Mergers and Acquisitions Associate

As part of our UK and European BESS investment team, you will support the origination, evaluation and execution of energy storage investment opportunities, with a particular focus on standalone and co-located BESS projects. Working closely with colleagues across Development, EPC, Finance, Legal, Tax and Strategy functions in both Europe and China, you will play a key role in transaction execution, due diligence, financial analysis and preparation of investment recommendations.

This role offers exposure to a broad range of energy storage investments across the UK and Europe, supporting transactions from origination through to closing and portfolio transition. The successful candidate will gain experience across complex cross-border transactions, sophisticated financial analysis and direct interaction with senior stakeholders, developers, lenders and advisers.

• Deal Origination & Screening
  • Support the identification and screening of new BESS investment opportunities through developers, brokers, internal teams and direct market outreach.
  • Conduct market and regulatory research on the UK and European energy storage sector, including power markets, ancillary services, capacity market mechanisms and emerging policy developments.
  • Review project opportunities against the company’s investment strategy, target returns and risk parameters.
• Financial Analysis & Valuation
  • Prepare initial investment summaries and recommendation materials for internal discussion.
  • Perform valuation analysis, including discounted cash flow, comparable transaction and sensitivity analysis.
  • Analyse project assumptions, revenue drivers, downside scenarios and investment risks.
  • Support preparation of internal approval papers, investment committee materials and management presentations.
• Due Diligence & Transaction Execution
  • Coordinate and support the due diligence process across technical, legal, financial, tax, ESG, land, permitting and grid workstreams.
  • Manage data room setup, document organisation and information requests.
  • Coordinate with external advisers, including legal, technical, commercial and tax advisers.
  • Maintain due diligence trackers, issue logs, transaction timetables and risk registers.
• Transaction Documentation & Negotiation Support
  • Support the negotiation of transaction documentation, including SPA, SHA and ancillary agreements, in close coordination with Legal and senior transaction team members.
  • Prepare mark-ups, track redlines, maintain key commercial issue lists and coordinate internal comments.
  • Support the review of key project agreements, including EPC, O&M, LTSA, land lease, grid connection and route-to-market agreements.
  • Coordinate internal approval and document execution processes.
• Transaction Closing & Post-Completion
  • Maintain transaction timelines and critical path trackers across multiple live transactions.
  • Coordinate closing workstreams, including conditions precedent, completion deliverables and funds-flow requirements.
  • Support transaction closing activities and ensure all required documentation is completed in a timely manner.
  • Support post-completion handover and transition activities with internal stakeholders and counterparties.
  • Prepare regular transaction updates and risk reports for senior management.
• Cross-Functional Coordination
  • Work closely with Development teams to ensure land, permitting and grid requirements are adequately documented.
  • Coordinate with EPC and technical teams to assess project readiness, commissioning status and construction-related risks.
  • Collaborate with Finance, Legal, Tax, ESG and Strategy teams throughout the transaction process.
  • Facilitate communication and coordination between UK / European and China-based teams.

• 5–8 years in renewable energy M&A, project finance, transaction advisory, infrastructure investment or related field.
• Experience supporting transactions involving renewable energy or infrastructure assets, ideally including BESS, solar or wind.
• Experience participating in SPA and transaction documentation processes.
• Familiarity with due diligence coordination and transaction execution across multiple workstreams.
• Understanding of UK and European regulatory frameworks applicable to standalone and co-located BESS projects.

• Strong financial modelling and valuation skills, with advanced Excel capability.
• Solid understanding of project finance and cash flow-based valuation methodologies.
• Familiarity with BESS revenue streams, including ancillary services, capacity market, merchant exposure, tolling structures and optimisation agreements.
• Strong negotiation skills, especially on SPA and CP management.
• Understanding of key project contracts, including EPC, O&M, land lease and grid connection agreements.
• Strong analytical, organizational and project management skills.
• High attention to detail and the ability to manage multiple priorities in parallel.
• High execution discipline and ability to run multiple transactions in parallel.
• Excellent cross-functional coordination and stakeholder management.

• Demonstrable experience in leading deal and asset management teams, with a strong commercial mindset.
• Sound knowledge of the full investment life cycle, from origination and acquisition through to asset management and exit.
• Breadth of knowledge across private equity, infrastructure and energy markets, particularly across mainland Europe.
• Commercially focused, with demonstrable investment acumen and excellent relationship-building skills.
• Innovative and analytical approach, with a strong alignment to corporate strategy.

• Willingness to travel regularly between China and the UK / Europe.

We are committed to diversity and inclusivity.