Company Description

Sunkofa Energy provides energy services through smart mini-grids powered by renewable energy. The focus of Sunkofa is to provide people with the means to climb the energy ladder via innovative solutions related to electricity (refrigeration, milling, internet…).

Through its presence in Europe and roots in Africa, Sunkofa becomes a bridge between investors and local talent, unlocking the potential of the continent.

Job description

Role brief

We are Sunkofa Energy, a start-up created by several experienced professionals in the energy access sector who is involved in Africa, in particular through the development and operations of solar mini-grids in rural areas. Sunkofa plays a pioneering role in the introduction of new business models in the field of off-grid energy and wishes to use its capacity to innovate and develop the activity of mini-grids in Sub Saharan Africa.

The market potential for energy access in Africa is tremendous with 600 million people without access to electricity in Africa, of which 400 million (according to the Africa Energy Outlook 2019 -IEA) are expected to be electrified through decentralised solutions (mini-grids or solar home systems). The objective of Sunkofa Energy is to scale in Benin where we are currently developing 40 mini-grids. Beyond Benin, the goal is to be a leader of the mini-grid market in the continent with a key role in the development and operations of mini-grids.
We are looking for a Project finance Associate based in Madrid (Spain)/Paris (France). The jobholder will work closely with a global Head Quarters Team to achieve their objectives detailed below.

At Sunkofa, our main core values are: humility (we do not know everything so we like your contributions), commitment (we want people with a key focus on energy access and Africa) and involvement (we expect from you an enthusiastic role within the team). As a Financial and Business Development Associate, you will embody these values.

 

About the role

  • Identify and apply to tenders and grants.
  • Build and update project budget, financial model and business plan.
  • Define project commercial strategy including tariff definition.
  • Provide risk and sensitivity analysis on mini-grid projects.
  • Support fundraising (debt, equity) for identified mini-grid projects including support on Project finance structuration and related negotiations with targeted investors, the definition of supporting contract (shareholder’s agreement, EPC contract, Operation agreement).
  • Support on the valuation of opportunities of M&A or new business models.
  • International travelling may be required.

 

About you

Education and experience required:

  • Bachelor’s Degree in Finance, Economics or Business Administration.
  • Advanced proficiency in Excel (incl. VBA) with experience in building up financial models.
  • Advanced analytical and quantitative reasoning ability and ability to link strategy to financial plans.
  • Experience in project finance and in raising capital for projects.
  • One to three years related experience.
  • Strong interpersonal skills, modesty, and empathy to cooperate with all members of the Sunkofa team.
  • Ability to use data to make smart improvements (when possible).
  • Outstanding written and verbal communications skills (English, French).

Highly desired skills:

  • Education and/or work experience in an emerging economy, preferably in the African continent.
  • Understanding of the energy access and/or renewable energy industries in Africa.
  • The capacity of communicating and involve other people in projects.

Location:

Sunkofa HQ Office – Madrid (Spain) or Paris (France). Other arrangements can be discussed but the first 6 months must be based in one of the locations above mentioned.

Source

Deadline:

31 August 2021