Cleantech Finance Adviser - Luxembourg - European Investment Bank

European Investment Bank

Entreprise vérifiée

Luxembourg

il y a 2 semaines

Posté par:

Jean Schmitz

Recruteur de beBee

Description

This position is based at our Luxembourg headquarters and requires regular office presence. The EIB offers you the opportunity to live and work in a truly international and multi-cultural environment. We also offer relocation support.

The
EIB, the European Union's bank, is seeking to recruit for its Operations Directorate (OPS), Advisory Services Department (AS), Corporate Finance Advisory Division (CFA), at its headquarters in Luxembourg, an
(Associate) Cleantech Finance Adviser.

- _internal benchmark: (Associate) Officer Advisory_

This is a full-time position at grade 4/5 for which the EIB offers a permanent contract.**
The existence of this position is linked to the Innovation Fund which is foreseen until 31/12/2031.

Panel interviews are anticipated for March 2024._

Purpose:

To appraise the financial maturity of EU Innovation Fund PDA beneficiary projects by evaluating the business case for each project proposal; provide financial advisory support to individual projects covering technologies such as carbon capture use and storage, renewable energy production and storage, hydrogen, sustainable fuels, maritime, and energy efficiency; as well as be involved in cross-cutting initiatives such as thematic studies and outreach events, in order to promote the development of market and financing conditions in target areas, and the identification of advisory leads.

Operating Network:

The European Innovation Fund ("IF") is one of the world's largest funding programs for the demonstration of innovative low-carbon technologies.

It also serves as the EU fund for climate policy, with a focus on energy and industry; aiming to bring to the market solutions to decarbonise European industry and support its transition to climate neutrality while fostering its competitiveness.

The IF is a key funding instrument for delivering the EU's economy-wide commitments under the Paris Agreement and the climate and energy priorities put forward in the REPowerEU Plan, the Hydrogen Bank, the Green Deal Industrial Plan, and the Net-Zero Industry Act.

The IF scheme was established under the revised EU Emissions Trading System (ETS) Directive and provides grant funding to innovative, low-carbon technology demonstration projects in energy-intensive industries, renewable energy, energy storage, carbon capture and use (CCU) or carbon capture and storage (CCS).

The Corporate Finance Advisory ("CFA") Division is part of the Advisory Services Department (ASD) within the Operations Directorate.

CFA provides upstream, project-related advice on priority RDI projects to enhance their access to finance, complementing the Bank's lending and blending activities in the corporate and innovation finance fields.

CFA is also responsible for delivering financial advisory in the form of PDA - as part of the Innovation Fund.

This role will sit within a newly created unit within the Corporate Finance Advisory ("CFA") Division.

This is a new post to deliver financial advisory services to projects that meet the Innovation Fund eligibility criteria.

S/he reports to the Head of Unit. S/he cooperates closely with colleagues in OPS/AS and the wider OPS team.

Close work with PJ, JU, and FI is also required to ensure that all duties are performed in line with internal procedures and the Innovation Fund Contribution Agreement.

S/he needs to work with a certain degree of autonomy, maintaining external contacts with the EC and CINEA on Innovation Fund implementation, keeping them abreast of trends in the cleantech market, and also representing the EIB at high-level meetings and/or at external events.

Accountabilities:

In close collaboration with other EIB Services concerned, the (Associate) Cleantech Finance Adviser:

Evaluates innovative cleantech project proposals from Promoters that request PDA support from the Innovation Fund, in order to determine their commercial viability. The projects will cover sectors and themes such as innovative renewable energy, energy storage, sustainable fuels, industrial decarbonisation, hydrogen, batteries, green manufacturing, and innovative transport, amongst others;
Discerns weaknesses in the project proposals with a focus on identifying bankability issues;
Develops advisory plans/scopes of work for implementation to remedy key issues in the project proposal;
Provides financial advice to Promoters: prepares business cases and develops sound and sustainable financing plans with a view to improving the overall bankability of these innovative projects, working in some cases with external consultants and in close collaboration with the European Commission and other EIB services;
Drafts internal and external documentation including clear and concise project reports;
Contributes to developing the unit's knowledge and expertise in cleantech trends, technological developments, and other climaterelated activities, potentially assessing financing bottlenecks/issues id