Project Finance Analyst

Finance Chicago, Illinois


Who We Are 
The energy transition is accelerating, broadening, and deepening. But bottlenecks remain. High-quality development projects, advanced by management teams with the experience and capital necessary to deliver investable infrastructure at scale remain a scarce resource in many global markets.

​Bluestar Energy Capital is focused on addressing this scarcity. Through a combination of establishing our own regional development platforms as well as controlling investments in existing platforms, our mission is to be one of the largest investors of project development capital globally.

Owned by a management team with an extensive global track record in wind, solar, and storage, we bring both institutional scale and an owner’s attention to detail to managing project and market risk.

​We are patient, creative, and invest at the scale needed to drive the energy transition. BEC is headquartered in Chicago, IL with offices in Austin, TX and Dublin, Ireland. The company was founded in 2022 by Declan Flanagan, who remains the controlling shareholder. 

About the Role
Reporting to the President, the Project Finance Analyst will provide project development and investment support through extensive research and modeling. Your role will support both our global investment company and the regional development companies supporting a wide range of stakeholders. This is a hybrid role based in Chicago or Austin, but we will consider remote candidates with the expectation of 20% travel to either location.

  • Develop and refine project finance models and analysis across all forms of renewable energy at the project, portfolio and enterprise level.
  • Support investment decisions for project development, joint-venture partnerships, and new technology investments for Bluestar and its development companies
  • Maintain detailed financial models for each transaction from the start of the development process through the financial close
  • Model various financial structures, to include tax equity and debt, across multiple different regions and markets.
  • Develop pricing models for revenue contracts such as purchase power agreements (PPAs), hedges, and energy storage agreements
  • Present recommendations to leadership and internal stakeholders, including identifying project economic or financial risks, advise on investment structures and expected investment returns
  • Explain project economics and risks in review committees, and prepare the financial analysis required for the Investment Committee
  • Develop and maintain relationships with counterparties
  • Monitor changes to global policies and economics to communicate new opportunities or shift in strategy
  • Support senior team members in the structuring, negotiating, and execution of transactions
  • Develop and document financing, valuation, and modeling best practices

About You  
You bring a breadth of experience including complex financial modeling, financial theory, investment analysis and structuring.  You are comfortable working in a fast-paced, fluid environment and are comfortable taking the initiative to develop processes as the organization matures.   

  • Undergraduate degree in economics, finance, accounting, or engineering; graduate degree in a quantitative discipline is preferred
  • 3+ years of experience in a commercial or analytic role with a renewable energy company or consulting firm focused on energy.
  • Extensive knowledge of, and modeling experience with tax equity structures, tax credits, and the Inflation Reduction Act (IRA)
  • Prior experience with investment analysis within a renewable energy company or energy consulting firm
  • Proven ability to build complex financial models
  • Technologically adept including expert-level Excel, Power BI, other data analytic programs, and PowerPoint
  • Strong communication skills and a desire to disseminate information to internal and external stakeholders
  • Ability to work on time-sensitive issues and willingness to work outside of normal business hours to speak with international colleagues

A diverse and inclusive team is critical to innovation. Please get in touch even if you don’t match these qualifications 100%.


  • Unlimited PTO policy which recommends taking 25 days annually
  • Encouragement to take PTO with a pre-tax vacation stipend
  • Above average 401k match
  • Generous professional development and/or degree program reimbursement policies
  • 100% paid parental leave for all new parents
  • Comprehensive medical, vision, dental insurance policies including HSA & FSA accounts

Bluestar Energy Capital is an Equal Opportunity Employer that recruits and hires qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, ancestry, citizenship, disability, or veteran status.