Opdenergy is a leading independent renewable energy producer (IPP) specializing in solar photovoltaic and onshore wind technologies. Founded in Spain, the company manages the entire lifecycle of renewable energy projects, from initial development and financing to construction and long-term operation. It has established a significant global footprint with a portfolio of assets across Europe, the United States, and Latin America.

In Spain, Opdenergy maintains a strong corporate and operational presence with key hubs in Madrid and Sevilla. The company is a major player in the Spanish energy transition, offering diverse opportunities for international professionals in specialized fields such as project finance, M&A, and asset management. Its multicultural environment and focus on sustainable infrastructure make it an attractive destination for expats looking to build a career in the green economy.

Founded in 2005 in Spain, Opdenergy began as a developer of solar projects before expanding into wind and becoming a full-scale IPP. In 2024, the company was acquired by Antin Infrastructure Partners to accelerate its growth in the renewable energy sector.

For international professionals

Headquartered in Madrid, providing a central hub for corporate and financial roles.
Operates in multiple international markets including the USA, Italy, and Latin America, fostering a global work environment.
Recently acquired by Antin Infrastructure Partners, signaling strong financial backing and future growth.
Offers roles that frequently require English proficiency due to its international project portfolio.

Senior Financial Modeller – Madrid/Sevilla, Spain

Opdenergy

This job was originally posted in Spanish and automatically translated to English. You'll most likely need Spanish to apply.

Job Description

Opdenergy is a growing independent renewable energy producer (IPP) with a presence in Europe, the United States, and Latin America, and over 19 years of experience. The company develops, builds, finances, manages, and operates high-quality renewable energy projects in several countries, with a portfolio of 2.6 GW (1.3 GW in operation and more than 1.3 GW ready to build / under construction) in operating and construction assets. The total portfolio under development exceeds 18 GW.

We are currently looking to incorporate a Senior Financial Modeller, with extensive experience in advanced financial modeling at the HoldCo level, NAV financing, and Tax Equity structures in the US, based in Madrid or Seville.

How will you help?

Development and management of integrated financial models at the HoldCo level, incorporating multiple SPVs, technologies, and geographies.
Lead the modeling of NAV financing, including cash waterfalls, covenants, upstream dividend distribution, leverage optimization, and stress testing.
Construction and maintenance of project-level and portfolio-level models for BESS assets (stand-alone and hybrid), solar, and wind in greenfield, brownfield, and operational phases.
Modeling of BESS-specific economics, including revenue stacking, degradation, and merchant exposure.
Structuring and analysis of Tax Equity transactions in the US (Partnership Flip, Sale-Leaseback, Inverted Lease, ITC/PTC monetization).
Performing scenario analysis, sensitivities, and downside cases at the project, portfolio, and HoldCo levels.
Financial support for M&A operations, platform acquisitions, refinancings, and portfolio leverage initiatives.
Support for the entry of financial partners and Tax Equity investors, including transaction modeling and documentary support.
Coordination with internal teams (Development, M&A, Asset Management) and external stakeholders (banks, investors, advisors).
Preparation and presentation of financial analyses and reports to Senior Management and fund shareholders.

Who you are

Between 7 and more than 10 years of experience in financial modeling in renewable energy IPPs, infrastructure/energy funds, or investment banking / project finance.
Demonstrable and practical experience in HoldCo models and NAV financing, renewable assets (BESS, solar, wind), greenfield and brownfield projects, and Tax Equity structures in the US.
Advanced proficiency in Excel, with a high capacity for structuring and auditing complex models.
Solid knowledge of Project Finance versus HoldCo Finance, main financial metrics (IRR, NPV, DSCR, LLCR), and cash waterfalls and covenants packages.
Fluent English (essential).
Experience in international and multi-technology renewable energy portfolios.
Knowledge of corporate PPAs, merchant exposure, and capacity/ancillary services markets (especially for BESS).
Experience using Python, VBA, Power BI, or other financial automation tools.

What do we offer?

Hybrid model with 2 flexible remote work days per week.
Stable employment through an indefinite contract.
Real growth opportunities in a global and multicultural environment.
Free health insurance.
Free snacks and well-equipped facilities.
Language and technical training on demand.
Free meal vouchers.
Flexible remuneration plan (transport, childcare).

Opdenergy is a company committed to equal opportunity. All applications will be considered without distinction of race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, or disability.

View original advert (Spanish)

Opdenergy es un productor independiente de energía renovable (IPP) en crecimiento, con presencia en Europa, Estados Unidos y Latinoamérica, y con más de 19 años de experiencia. La compañía desarrolla, construye, financia, gestiona y opera proyectos de energía renovable de alta calidad en varios países, con un portfolio de 2,6 GW (1,3 GW en operación y más de 1,3 GW listos para construir / en construcción) en activos en operación y construcción. El portfolio total en desarrollo supera los 18 GW.

Actualmente buscamos incorporar un/a Senior Financial Modeller, con amplia experiencia en modelización financiera avanzada a nivel HoldCo, financiación NAV y estructuras de Tax Equity en EE. UU., con base en Madrid o Sevilla.

¿En qué ayudarás?

Desarrollo y gestión de modelos financieros integrados a nivel HoldCo, incorporando múltiples SPV, tecnologías y geografías.
Liderar la modelización de financiación NAV, incluyendo cash waterfalls, covenants, distribución de dividendos aguas arriba, optimización de apalancamiento y stress testing.
Construcción y mantenimiento de modelos a nivel proyecto y portfolio para activos BESS (stand-alone e híbridos), solares y eólicos en fases greenfield, brownfield y operativas.
Modelización de la economía específica de BESS, incluyendo revenue stacking, degradación y exposición merchant.
Estructuración y análisis de transacciones de Tax Equity en EE. UU. (Partnership Flip, Sale-Leaseback, Inverted Lease, monetización ITC/PTC).
Realización de análisis de escenarios, sensibilidades y casos a la baja a nivel proyecto, portfolio y HoldCo.
Soporte financiero a operaciones de M&A, adquisiciones de plataformas, refinanciaciones e iniciativas de apalancamiento de portfolios.
Apoyo en la entrada de socios financieros e inversores de Tax Equity, incluyendo la modelización de transacciones y soporte documental.
Coordinación con equipos internos (Desarrollo, M&A, Asset Management) y stakeholders externos (bancos, inversores, asesores).
Preparación y presentación de análisis financieros e informes a la Alta Dirección y a los accionistas de los fondos.

Quién eres

Entre 7 y más de 10 años de experiencia en modelización financiera en IPP de energías renovables, fondos de infraestructuras/energía o banca de inversión / project finance.
Experiencia demostrable y práctica en modelos HoldCo y financiación NAV, activos renovables (BESS, solar, eólico), proyectos greenfield y brownfield, y estructuras de Tax Equity en EE. UU.
Dominio avanzado de Excel, con alta capacidad para la estructuración y auditoría de modelos complejos.
Sólido conocimiento de Project Finance frente a HoldCo Finance, principales métricas financieras (IRR, NPV, DSCR, LLCR) y cash waterfalls y paquetes de covenants.
Inglés fluido (imprescindible).
Experiencia en portfolios internacionales y multitecnología de energías renovables.
Conocimiento de PPAs corporativos, exposición merchant y mercados de capacidad/servicios auxiliares (especialmente para BESS).
Experiencia en el uso de Python, VBA, Power BI u otras herramientas de automatización financiera.

¿Qué ofrecemos?

Modelo híbrido con 2 días flexibles a la semana de teletrabajo.
Empleo estable mediante contrato indefinido.
Reales oportunidades de crecimiento en un entorno global y multicultural.
Seguro médico gratuito.
Snacks gratuitos e instalaciones bien equipadas.
Formación en idiomas y técnica bajo demanda.
Cheques comida gratuitos.
Plan de retribución flexible (transporte, guardería).

Opdenergy es una empresa comprometida con la igualdad de oportunidades. Todas las candidaturas serán consideradas sin distinción de raza, color, religión, sexo, orientación sexual, identidad de género, origen nacional, condición de veterano o discapacidad.