Intern, Capital Markets

Clearway Energy • San Francisco, CA

14h • $22 - $26 • Hybrid

About The Position

The Capital Markets Intern will be part of Clearway’s Capital Markets Team and will report to the Senior Manager, Capital Markets. The Capital Markets Team is responsible for project finance, valuation, analysis, process improvement , and data systems in the Battery Storage, Utility Solar, and Utility Wind space. In particular, the team is responsib le for the analysis, structuring , and execution of non-recourse construction debt, term debt, tax equity , and cash equity (project sale) transactions for renewable energy projects in the U nited States . This position is part of the 10-week Summer Internship Program at Clearway Energy Group beginning on June 1, 2026. We are looking for current juniors (i.e. expected graduation in Spring 2027) pursuing a bachelor’s degree in Engineering, Math, STEM, Finance, Business, Economics, or related field. Throughout this summer internship program, you’ll get exposure to real projects and challenges while gaining first-hand professional experience. At Clearway, you’ll gain access to an innovative and fast-paced work environment. You’ll also participate in networking and learning events with your fellow intern cohort. If you don’t meet 100% of the qualifications but see yourself contributing, please submit your resume. This is a hybrid role that will be based in the San Francisco office. Our hybrid policy is that e mployees are in-office on Tuesdays & Thursdays. Program Timeline: (subject to change) Applications Close: January 30 Interviews: February - March Final Decision: March 31 Program Dates: June 1 – August 7 Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, J-1 etc.) or provide any assistance in support of any other form of immigration sponsorship or benefit including OPT or CPT.

Requirements

• Advanced Excel skills and understanding of key financial concepts such as financial statements, accrual vs. cash accounting, discounted cash flow analysis, time value of money, internal rate of return, and net present value.
• Ability to work well in a collaborative environment that emphasizes attention to detail, meeting deadlines, and working together to achieve company-wide objectives.
• Intellectual curiosity and a demonstrated interest in renewable energy, including recent industry updates and market dynamics. You’re here because you believe in and want to help create a clean energy future.
• Strong interpersonal skills. You’re willing to ask lots of questions, listen to your colleagues, and contribute your ideas.
• Self-motivated, dependable, and accountable. This means showing up, being present, and being eager to dive into the workday. If you ever feel like you’ve completed all your tasks and have time to spare, you’re eager to speak up and ask what else you can do.
• Ability to work independently, multitask, and take ownership of projects and assignments. You’re comfortable taking initiative, asking questions, and speaking up.
• Eager attitude towards learning about the role that the Capital Markets Team plays within Clearway and the renewable energy project finance industry.

Nice To Haves

• Project Finance modeling experience (i.e., discounted cash-flow analysis with multiple investors).
• Experience working in the power or infrastructure industry (or demonstrated strong interest).
• Background with VBA and an interest in sharpening those skills through working on real-world projects.

Responsibilities

• Model Optimization & Process Improvements Refine Excel-based project finance model templates that serve our project origination, development, construction, financing, and asset management business.
• Develop and improve the data automation connecting the project finance models and financial data systems that enable efficient use of the model at scale (for many projects), including the exploration of AI-based improvements.
• Help architect and implement the analytical and data infrastructure that enables structured project finance analysis to be leveraged across the organization in project financings, internal tracking/reporting, external tracking/reporting, budgeting, etc.
• Process, analyze, and present findings to Capital Market Team on recent market trends, federal regulations, and key industry news that involve renewable energy financing transactions.
• Financial Modeling & Management Implement the terms of the tax equity, construction debt, term debt, cash equity, etc. financing in the project finance model templates.
• Communicate to internal stakeholders our underwriting standards and implement those standards in the project finance model templates.
• Support running financing processes to find and secure sources of capital that are the best fit for the company’s goals.
• Support presentations and reports on transaction status, risks, and benefits to the Leadership Team.
• The Capital Markets Intern will be assigned to an individual project and will present results to the team and leadership at the end of the internship.

Benefits

• generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships

What This Job Offers

• Career Level: Intern
• Number of Employees: 501-1,000 employees