Project Developer

Project Developer

FLSA Classification: Exempt

Salary Range:  $115,000 - $135,000 plus bonus and incentive stock options

Reports to: VP, Project Development

About The Company:

NineDot's name derives from the classic mathematical puzzle for sparking out-of-the-box solutions. As a leading community-scale, clean energy developer with a growing portfolio of projects across a range of technologies, NineDot Energy (“NDE”)is creating innovative energy solutions that support a more resilient electric grid, deliver economic savings, address environmental justice, and reduce carbon emissions. We plan to develop, build and operate more than 400 MW of clean energy systems by 2026 that will strengthen the local power grid infrastructure and provide clean, reliable and resilient power to tens of thousands of New York households and businesses. This is all in support of New York State’s mission to achieve 100% clean energy by 2040.

With the backing of Manulife Investment Management and The Carlyle Group - two of the world’s leading infrastructure investors - NineDot is continuing to expand its core battery energy storage pipeline, deliver enhanced products and services, explore new regions and consider potential acquisitions all to advance the decarbonization of New York’s grid. This is an exciting opportunity to build a platform from the ground-up with a world-class team of developers and innovators. NineDot is committed to building a company that exemplifies diversity, equity and inclusion values in its team culture, as well as business practices and community engagement.

Job Summary

Reporting to the VP of Project Development, the Project Developer will screen development opportunities for grid connected battery energy storage projects in New York City and advance qualifying projects through the development pipeline. The Project Developer will be responsible for executing NDE’s development strategy in New York City.

This will include reviewing and analyzing new project opportunities; negotiating lease and/or purchase agreement terms and conditions; managing third party resources to run due diligence efforts; and, in coordination with the Engineering team, navigating the permitting and design process to ensure a smooth handoff to our Construction team. The position will have opportunities to have ownership and accountability over projects with potential for career growth.

Roles and responsibilities

• Plan and execute NDE development strategy for New York City.
• Work with the origination team to target, screen, and make recommendations to the Director of Origination on new opportunities for the project development portfolio.
• Provide support and guidance to origination and legal teams on commercial terms for negotiating, drafting, and executing LOIs for site control.
• Perform project financial modeling and valuation to inform origination decision making.
• Assist legal teams in drafting and execution of lease and/or purchase and sale agreements.
• Perform all internal and third party real estate due diligence on sites under NDE control.
• Coordinate with NDE technical teams to prepare site designs and interconnection applications with Con Edison.
• Coordinate and manage third party resources to engage with local authorities having jurisdiction to obtain necessary project approvals.
• Track and manage real estate and interconnection obligations to maintain compliance under leases and/or purchase and sale agreements.
• Track and report on portfolio status to the Director of Origination and senior leadership team.
• Prepare project memoranda to make go/no-go recommendations to the Development Committee.
• Provide support to the Product Development team in exploring new product types and opportunities.
• Operate independently, and report and escalate to management as needed.
• Other duties as assigned.

Competencies for Success

• Problem Solving - Uses rigorous logic and methods to solve difficult problems with effective solutions; conducts excellent and honest analysis; looks beyond the obvious and doesn’t stop at the first answer.
• Interpersonal Savvy - Able to relate well to all individuals within and beyond the organization; builds appropriate rapport along with constructive and effective relationships; uses diplomacy and tact.
• Perseverance -  Pursues everything with energy, drive, and a need to finish; seldom gives up before finishing, especially in the face of resistance or setbacks.
• Dealing With Ambiguity - Can effectively cope with change and shift gears comfortably; can decid