Portfolio Strategy Intern, Southern European Origination (6 months), Düsseldorf, (m/f)
Intern
Business Units: MO - Origination

WORKING IN SOUTHERN EUROPEAN ORIGINATION:

As part of the Origination department, the Southern European Origination team concludes non-standard, structured and often complex transactions in wholesale energy markets in Spain, Portugal, France, and Italy. Thereby, it cooperates closely with Statkraft’s trading desks and the other regional Origination teams to offer pan-European tailored energy solutions. The responsibilities within Southern European Origination are divided into Origination departments for Iberia, France and Italy and a Portfolio Management team in Germany.
While the Origination teams focus on originating, structuring, and negotiating value enhancing new transactions, Portfolio Management prices and manages the entire portfolio exposure in the market across the curve until delivery. 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.
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.

QUALIFICATIONS

• Interest in the renewables and power market.
• Excellent quantitative and analytical skills.
• Proficiency with data analysis/data science in Excel and Python (or R, Matlab, etc.)
• Currently studying Economics, Mathematics, Finance, Engineering, or other relevant analytical field of study and available for a 4- to 6-month internship.
• High level of motivation, structured way of working and able to get things done.
• Able to communicate ideas clearly.
• Fluency in written and spoken English is required.
• Understanding of the power market an advantage.
• Understanding of trading on commodity markets is an advantage

• Support our analysts in building out pricing and valuation tools and integrating them in current Portfolio Management landscape
• Conduct research projects to improve power market modelling and business strategy
• Automate processes related to reporting and data management to help business scale
• Support product development initiatives and projects for Portfolio Management
• 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