Renewables finance is going to be even more essential to fund a green recovery and transition to a system where only green energy is used to power homes and businesses. There are already increasing opportunities for the next generation of professionals with an interest in renewable energy and understanding of finance to begin a rewarding career funding renewable energy projects.
Ultimately, this work will help make climate change solutions a reality. For anyone aspiring to a career in renewables finance, a passion for the environment and desire to make a difference is essential.
1. The skills needed to work in renewables finance
Working in renewable energy finance requires a balance between understanding the industry, excellent communication skills and an analytical mindset.
Regardless of the type of renewable energy being funded, knowledge of the industry is integral to being able to support customers and make sound decisions. At Privilege Finance our team have an extensive understanding of the anaerobic digestion sector, which enables them to support customers throughout their funding journey. We also have a network of industry contacts, from environmental consultants to technology providers, so we can put customers in touch with trusted experts to help overcome any challenges along the way. At Privilege, if you have a passion to work in the renewable energy we can provide the right training and share our industry knowledge to make you excel in your renewables finance career.
As well as industry know-how, it is important to have the ability to build and sustain good relationships with customers. Our team must be able to understand customers’ aspirations, provide advice, support with keeping projects on track and identify and help resolve potential issues. For this, excellent listening and communication skills are imperative.
The ability to identify risks, understand their potential impact and look for solutions is a key skill in renewables funding. This does not just apply to those in the team which makes the final funding decision, but across the business. Our aim is to support customers from the early stages of their application to help them achieve a positive outcome.
2. There are many types of role available in renewable energy finance
There are several career routes in renewable energy finance. At Privilege Finance, we have the accountants and credit analysts, the people who work the numbers to enable informed funding decisions as well as monitoring loans to make are they are performing as expected for all projects.
There are also customer facing roles, such as Business Development and Project Management to support those developing climate change reduction projects throughout their funding journey. This can include providing advice on how to complete a funding application for a renewable energy project, managing the release of funding while a renewable energy infrastructure project is in-build or working closely with the customer once a build is complete, to support with finding solutions to any issues.
There are also opportunities to be involved with the cutting edge of new technology development, as members of the team are tasked with learning about and developing a full understanding of next generation technologies. This ensures we stay on the front foot and are ready to fund innovative projects which make use of the best available technologies.
Finally, for those with a creative flair, there are opportunities for marketing our services and communicating what we do. All these roles will make a difference and will help tackle climate change.
3. Renewables finance will make a difference to the planet
Funding of renewable energy finance will have a key role to play in making green energy a reality, which will be essential to halt the trend of global climate heating. There is even opportunity to fund projects which can reverse damage already done, for example carbon capture and storage technology can remove carbon dioxide from the atmosphere.
Some forms of renewable energy can also tackle other problems. For example, anaerobic digestion of food waste can help resolve waste management issues by reducing the quantity of waste going to landfill, where it emits methane direct to the atmosphere. This process produces biogas, which can be used to power homes and businesses, and digestate, which can be used as organic fertiliser on agricultural land.
For anybody interested in a career in renewables finance, connect with us on LinkedIn to keep an eye out for any upcoming opportunities. We also provide opportunities for students whose dissertations relate to renewable energy or climate change reduction through our Climate Change Thought Leadership Award.