Vice President, Power Plant Division

New Leaf Energy, Inc. • Troy, NY

85d • $206,480 - $269,120

About The Position

New Leaf Energy is an experienced clean energy developer that partners with landowners, policymakers, and other stakeholders to accelerate the transition to a world powered by renewable energy. We identify high-value sites, work with landowners and local communities to develop them, and partner with long-term asset owners to bring the most impactful clean energy projects to life. New Leaf Energy (NLE) is a national leader in clean energy project development, with a long and successful history first as Borrego Energy’s project development division and then as a stand-alone company. In 2019, Borrego formally separated its Development (“DevCo”) and EPC functions, believing that its industry-leading development platform worked best under a pure-play, develop-and-sell model. ECP bought the business unit in 2022 and founded New Leaf Energy. Since then, NLE has continued to operate under a model in which it sells the projects it develops prior to construction notice to proceed, but for reasons we look forward to discussing with you, we believe now is the time to complement that core model – which will remain the core model – with the ability to build and own some of the projects we develop. Accordingly, New Leaf Energy seeks a Vice President with P&L responsibility for its new IPP division, reporting to the CEO. The VP will lead a small team of NLE employees who will work exclusively in the IPP division, and will also draw on resources of the broader company so that projects can be financed, constructed, and operated. We have begun forming the IPP and will still be in the early stages when you join the company. In launching this business, we have quickly developed a saying: the IPP is there to serve the DevCo but not to subsidize the DevCo. We want you to build and run an IPP within a developer; success in this role means serving and strengthening the core business, while running a division that is profitable in its own right.

Requirements

• A minimum of 10 years of progressive experience in renewable energy development, EPC, project finance, and/or operations.
• Experience scaling organizations or building new functions within a growth-stage company.
• Prior P&L responsibility for a business or business unit.
• Project design and construction subject matter expertise derived from direct experience.
• Familiarity with power purchase agreements, contract negotiations, and power plant offtake strategies.
• Superb stakeholder management and relationship-building skills.
• Experience working with a wide range of stakeholders, including investors, lenders, and utilities.
• Ability to evaluate project economics and perform or oversee financial modeling.
• Entrepreneurial mindset with ability to thrive in a dynamic environment.
• A track record of strong people management including mentoring and developing talent.
• Exceptional verbal, written, and interpersonal communication skills.
• Strong project management discipline.
• Passion for renewables and decarbonization.
• Maximum integrity and accountability.

Responsibilities

• Be accountable to the executive team and the board for profitable and efficient functioning of NLE’s IPP. Own the P&L.
• Take responsibility for completing the remaining work to stand up the IPP.
• Manage 6-8 employees who work within the IPP. The team may grow, but staying small and efficient is an objective.
• Find the appropriate balance of internal and external resources to perform IPP functions, and form and build relationships with external providers of outsourced services.
• Collaborate with other NLE leaders and employees to ensure smooth cross-functional relationships.
• Defend the IPP against adverse selection, ensuring it is paid fairly for its services.
• Collaborate with other IPP employees and the CEO to raise capital to finance projects.
• Ensure that the IPP is overseeing high-quality, on-budget, on-time construction projects.
• Develop the IPP’s asset management strategy for projects that reach commercial operation.
• Sell IPP assets at attractive prices to recycle capital.

Benefits

• Competitive salaries and comprehensive benefits, including medical, dental and vision.
• A 401k plan with immediate vesting and a company match.
• An open and self-managed paid time-off policy.
• A hybrid work location policy that supports working from home for part of the week.
• A parental leave policy for both birthing and non-birthing parents, available immediately upon hire.
• Professional development and education assistance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 101-250 employees