Description
Do you want to
build a career that is truly worthwhile? The World Bank Group is one of the
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poverty and promoting shared prosperity. With 189 member countries and more
than 120 offices worldwide, we work with public and private sector partners,
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The Infrastructure Practice Group
Access to basic infrastructure
services is critical for creating economic opportunities for the poor. The
Infrastructure Practice Group is charged with developing sustainable solutions
to help close infrastructure gaps in developing and emerging economies.
The World Bank
Group helps developing countries build smart infrastructure that supports
inclusive and sustainable growth, expands markets, creates job opportunities,
promotes competition, and contributes to a cleaner future. We help countries
address their unique infrastructure needs by working with the public and
private sectors. Infrastructure improves lives by connecting people to opportunity. For more information: https://www.worldbank.org/en/topic/infrastructure
Unit Overview
The
Infrastructure Energy Global Programs[SMIC1] (IEEES) units – IEES1 and IEES2 – manage donor-funded global energy programs
such as the Energy Sector Management Assistance Program (ESMAP) and energy
climate finance programs. The unit also provides general guidance to Energy and
Extractive Global Practice (EEX GP) in the preparation and management of trust
funds, including acting as focal point for the GP’s strategic fundraising
efforts. Considered an integral part of the EEX GP, ESMAP is a global knowledge
and technical assistance TF program, administered by the World Bank. It
provides analytical and advisory services to low- and middle-income countries
to increase their know-how and institutional capacity to achieve
environmentally sustainable energy solutions for poverty reduction and economic
growth. ESMAP is currently developing its new Business Plan FY25-FY31 under
which Energy Transition is one of the three Pillars – with Access and
Foundation.
Under its on-going US$ 600 million Business
Plan FY21-24, ESMAP has launched the Sustainable Renewables Risk Mitigation
Initiative (SRMI) with multiple Partners focused on deploying renewable energy
(RE) in a sustainable and bankable manner. SRMI aims at supporting governments
to develop and implement sustainable RE programs to attract the private sector
in optimized conditions while reducing reliance on public finances (limited to
critical public investments). RE deployment at the necessary scale is hindered
by critical challenges such as grid integration technical constraints,
off-taker risk, and weak procurement and planning capacity. These barriers
prevent countries from attracting the private investments needed for
accelerating its deployment (see the new SRMI position Paper on “how to unlock
pipelines of bankable RE projects in EMDC: http://documents.worldbank.org/curated/en/099120623171525006/P1742020cf52b60e6096b80854984124388).
SRMI was developed under the leadership of the
World Bank in partnership with AFD, IRENA, ADB, AfDB, GIZ, EBRD, SEforAll and
ISA. SRMI combines (a) technical assistance to support countries (i) develop
evidence-based RE targets based on sound planning, (ii) design and implement a
sustainable RE program and (iii) have robust procurement processes; (b) public
sector investments for critical investments such as (i) grid upgrades and
battery storage for VRE integration, and (ii) solar/wind park public
infrastructures (if any); and (c) risk mitigation instruments to propose
tailored risk mitigation instruments to private investors to cover the residual
risks.
ESMAP-SRMI is organized around five pillars:
1.Fundraising to support World Bank regional teams to access climate financing and bilateral donors’ financing, in particular Green Climate Fund (GCF) and Clean Technology Fund (CTF) financing. The team is structuring innovative risk mitigation instruments with donor/climate financing in partnership with MIGA and the World Bank guarantees team;
2.Operational Support with development of tools to be used by regional World Bank teams, such as knowledge products and financial modeling;
3.Implementation/Operationalization with the development of six working groups on (i) Variable RE (VRE) integration/planning, (ii) risk mitigation instruments for grid-connected RE, (iii) local currency debt development, (iv) Small Islands Development States (SIDS), (v) socio-economic development/gender, and (vi) geothermal. The SRMI team provides hands-on support to the World Bank regional teams, supporting over 20 teams in developing their auction framework;
4. Partnership engagement with the 8 Partners; and
5. Capacity Building for key public stakeholders in client countries with a first pilot in collaboration with GIZ in Sub-Saharan Africa for a cohort of 50 government officials.
Duties and Accountabilities:
The IEES1 unit seeks an ETC under a 2 year Extended Term Consultant (ETC) contract (that can be extended to 3) who will be responsible for providing project management, technical and analytical support to ESMAP Energy Transition Pillar, with a specific focus on the SRMI work with World Bank regional teams for risk mitigation structuring, tender development and risk allocation discussions. The senior specialist will be directly working with the SRMI team based in Paris – two staff leading the SRMI window, and regional experts based in DC and in the field.
As a member of the team, you will become a key representative of ESMAP and SRMI and will have an important level of responsibility and autonomy in advancing SRMI’s objectives around its five pillars (described above). You will report to the Practice Manager of IEES1, performing the following duties:
Lead support to countries where tenders are to be launched in the next 2 years
• Lead discussions with teams and clients on tendering processes and procurement scheme
• Lead structuring of credit enhancement mechanisms for renewable energy projects and in particular solar, onshore wind and battery storage
• Review transaction advisors work and lead with the Regional World Bank team their technical and legal work
Pipeline development
• For countries where the SRMI support is recent, support and lead discussions with the World Bank teams and client to advise on the potential options in terms of RE deployment, public vs private, procurement scheme for the project and structuring of the potential deal
• Co-lead the development of the Financial Innovation Window, in particular on the structure of the new instruments
Support with internal and external stakeholder outreach
• Assist in fundraising efforts with donors
• Assist in coordination and outreach to the SRMI partners
• Support preparation of SRMI event briefs and talking points
Selection Criteria
• Advanced degree (master’s) is required in a relevant field (e.g., Law, International Business, Public Policy, engineering, or related field).
• At least 8 years of experience of relevant experience in renewable energy is required, an experience with RE tenders and deals is necessary and having done so in developing countries is a plus.
Experience with deal structuring for privately-financed renewable energy projects and business development.
• Experience at an IPP or an EPC under business development role a plus.
• Experience with challenges, risks and bottlenecks faced by the private sector to deploy low-carbon projects.
• Active listening skills, excellent interpersonal skills, able to influence the audience and build positive relationships with clients, different partners and colleagues across units and departmental boundaries in a multi-cultural environment with disperse teams located in different countries.
• Experience working with large global teams, producing high-quality results and outputs with minimal supervision.
• Ability to work independently, taking initiative, and flexibility in quickly adjusting to changing work program requirements.
• Excellent oral and written communication skills, including an ability to communicate complex issues in simple terms and to engage in evidence-based dialogue with clients.
• Proficiency in spoken and written English. Knowledge of other languages is highly valued (Portuguese, French, Russian, and Spanish in particular).
World Bank Group Core Competencies
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Note: The selected candidate will be offered a one-year appointment, renewable at the discretion of the World Bank Group, and subject to a lifetime maximum ET appointment of three years. If an ET appointment ends before a full year, it is considered as a full year toward the lifetime maximum. Former and current ET staff who have completed all or any portion of their third-year ET appointment are not eligible for future ET appointments.