Company Description
Company Description
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.
Job Description
Working in Southern European Origination:
Statkraft’s Southern European Origination team concludes non-standard, structured and often complex transactions in wholesale energy markets of Spain/Portugal, France, and Italy. We are organized into local Origination teams in each market plus the Portfolio Management team in Germany. While the Origination teams originate, structure, and negotiate new transactions, Portfolio Management focuses on pricing these transactions and managing the portfolio exposure in the market, including trading of power and other energy commodities. 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.
Statkraft’s 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:
- 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
- Support trading activities with analysis of key market factors, which will allow for a better decision making on a daily basis
- Strengthen our valuation of battery energy storage systems with analysis of revenue streams, risks, and portfolio effects
- Build out our tool landscape to manage the portfolio of power and other commodities, including automation of reporting and data management processes
Qualifications
Qualifications
- Currently studying or recently received a degree in either Economics, Mathematics, Finance, Engineering, or other relevant analytical field of study and available for a 6-month internship
- Excellent quantitative and analytical skills
- Proficiency with data analysis/data science in Excel and Python
- Interest in the renewables and power market
- High level of motivation, structured way of working and ability to get things done
- Ability to communicate ideas clearly
- Fluency in English
- Understanding of power markets an advantage, but not required
Additional Information
What we offer:
A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities and our environment first. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.
This includes:
- Extensive professional and personal learning and development opportunities
- The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds
- A diverse workplace with regard to gender, age and cultural background
Statkraft offers competitive terms of employment and benefits schemes, and we’re a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice, not chance.
Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorisation.
