Investment Summer Intern
Investment Summer Intern
About Altus Power
Altus Power is a leading U.S. clean power company, driving the commercial-scale solar economy through a fully integrated platform that invests in, develops, finances, owns and operates renewable energy infrastructure. With over 1GW of operating assets across 26 states, we’re delivering innovative, high-impact energy solutions to Fortune 1000 companies, financial institutions, households, municipalities and more.
A portfolio company of TPG Rise Climate and backed by financial partners like Blackstone and Goldman Sachs, we’re built for scale, accelerating the shift to reliable, local clean power for communities and businesses nationwide.
Headquartered in Stamford, Conn. - just a short train ride from New York City - we offer a fast-paced, collaborative environment where passionate, mission-driven professionals come together to power a cleaner future. We lead with vision. We act with purpose. And we’re looking for smart, driven people ready to help power what comes next.
About the Position
Altus Power is currently seeking highly motivated summer interns to work with our Investment and Structured Finance team.
Responsibilities:
- Underwriting solar, battery energy storage system ("BESS") and EV charging investment opportunities
- Understand risk versus return profile of solar and clean energy assets as compared to other investment alternatives.
- Develop understanding of drivers behind project cash flows and how each respective assumption effects investment return
- Develop financial modeling skills for project finance, specifically focused on solar and clean energy investment opportunities
- Due diligence/project closing support for senior staff
- Gain an understanding of various core documents such as Membership Interest Purchase Agreements, Leases, Power Purchase Agreements and Letters of Intent.
- Learn about SREC/REC markets and the drivers behind the supply/demand dynamics
- Develop an understanding of tax equity partnerships and assist staff members in tax equity closing process.
- Learn about various asset management functions (invoicing, customer relations, financial reporting, cash distribution waterfall, etc.)
- Assist with production monitoring to ensure solar assets are performing in-line with baseline projections.
- Support the investment team by putting together marketing materials and presentations
- Interact with the engineering team to learn about equipment procurement and pricing
- Engage in interconnection studies and getting projects through utility interconnections queues
- Improve communication skills – in-person, virtual meetings, telephone, and email
- Support senior staff members with all tasks
Requirements:
- Highly motivated individual
- Understanding of financial modeling
- Attention to detail
- Organized professional with strong integrity
- Strong communicator and a team player
- Ability to commute to and work in our Stamford, CT office
Here are a few of the benefits we offer:
- Opportunity to learn from industry leaders in growing industry
- Company paid lunch in the office
- Company paid membership to building gym
- Company team building events!