Director of Structured Finance & Tax Equity

The Director of Structured Finance & Tax Equity will work with Fervo’s Chief Financial Officer to build and implement Fervo’s strategy around project finance.

Decarbonizing the energy sector is an urgent challenge and geothermal energy can play a central role. We are expanding our team to help make this vision a reality. Fervo Energy has developed technology to make geothermal power scalable and cost-effective. Join us and work alongside world-class engineers, researchers, investors, and developers in making geothermal a key pillar of our climate-friendly energy future.

Description

The Director of Structured Finance & Tax Equity will work with Fervo’s Chief Financial Officer to build and implement Fervo’s strategy around project finance. Fervo currently has executed PPAs requiring the deployment of $400 million over the next several years and is seeking a proven project finance professional to lead the structuring, marketing, negotiation, and closing of all project capital raises. 

The successful candidate will have a demonstrated ability to creatively structure project level capital raises and to effectively educate decision makers on the considerations of a variety of approaches. This is a unique opportunity to build and implement a framework for project finance that will revolutionize the structure and marketability of geothermal power development across the country.

Responsibilities

  • Create, model, analyze, market, negotiate, and close innovative project finance structures that achieve the operational and commercial goals of the company
  • Prepare investor and financier materials related to project finance capital raises
  • Lead legal, tax, technical, and insurance advisors to prepare for and respond to diligence requests and deal negotiations 
  • Build a team capable of creating and driving innovative project finance structures 
  • Support the full lifecycle of project finance raises, including i) developing and maintaining relationships with banks, project equity investors, advisors, and other financiers; ii) drafting, maintaining, and negotiating transaction documents; iii) developing responses to diligence inquiries; iv) building and maintaining database of financing terms and obligations; and v) ensuring optimization of post-COD asset capital structures

Required Qualifications

  • 8+ years of experience in project finance at a power company, investment bank, or investment fund
  • Experience structuring, marketing, and closing project finance investments that involve project equity, mezzanine debt, construction loans, operating loans, and/or tax equity
  • Experience modeling and analyzing project finance concepts
  • Experience growing and building a team fit to tackle complex project finance transactions
  • Self-starter attitude, willingness to plan and execute with little oversight
  • Passion for climate change and furthering of renewable energy
  • Excellent interpersonal and communication skills
  • Experience reviewing and negotiating contracts
  • Entrepreneurial demeanor with demonstrated ability to partner with executives in driving results

About Fervo Energy

Fervo Energy commercializes technology to own, develop, and operate geothermal assets as the dispatchable foundation to a 100% clean energy future. As a 24/7, reliable clean energy resource, geothermal energy has a major role to play in the future electric grid and Fervo Energy’s key innovations bring a full suite of modern technology to make geothermal cost competitive. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that we have developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo is supported through Cyclotron Road, the Department of Energy, Stanford University, and Breakthrough Energy Ventures.

Fervo Energy is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, gender, religion, marital status, registered domestic partner status, age, national origin, ancestry, physical or mental disability, medical condition, sex, genetic information, sexual orientation, military and veteran status or any other consideration made unlawful by federal, state, or local laws. It also prohibits unlawful discrimination based on the perception that anyone has any of those characteristics or is associated with a person who has or is perceived as having any of those characteristics.

Developing next-generation geothermal projects to deliver 24/7 carbon-free energy.

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