Team Lead- Solar Module Procurement_SM

About Company

Overview

ReNew is a leading decarbonisation solutions provider and the first Indian clean energy company to list on Nasdaq (Nasdaq: RNW). With 18.5 GW of commissioned and pipeline utility-scale projects, we are a global company with strong Indian roots. Founded in 2011, ReNew is at the forefront of fighting climate change by offering decarbonisation solutions through utility-scale wind and solar offerings, green hydrogen, carbon markets, and energy storage. ReNew has been a pioneer in leveraging digital technologies to accelerate the transition to green energy and address the unique requirements of the B2B segment in India, where we are the market leader. Our mission is to play a pivotal role in meeting India's growing energy needs in an efficient, sustainable, and socially responsible manner. ReNew is the world's first clean energy company to be recognised as a Lighthouse by the World Economic Forum. In 2023, we were recognised among 'Top 15 Climate Tech Companies to Watch' by the MIT Technology Review. We are a recipient of the Sustainable Market Initiative's Terra Carta Seal. The COP28 UAE Presidency presented ReNew the 'Energy Transition Changemaker' award for developing and deploying the country's first round-the-clock power project. ReNew's solar and wind energy projects currently contribute to 1.9% of India's power capacity and are spread across 150+ sites and 18 Indian states. We have helped prevent 0.5% of India's total carbon emissions and 1.1% of India's total power sector emissions, in addition to generating around 130,000 jobs over the past decade.

Job Description

KEY ACCOUNTABILITIES:

1. Costing & Price Benchmarking (Solar)
   
   •  Provide component wise (Solar Module and BOM etc. ) costing & updated industry benchmarks to bidding and BD teams to ensure optimal IRRs while bidding
   
   •  Develop bottom-up cost models for key solar components:
   
   •  Conduct cost breakdown analysis (BOM) to determine target pricing for procurement.
   
   •  Benchmark supplier costs across domestic & international markets to optimize sourcing.
   
   •  Track commodity price fluctuations (steel, aluminium, copper, and logistics) and assess cost impact on above Solar BOM components. As a subject matter expert track commodity price trends based on geopolitical events and suggest sourcing / hedging strategies to be ahead of curve
   
   
2. Commercial & Vendor Negotiations
   
   •  Support price negotiations with solar suppliers using detailed cost models.
   
   •  Structure long-term supply agreements (LTAs), volume discounts, and risk mitigation strategies.
   
   •  Work closely with the supply chain & procurement teams to drive cost savings, delivery schedules, & supplier performance.
   
   •  Evaluate vendor proposals from a commercial & technical perspective.
   
   •  Prepare and manage Solar Module supply agreements and other key Solar component contracts aligned with best of industry terms and condition.
   
   

3. Supply Chain Strategy & Procurement Support
   
   •  Identify strategic sourcing opportunities for reducing total cost of ownership (TCO).
   
   •  Analyse import duties, taxes, and logistics costs to optimize procurement strategies.
   
   •  Collaborate with engineering, procurement, and finance teams for cost-effective vendor selection.
   
   •  Track government policies (ALMM, BCD, GST, ISTS waivers, PLI scheme) on Solar industry and its impact on our supply chain strategy
   
   •  Analyse import duties, taxes, and logistics costs to optimize procurement strategies.
   
   •  Ensure compliance with supply chain risk mitigation, quality & sustainability requirements.
   
   •  Work closely with the central supply chain & procurement teams, engineering teams to drive cost savings via negotiations, delivery schedules, & supplier performance.
   
   •  Develop and implement cost-effective procurement strategies to optimize project budgets. Continuously evaluate market trends and pricing to identify cost-saving opportunities. Collaborate with the project team to control procurement expenses and achieve cost targets.
   
   •  Materials and Inventory Management: Maintain accurate records of inventory levels, ensuring that project sites have the necessary materials and equipment. Oversee the ordering and delivery of materials, coordinating with project schedules to avoid delays.
   
   Core Skills:

4. Experience of 2 GW+ Sourcing procurement for Solar Module

5. BOM Vendor management & negotiation
6. Supply chain & contract expertise
7. Leadership & team management
8. Knowledge of solar Module BOS procurement
9. Contract Management
10. Sourcing from Domestic Manufacturing and Import Procurement