Job Description: Renewable Energy Economist
Position: Renewable Energy Economist
Department: Energy and Utilities
Reports to: Director of Renewable Energy
Job Summary:
The Renewable Energy Economist will play a crucial role in analyzing and evaluating the economic viability and impact of renewable energy projects. The incumbent will utilize their expertise in economics and energy markets to support decision-making processes and provide valuable insights to optimize project success. They will work closely with cross-functional teams to develop financial models, conduct cost-benefit analyses, and assess the overall economic feasibility of renewable energy initiatives.
Key Responsibilities:
1. Conduct economic research and analysis to assess the financial viability and impact of renewable energy projects.
2. Develop quantitative models and frameworks to evaluate costs, benefits, and risks associated with renewable energy investments.
3. Analyze market trends, pricing structures, and regulatory frameworks to identify opportunities and challenges for renewable energy projects.
4. Collaborate with internal stakeholders to gather data, information, and assumptions required for economic evaluations.
5. Prepare detailed reports and presentations summarizing economic findings and recommendations for management and external stakeholders.
6. Support the development of financial models, including cash flow forecasts, return on investment (ROI) calculations, and project valuations.
7. Assess the potential environmental and social benefits of renewable energy projects and incorporate them into economic analyses.
8. Stay updated on industry best practices, new technologies, and policy changes to ensure economic analyses align with the latest developments in the renewable energy sector.
9. Collaborate with regulatory bodies, financial institutions, and industry experts to gather relevant data and insights.
10. Communicate complex economic concepts and findings to non-technical stakeholders in a clear and concise manner.
Required Skills and Qualifications:
1. Bachelor's degree in Economics, Finance, or a related field. Master's degree preferred.
2. Minimum of 5 years of experience in economic analysis, preferably in the renewable energy or utilities sector.
3. Strong knowledge of economic principles, energy markets, and renewable energy technologies.
4. Proficient in quantitative analysis, financial modeling, and statistical techniques.
5. Experience in conducting cost-benefit analyses, feasibility studies, and risk assessments.
6. Excellent analytical skills, with the ability to interpret complex data and draw meaningful conclusions.
7. Advanced proficiency in MS Excel and other analytical tools.
8. Excellent verbal and written communication skills, with the ability to present complex information in a clear and concise manner.
9. Strong interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
10. Self-motivated and detail-oriented, with the ability to manage multiple projects and meet deadlines.
11. Familiarity with renewable energy policy, regulations, and incentives is highly desirable.
12. Knowledge of environmental and social impact assessments related to renewable energy projects is a plus.
Note: This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not include all the specific duties and responsibilities required for the role, which may be subject to change based on organizational needs.