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Director - Co Development Italy

AT GE Vernova
GE Vernova

Director - Co Development Italy

Milan, Italy

Job Description Summary

The Director - Co Development Italy will be responsible for managing GE V FS investments in co-development platforms and assisting in originating, structuring, and executing joint development opportunities through strategic partnerships with developers and investors to enable the pull through of GE Vernova (GE V) equipment and services across its portfolio of technologies including Onshore and Offshore Wind, BESS, and potential other technologies in the future, while creating incremental value for GE V and its customers

Job Description

Essential Responsibilities

  • Lead the implementation of investments in projects under development and assist in the origination of development partnerships, consistent with GE V's strategic plans across Italy and if relevant the Balkan region
  • Assess opportunities and ensure compliance with internal approval and assessment processes while managing continued investment and screening of new project opportunities, timetable, budgets and coordinating multidisciplinary transaction teams including subject matter experts (e.g. permitting, interconnection, market assessment, land acquisition)
  • Maintain partner relationship and manage ongoing development of existing projects, balancing exposure, risk, and timescale to ensure proper development spend and progress. Track, update and provide recommendations to mitigate development risk identified during the evaluation phase of a project and throughout its development to RTB In addition, manage and support new project originated by the partnership
  • Supervise, support or lead (as relevant) project-related contract negotiations such as PPAs, BOP contracts, land leases and grid interconnection agreements as well as financing of the projects (in collaboration with other GE V divisions as required)
  • With support of FS Investment team, perform financial pro-forma evaluation of projects. Formulate and implement project development plans and manage development budgets within the Co Dev team business plan.
  • Support FS Investment team to structure strategic partnership agreements with developers and investors to maximize project value and returns and GE V equipment pull through, while managing and mitigating GE V exposure. Support all aspects of the transaction to enter into development partnerships including but not limited to Joint Development Agreement, Development Loans, Share Purchase Agreements, Development Service Agreement, Shareholders Agreement
  • Manage internal approval process during the development phase ensuring alignment with strategy and stakeholders advocacy. Ensure coordination of deal execution tasks within the internal approval processes and stakeholders as well as supporting in the drafting of all required documentation
  • Serve as advisor and partner to customers, GE V's local sales teams and GE V's local finance teams on all aspects of development across the region
  • Create collaborative environment and build strong relationships across GE V

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Qualifications, Requirements & Experience

  • Bachelor's degree or equivalent knowledge or experience; Master's degree in Engineering, MBA or other applicable degree is an advantage;
  • Significant experience in development within the energy or infrastructure sectors;
  • Proven experience in an infrastructure development or private equity environment, including oversight or direct responsibility for permitting, land acquisition, interconnections, commercial contracts negotiations, strategic partnership management and negotiation experience;
  • Proven experience in evaluating investment opportunities in energy industry, including working knowledge of all facets of the development process (e.g. permitting, land control, project economics, due diligence management, structuring and execution of development agreements, strategic alliance negotiations and/or capital markets exposure;
  • Language: Italian, English
  • EU passport holder
  • Ability and willingness to travel up to 30% of time

Desired Characteristics

  • A strong team player with significant examples of proven successful deal origination and success in execution; established network across sector/industry;
  • Significant energy industry experience within the region with a stablished network of renewable energy developers;
  • Proficient use of Microsoft Office Suite to include Word, Excel, PowerPoint and Outlook;
  • Experience with project development documents and development lifecycle from origination through execution;
  • Proven ability to build/maintain strong relationships (internally and externally) while coordinating multiple tasks/priorities;
  • Leadership ability to empower and energize others whilst also setting a good example of a strong team player;
  • A skilled communicator who can influence a wide audience using a balanced approach to problem solving and a clear understanding and presentation of risks;
  • Ability to solicit interest and champion unique approaches/original solutions and formulate those ideas into a strategy and build concrete executable transactions;
  • Self-starter with high energy, willingness to cold-call and network and an ability to energize others;

Additional Information

Relocation Assistance Provided: No

Client-provided location(s): Milan, Metropolitan City of Milan, Italy; Rome, Metropolitan City of Rome Capital, Italy
Job ID: GE_Vernova-100459849
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • FSA With Employer Contribution
    • HSA
    • HSA With Employer Contribution
    • Fitness Subsidies
    • On-Site Gym
    • Mental Health Benefits
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Adoption Leave
  • Work Flexibility

    • Flexible Work Hours
    • Remote Work Opportunities
    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • On-Site Cafeteria
    • Holiday Events
  • Vacation and Time Off

    • Unlimited Paid Time Off
    • Paid Holidays
    • Personal/Sick Days
    • Summer Fridays
  • Financial and Retirement

    • 401(K)
    • Stock Purchase Program
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
    • Profit Sharing
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Lunch and Learns
    • Leadership Training Program
    • Internship Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)
    • Unconscious Bias Training

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