About the organization
ReNew Power Limited is India’s largest renewable energy IPP (Independent Power Producer) with a capacity of over 10 GW of wind and solar power assets across the country. It develops, builds, owns and operates utility scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers.
ReNew has a strong track record of organic and inorganic growth. ReNew’s broad base of equity investors include Goldman Sachs, JERA, ADIA, CPPIB, ADB (subsequently exited) and GEF SACEF India and have invested a total of over US$ 1.4 billion in the company in various tranches over the years.
The job would require an experience of the regulatory interventions and policy advocacy in Indian power sector, dealing with regulators and government bodies both at the national and state level. A very good understanding of the functioning of renewables sector and power sector in India is essential. This person would work very closely with the Business teams, Senior Management and the Project Execution team.
Roles and Responsibilities
- Engagement with CERC, CEA, MNRE, MOP, state energy departments, appropriate commission and other regulatory bodies for business purpose.
- Drafting / review of regulatory petitions / representations and other government representations for achieving business objectives.
- Coordinating and / or attending external meetings with government organizations, regulatory bodies, etc.
- Finding solutions to business problems through regulatory / policy interventions.
- Gather market intelligence in terms of competitor strategy across range of issues including but not limited to regulatory interventions, policy advocacy, and business models.
- Track developments in the power sector for bidding, regulatory and competition perspective at the central and the state level, which can affect business.
- Keep abreast of market trends and dynamics.
- Consult other IPPs, regulators and OEMs on upcoming policies in the field of renewable energy and broader power sector, and partner with them for policy advocacy.
Profile & Eligible Criteria
- Minimum experience of 7 years working in the power sector specific advisory / regulatory / policy research.
- Should have exposure of handling regulatory affairs for at least 2 years in the power sector.
- Should have experience on drafting / commenting / influencing draft regulations/ policies.
- Understanding of power market design and operations both in India and outside India will be an added advantage.
- Strong analytical skills
- Strong Initiative
- Good communication skills and writing skills
- Ability to curate and manage relationships
- Acumen to process data / prepare reports
- Should be task oriented
- The role would require extensive internal interfacing with business teams and support functions.
- External interfaces would be with government organizations, regulators, utilities and other
institutions – both at national and state level.
- External interface with lawyers, colleagues in other power sector companies etc.
Reporting Authority: Sr. Vice President, Regulatory Affairs