At Canadian Solar, our vision is to make lives better by bringing electricity powered by the sun to millions of people worldwide. As a leading manufacturer of solar panels, inverters, and energy storage solutions, we've been an industry front-runner since our founding in 2001. Our commitment to sustainability is reflected in all parts of our organization as we navigate the complexities of a booming industry.
Throughout Canadian Solar's subsidiaries, e-Storage, Recurrent Energy, MSS and CSI Solar Co., we invest in our employees' growth. Our training programs and promotional opportunities ensure we all can continue to learn. We understand the importance of work-life balance and provide various flexible work options to support our employees' well-being. Join our team to "Make the Difference" by creating a lasting positive impact on the world and the communities where we operate.
Summary
Recurrent Energy, a subsidiary of Canadian Solar, is seeking a Managing Director of Project Finance to lead the Project Finance department. The role is responsible for providing leadership and expertise to raise tax equity, project debt, and corporate facilities to finance the execution of several GW of solar and storage projects, while also leading project equity sale activities in the U.S
Reporting Relationships & Interactions
- Report to the Senior Managing Director of Finance.
- Work closely with senior management across Development, EPC, Origination & Structuring, Legal, and Finance.
- Provide training and mentorship to Project Finance and M&A team members.
- Interact directly with financial institutions and advisors.
Principal Responsibilities / Key Result Areas
- Organize and lead a fundraising campaign utilizing banking relationships to raise $2–3B of tax equity and debt over the next three years.
- Manage and grow relationships with new and existing financial institution partners. Collaborate with the CFO and Senior Managing Director of Finance to structure and close corporate facilities supporting global financing needs.
- Provide oversight and assume overall responsibility for all Project Finance and M&A transactions in North America, including:
- Evaluate tax equity and project financing structures to achieve economic and timing goals.
- Lead relationships with investors and advisors for structuring, negotiating, and closing project sale transactions.
- Guide financial advisors through structuring, negotiating, and closing structured project finance transactions.
- Train and develop the Project Finance and M&A team.
- Oversee the divestiture of NTP and Pre-NTP renewable projects.
- Collaborate with the Business Analytics team to refine development models for anticipated financial structures and tax jurisdictions.
- Provide the Business Development team with early-stage evaluations of financing structures and participate in transaction Risk Review.
- Collaborate with the Origination & Structuring team on energy off-take strategies, return metrics, and credit reviews.
- Collaborate with Legal on structuring Project Finance and M&A transactions.
- Evaluate transactions for Investment Committee review.
- Partner with Corporate Finance to evaluate accounting, tax, and cash attributes of proposed transactions.
- Represent Project Finance and M&A on internal and external cross-functional teams.
Knowledge & Skills
- Excellent problem-solving and strategic thinking skills with the ability to provide creative, forward-thinking solutions.
- Deep expertise in tax equity and project financing structures for renewable energy projects.
- Ability to implement complex financial transactions while balancing tax, accounting, legal, and commercial considerations.
Abilities
- Strong team leadership and process management skills with a proven ability to mentor colleagues.
- Excellent verbal and written communication skills.
- Strong quantitative aptitude with exceptional attention to detail.
- Ability to distill complex issues into clear, actionable recommendations.
- Highly resourceful and comfortable working in a fast-paced, transaction-driven environment.
- Strong sense of ownership, accountability, and attention to detail.
Experience & Education
- Bachelor's degree required.
- Advanced degree preferred.
- 18+ years of energy-related transactional finance experience with a strong focus on project finance, structured finance, and tax equity.
- Established relationships within the energy and infrastructure financing sector.
- Experience working in a project development environment.