Director, Asset Management

Within Pine Gate Renewables, the operational asset team is accountable for delivering the optimal results from each asset currently operating. Pine Gate Renewables’ 100 operating assets have a 2 GW capacity and are across 36 states. This team is critical to ensuring profitable, sustainable assets for the company. The Director, Asset Management will be responsible for overseeing the management of our solar and storage assets, ensuring optimal profitability of these assets. In this role, you will use your extensive knowledge and expertise in both utility scale and distributed generation solar assets to lead and support a team of asset managers. Together with performance optimization and operations teams, you will play a pivotal role in the profitability of our business nationwide driving strategic initiatives to maximize the value of our renewable energy portfolio.

What You’ll Do

Leadership and Team Management

• Manage and provide leadership to a team of solar and storage asset managers and analysts, providing direction and support in daily activities.
• Foster a collaborative and high performing work environment focused on increasing profitability and maximizing returns.
• Create and nurture mindsets of accountability, solution focus, profit enhancement, and an external focus.
• Provide guidance, mentorship, and professional development opportunities to team members.

Asset Management

• Manage and provide leadership to a team of solar and storage asset managers and analysts, providing direction and support in daily activities.
• Accountable for the P&L of all managed assets in operations phase.
• Develop and implement asset management plans, ensuring alignment with company goals and objectives.
• Monitor and analyze key performance indicators (KPIs) and financial metrics to assess the performance of assets, identify opportunities for increasing profitability, and implement strategies to achieve financial targets.
• Make decisions involving site level operations, commercial hedging and risk management, regulatory, governmental, property tax implications, finance, and project debt considerations.
• Represent the company’s interest at the project level to assure maximum profitability and return on investment including participation in the budget processes, ensuring alignment with financial goals and objectives.
• Develop and implement effective risk management strategies to mitigate operational, financial, and regulatory risks associated with asset management.
• Stay up to date with market trends, ISO market rules, regulations, and pricing mechanisms. Identify market opportunities, devise market entry strategies, and optimize revenue generation while effectively managing market risk including DART, basis, and congestion.
• Manage warranty and insurance claims including gathering data and working with other departments to resolve and close.
• Collaborating with the Performance Excellence team, manage fleet performance analysis and seek improvement opportunities and drive continuous improvement across the organization.

Contract Compliance and Reporting

• Manage power purchase agreements (PPAs) and other contractual agreements, ensuring compliance with partner, investor, and lender obligations, optimizing revenue generation, and identifying potential risks or opportunities.
• Prepare and provide regular reports and presentations for partner, investor, and lender compliance, offering transparency on asset performance, financial metrics, and compliance with regulatory requirements.
• Ensure department reporting is up to date, adhering to both internal and external standards.

Cross-Functional Collaboration

• Collaborate closely with development, operations, finance, performance engineering, legal, and others to optimize asset performance, mitigate risks, and maximize returns.
• Work with operations and performance engineers to find solutions for challenges that could reduce performance of the assets.
• Participate in handover sessions with construction delivery, finance transactional, and operations teams to ensure proper management of asset transition between teams.
• Collaborate with regulatory and compliance teams to ensure adherence to relevant laws, regulations, and permit requirements.

Stakeholder Management

• Build and maintain strong relationships with internal and external stakeholders including O&M providers, PPA counterparties, utilities, regulatory agencies, landowners and communities.
• Build on the reputation of Pine Gate Renewables as a strong leader in owning and operating solar and storage assets through your network and active industry participation.

Must-Haves

• A minimum of 8 years of experience in asset management within the solar industry, including utility-scale and distributed generation projects.
• Proven leadership experience, including managing individuals who oversee their own teams, with ability to lead, motivate, and mentor staff effectively.
• Extensive experience working with ISOs, particularly PJM, and a deep understanding of market trends, rules, regulations, and pricing mechanisms.
• Strong knowledge of and experience managing contracts including various types of PPAs, service agreements, and landowner leases.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with diverse stakeholders at all levels in the organization.
• Strong organizational skills and the ability to prioritize and manage multiple projects simultaneously.
• A self-starter with a proactive mindset and the ability to work independently and thrive in a fast-paced, dynamic environment.
• Customer focused with experience using critical reasoning and judgement to make good decisions in a fast-paced environment.

Education and Certifications

• Bachelor’s degree in engineering, finance, business administration, or a related field.