Portfolio Strategy Intern, Southern European Origination (6 months), Düsseldorf, (m/f)

Company Description

Portfolio Strategy Intern, Southern European Origination (6 months), Düsseldorf, (m/f)

Derendorfer Allee 2a, 40476 Düsseldorf, Germany

Internship (ideally 6 months)

Start date: from May 2025

Who we are:

As Europe's largest producer of renewable energy, we aim to be a leading player in the global energy markets. The energy world is in the midst of a major shift: reducing greenhouse gas emissions worldwide.

Statkraft's Origination activities are about understanding these dynamics and their impact on the pricing of energy and energy-related products, as well as developing meaningful and innovative solutions for our commercial and industrial customers on their journey to decarbonization.

Our Origination business brings renewable energies to the market and to consumers. This is done through balancing services and power purchase agreements with renewable energy producers and hedging or supplies for our industrial and commercial customers (PPAs – Power Purchase Agreements). The latter range from standard electricity contracts to tailored green electricity supplies with guarantees of origin, which provide our customers with proof that the electricity purchased is generated by a specific facility.

 In order to manage the risks of fluctuating renewable electricity generation, we are also involved in the management of flexible generation plants.

Our origination activities are carried out from a number of offices worldwide, e.g. in the Nordic countries, Central, Northwest and Southern Europe, as well as the UK, USA and South America

Working in Southern European Origination:

As part of the Origination department, the Southern European Origination team concludes non-standard, structured and often complex transactions in wholesale energy markets in Spain, Portugal, France, and Italy. Thereby, it cooperates closely with Statkraft’s trading desks and the other regional Origination teams to offer pan-European tailored energy solutions. The responsibilities within Southern European Origination are divided into Origination departments for Iberia, France and Italy and a Portfolio Management team in Germany.

While the Origination teams focus on originating, structuring, and negotiating value enhancing new transactions, Portfolio Management prices and manages the entire portfolio exposure in the market across the curve until delivery. Foundational to the responsibilities of the Portfolio Management team is the development of sophisticated pricing models und underlying stochastic and fundamental power market models. All teams closely collaborate on a joint “one team – one PnL” philosophy per region.

Southern European Origination has been a first mover on long-term PPAs in Spain and Italy with more than 50 wind and solar PPAs contracted. In addition, the portfolio consists of tailor-made long-term agreements with IPPs/generators and large end customers as well as other non-standard flexible and structured wholesale products. Furthermore, Southern European Origination is running a PPA business in France and holds a sizeable route-to-market renewables portfolios in that market.

We are looking for an intern to join the Southern European Origination Portfolio Management team for a 6 month internship, starting in May 2025.

Job Description

Responsibilities:

• Support our analysts in building out pricing and valuation tools and integrating them in current Portfolio Management landscape
• Conduct research projects to improve power market modelling and business strategy
• Automate processes related to reporting and data management to help business scale
• Support product development initiatives and projects for Portfolio Management
• Gain first-hand and in-depth understanding of power markets and related commodities with a focus on renewable energy and learn the fundamentals of energy trading

Qualifications

• Interest in the renewables and power market.
• Excellent quantitative and analytical skills.
• Proficiency with data analysis/data science in Excel and Python (or R, Matlab, etc.)
• Currently studying Economics, Mathematics, Finance, Engineering, or other relevant analytical field of study and available for a 4- to 6-month internship.
• High level of motivation, structured way of working and able to get things done.
• Able to communicate ideas clearly.
• Fluency in written and spoken English is required.
• Understanding of the power market an advantage.
• Understanding of trading on commodity markets is an advantage

Additional Information

What we offer

A career with Statkraft is a career filled with purpose – meaning that every employee is not just m