Sr Associate, Origination & Market Analysis

Repsol is a globally integrated multi-energy company headquartered in Madrid, Spain. With a team of 25,000 employees across more than 20 countries, we serve 24 million customers worldwide. Our renewable energy portfolio includes nearly 3,700 MW of installed capacity, with a strong presence in Spain, the United States, and Chile. As part of our commitment to a sustainable future, low-emissions generation is central to our strategy to achieve net-zero emissions by 2050. Repsol Renewables North America (RRNA) aims to increase generation capacity to 3,000–4,000 MW by 2027.

About the Role

The Senior Associate, Origination, Commercial Analytics & Market Analysis will support the growth of the Company's renewable energy portfolio through customer origination, market intelligence, commercial analysis, transaction support, and pricing strategy. This role operates at the intersection of customer demand, power market fundamentals, and project commercialization.

Responsibilities

Market Analysis & Intelligence

• Develop market intelligence to inform origination and commercialization strategies across PJM, MISO, NYISO, ERCOT, and WECC.
• Monitor power market fundamentals including supply additions and retirements, load growth, transmission constraints, congestion trends, capacity markets, and renewable penetration.
• Evaluate evolving market conditions and identify regions, customers, technologies, and products with the highest commercial potential.
• Analyze forward energy, capacity, ancillary service, and REC market dynamics.
• Assess impacts of regulatory, policy, and market rule changes on project economics and customer demand.
• Produce market outlooks and commercial opportunity assessments for senior management.
• Identify emerging customer segments and offtake opportunities, including hyperscalers, utilities, C&I customers, data centers, and energy-intensive industries.
• Support development teams by evaluating market attractiveness and project competitiveness at both a regional and nodal level.
• Conduct competitor analysis and track offtake activity, PPA pricing trends, and market transaction activity.
• Recommend go-to-market strategies based on market fundamentals and customer demand signals.

Commercial Analytics & Deal Valuation

• Support commercial analysis for renewable energy, PPA, VPPA, REC, capacity, and other structured energy transactions.
• Coordinate with M&A/pricing team on pricing, valuation, and margin analysis.
• Contribute qualitative narratives to support the valuation of project revenue streams under multiple market scenarios.
• Evaluate capacity accreditation, ELCC impacts, and resource adequacy frameworks.
• Support pricing recommendations and negotiation strategies.
• Develop investment committee materials and executive-level decision support analyses.

Origination Support

• Partner with originators to identify and advance commercial opportunities.
• Support customer engagement, proposal development, and transaction execution.
• Participate in customer meetings and commercial discussions.
• Prepare customer-facing market insight materials and pricing recommendations.
• Assist with RFP responses and competitive bidding processes.
• Track commercial opportunities and support pipeline management processes.

Requirements

• Must be eligible to work for any U.S. employer without the need for sponsorship now or in the future.
• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Energy Systems, Statistics, Business, or a related quantitative field.
• Master's degree (MBA, MS Finance, MS Economics, MS Energy Systems, MS Analytics, or equivalent) preferred.
• 3-7 years of experience in renewable energy, power markets, energy trading, project development, energy consulting, infrastructure investing, utility procurement, or energy finance.

Qualifications

• Experience supporting the origination, negotiation, and execution of renewable energy transactions, including:
  • Physical PPAs
  • Virtual PPAs (VPPAs)
  • Renewable Energy Certificate (REC) transactions
  • Capacity agreements
  • Structured energy products
• Understanding of North American organized power markets, including PJM, MISO, NYISO, ERCOT, and/or WECC.
• Experience evaluating market fundamentals, including:
  • Supply and demand dynamics
  • Capacity markets and resource adequacy
  • Transmission and congestion trends
  • Renewable penetration and capture price impacts
  • Regulatory and policy developments
• Strong financial modeling and transaction valuation experience.
• Experience building market outlooks and translating market intelligence into commercial recommendations.
• Prior experience supporting investment committee, executive leadership, or board-level presentations.
• Proficiency with data analytics, visualization, and reporting tools.
• Demonstrated ability to work cross-functionally with Development, Finance, Legal, Commercial Operations, and Leadership teams.