Financial Analyst role with Leading Offshore Wind Developer

Vårgrønn is hiring for a finance analyst to join their team in Oslo, supporting financing activities across their renewable energy projects, as part of their wider corporate team.

 Vårgrønn is an agile, Norway-based offshore wind company powering the energy transition through development, construction, operation, and ownership of offshore wind assets. Vårgrønn is a joint venture between the energy company Plenitude (Eni) and the Norwegian energy entrepreneur and investor HitecVision. 

 Vårgrønn holds a 20% share in Dogger Bank, the world’s largest offshore wind farm under construction, and has together with Flotation Energy been awarded exclusivity to develop the two floating offshore wind projects Green Volt and CENOS in Scotland with a combined capacity up to 1.9 GW. Green Volt is on track to become Europe’s first commercial scale floating offshore wind farm.

 We are collaborating with Equinor to develop a floating offshore wind project at Utsira Nord in Norway of up to 750 MW. In Ireland, we are partnering with Energia Renewables to develop offshore wind projects of up to 1.8 GW. Vårgrønn is leading a collaboration with European Energy towards the upcoming auction rounds in Lithuania, Latvia and Estonia. With a target of at least 5 GW by 2030 from offshore wind in operation or development, our organisation is based in Stavanger, Oslo, and London, and is expanding to meet our strategic goals and drive offshore wind forward in Northern Europe.

Responsibilities will include, but not limited to

·       Support workstreams to raise debt capital or secure other financial instruments.

·       Review and negotiate commercial terms of debt financing or other financial instruments.

·       Provide advice to key decision makers regarding financing and financial risk management.  

·       Perform economic and financial analyses in relation to financing and commercial negotiations.

·       Run debt models to be used in analysis of financing opportunities.

·       Support management with financing tasks such as capital raising, project financing, bankability of investments, liquidity control.

·       Assist management and shareholders in planned and ad-hoc tasks.

The Requirements

·       2-3 years’ experience in a finance-related position, i.e. transaction services, banking, corporate finance or related area.

·       Able to work effectively as part of a team.

·       Strong commercial mind set and financing know-how.

·       Debt modelling experience advantageous but not a requirement.

·       Advanced proficiency in Microsoft Excel and PowerPoint.

·       Excellent written and verbal communication skills.

·       Structured and organized.

·       Strong self-leadership with a proactive approach.

We are committed to fostering a diverse and inclusive workplace, and we encourage candidates of all backgrounds to apply. We strive for a balanced composition of gender, age, and diverse cultural/experiential backgrounds among our employees, and believe that a diverse team brings a variety of perspectives and ideas, which contributes to our innovation and success. Join us in creating a workplace that values and celebrates diversity and inclusion.