeline.

Core Main Accountabilities:

• Ensure that all necessary registrations, accreditations and authorisations are in place in order to allow the assets to generate, in compliance with relevant law and regulation.
• Support in developing and delivering project business plans covering aspects including commercial strategy, budgets and asset performance.
• Manage a commercial and trading strategy for the assets, covering aspects including compliance with offtake agreements, participation in balancing mechanism and ancillary service markets with a view to ensuring revenue is optimised.
• Develop and implement commercial asset management governance through quality systems and processes.
• Working with the O&M function, ensure that all data flows and forecasts from the asset that are necessary to support commercial operations are established and maintained.
• Ensure the settlement process is clearly understood by stakeholders and executed correctly in management systems.
• Ensure commercial risk actions are managed, tracked and closed on a timely basis.
• Undertake regular reporting to project stakeholders.
• Provide the input data for commercially related key performance indicators and reporting metrics.
• Create effective external working relationships with key stakeholders involved in the provision of the PPA’s, Investment Contracts, CFDs, and any other related commercial contracts.

Required Academic and Professional Experience:

• A minimum of 5 years’ experience in at least one of the following areas is required:
• Asset management in a large infrastructure sector
• O&M for offshore wind farms
• Trading/origination in the power sector
• Business development / bid management for the renewable industry
• Educated to degree level, preferably in STEM subject.
• Professional accreditation is favourable.

Required Knowledge:

Demonstrable knowledge in the following areas is required:

• The UK electricity market including energy trading for renewable assets and regulation for transmission-connected generation.
• The UK CfD regime and Corporate PPA market.

Knowledge of the following areas is desirable:

• Project finance environments.
• Joint venture environments / governance.

Required Skills/Competencies:

• Ability to manage large data sets and present information in a clear and professional manner with an attention to detail.
• An understanding of commercial activities and processes with a proactive approach to value creation, and risk mitigation.
• Track record in establishment and implementation of business management systems and processes.
• A demonstrable ability to communicate across all levels of the business and to build effective external relationships.
• Able to create, capture, preserve, share, communicate and apply knowledge so it can be effectively reused to strengthen individual decision making, improve team effectiveness and enhance business performance

Languages:

The business has an international team of employees and the working language is English. Candidates need to be fluent in English both spoken and written. Proficiency in other languages will be valued.

Location:

Location in Edinburgh with part of the week home-working arrangements and travel to operational sites and other stakeholders’ offices required from time to time.