M&A; Associate Si candidi tempestivamente Tempo pieno The role is based in Milan with a hybrid working model, including regular presence in the office and close collaboration with the Sky Distributed Energy team and our local platform businesses in Italy and Portugal. The position will require regular travel, particularly within Italy and Portugal, as well as occasional travel to other European markets. Sky Distributed Energy is a pan-European distributed energy business backed by Sky, a renewable energy fund managed by Octopus Energy Generation. We develop, finance, own and operate decentralised energy assets across Europe through our local operating platforms, including Coralsun in Italy and SparkWave Energy in Portugal and Spain. Our activities span behind-the-meter solar, small-scale distributed generation, battery storage and other energy-transition solutions for commercial and industrial customers. As the business grows, acquisitions of third-party projects and portfolios are becoming an increasingly important complement to our internally developed pipeline. Opportunities range from individual or portfolios of Ready-to-Build (RtB) projects to operating renewable-energy assets, including behind-the-meter projects, Portuguese UPP portfolios and Italian FER X portfolios. We are looking for an M&A; Associate – Southern Europe to join our investment team and support the origination, assessment and execution of transactions across Southern Europe, with an initial focus on Italy and Portugal. You will work closely with the Head of Investments, Coralsun and SparkWave management teams, and the wider Sky Distributed Energy and Octopus Energy Generation teams. You will play a key role in executing acquisitions of renewable‐energy projects and portfolios,



from initial screening through due diligence, investment approval, negotiation and closing. Support and progressively manage acquisition processes from initial assessment through signing and completion, covering RtB, construction-stage and operational distributed‐energy assets. Own transaction timetables, information requests, data rooms, due diligence trackers and advisor workstreams. Financial modelling & valuation Own and maintain financial models for project and portfolio acquisitions. Translate technical, commercial, regulatory and contractual assumptions into robust investment cases. Analyse cash flows, acquisition consideration, development premiums, operating performance, tax assumptions and expected investment returns. Perform valuation analysis for operating assets and RtB portfolios. Review and challenge vendor models and underlying assumptions. Help develop standard acquisition models and valuation tools across Sky Distributed Energy. Due diligence & investment risk Coordinate financial, commercial, legal, tax, technical, ESG and development due diligence with internal teams and external advisors. Define proportionate due diligence scopes based on transaction size, complexity, development stage and risk. Critically assess advisor findings and identify the issues that materially affect the investment case. Develop reusable due diligence checklists and transaction playbooks,



including for recurring acquisition types such as UPP and FER X portfolios. Investment approvals Prepare high-quality investment papers, transaction summaries and approval materials. Coordinate inputs from investment, development & construction, legal, tax, ESG, asset management and finance teams. Support responses to questions from Sky Distributed Energy management, Boards and the Octopus Energy Generation investment team. Assess alternative transaction structures including share purchases, asset purchases, project-right acquisitions, deferred consideration and milestone-based payments. Review key commercial provisions in transaction documentation and ensure alignment with the financial model and investment case. Support negotiations around purchase price mechanisms, milestones, warranties, indemnities, guarantees and completion conditions. Support transaction closing and the subsequent handover of acquired projects to development, construction or asset‐management teams. Screen and prioritise inbound acquisition opportunities. Work with local platform teams to identify attractive acquisition themes and counterparties. Build a strong understanding of renewable‐energy frameworks and their impact on project economics, particularly in Italy, Portugal and Spain. Technology, AI & process improvement We want to use technology to execute a growing number of relatively granular transactions without proportionally increasing the size of the transaction team. AI-enabled and data-driven transaction processes , including: automated extraction and comparison of information across project portfolios; AI-assisted data-room and document review; automated due diligence trackers and

📌 Associate Dutch Speaking (Italia)
🏢 Coralsun
📍 Italia