Analyst – Power

About Baringa
We set out to build the world's most trusted consulting firm – creating lasting impact for clients and pioneering a positive, people-first way of working. We work with everyone from FTSE 100 names to bright new start-ups, in every sector.

You'll find us collaborating shoulder-to-shoulder with our clients, from the big picture right down to the detail: helping them define their strategy, deliver complex change, spot the right commercial opportunities, manage risk, or bring their purpose and sustainability goals to life. Our clients love how we get to know what makes their organisations tick – slotting seamlessly into their teams and being proudly geeky about solving their challenges.

We have hubs in Europe, the US, Asia and Australia, and we work all around the world - from a wind farm in Wyoming to a boardroom in Berlin. Find us wherever there's a challenge to be tackled and an impact to be made.

Our Power and Low Carbon Solutions practice are looking for new graduates or individuals with up to 2 years of revelavant experience to join the team in Madrid (preferred), with the opportunity to locate in our offices in Dusseldorf or Copenhagen.

Baringa's market leading Power & Low Carbon Solutions (PLCS) practice works with clients across the energy value chain - utilities, independent power producers, developers, network companies, commodity traders, industrials, investors, policymakers and regulators. We combine deep market, technical, commercial and regulatory expertise to help clients develop projects, deploy capital, and optimize value across the energy transition, including renewables, storage, clean molecules and low carbon infrastructure.

What you will be doing

• Market & strategy support: Contribute to market assessments on Iberian wholesale power, emerging technologies (e.g., renewables, storage, PtX/clean molecules) and business models to inform corporate or investment strategies.
• Quantitative analysis & modelling: Build and maintain datasets and simple models to assess market fundamentals, asset revenues and commercial performance (e.g., renewables and flexible resources such as batteries, pumped storage and demand response).
• Transaction support: Assist in buy and sell-side commercial due diligence for renewables, storage and early stage low carbon assets, helping evaluate value drivers, risks and routes to market.
• Portfolio & asset insights: Help prepare analytics on asset dispatch, hedging concepts and portfolio optimization, working closely with developers and independent power producers.
• Tenders & auctions: Support teams in structuring and pricing bids for competitive government tenders/auctions across Iberia.
• Client deliverables: Create clear, well structured slides, memos and dashboards that turn analysis into practical recommendations for clients.

Your Skills And Experience
A well-rounded candidate should demonstrate a balance of strengths across these key areas:

• Education: Bachelor's or Master's degree in Engineering, Business Analytics, Mathematics, or related field.
• Experience: Internships or up to 2 years' experience in energy, consulting, finance, data analytics or a related area (graduates welcome).
• Analytical skills: Strong problem solving and quantitative capability; proficiency in Excel/PowerPoint; familiarity with Python/R/SQL/Power BI is a plus.
• Energy market interest: Understanding (or strong motivation to learn) the fundamentals of Iberian wholesale electricity markets, market design, regulation and commercial structures.
• Domain exposure: Interest or initial experience in valuation of renewables and storage, routes to market, and flexible resources (batteries, pumped storage, DSR).
• Communication: Clear written and verbal communication, able to translate analysis into concise narratives and slides for clients.
• Ways of working: Organized, proactive, adaptable and comfortable working in small, blended teams.
• Languages: Spanish and English (advanced/C1) required; Portuguese is a plus. For roles based in Dusseldorf or Copenhagen, German or Danish (advanced/C1) is required.

What a career at Baringa will give you

Putting People First.

Benefits
Baringa is a People First company and wellbeing is at the forefront of our culture. We recognise the importance of work-life balance and flexible working and provide our staff amazing benefits. Some of these benefits include:

• Generous Annual Leave Policy: We recognise everyone needs a well-deserved break. We provide our employees with 5 weeks of annual leave, fully available at the start of each year. In addition to this, we have introduced our 5-Year Recharge benefit which allows all employees an additional 2 weeks of paid leave after 5 years continuous service.
• Flexible Working: We know that the 'ideal' work-life balance will vary from person to person and change at different stages of our working lives. To accommodate this, we have implemented a hybrid working policy and introduced more flexibility around taking unpaid leave.
• Corporate Responsibility Days: Our world is important to us, so all our employees get 3 every year to help social and environmental causes and increase our impact on the communities that mean the most to us.
• Wellbeing Fund: We want to encourage all employees to take charge and prioritise their own wellbeing. We've introduced our annual People Fund to support this by offering every individual a fund to support and manage their wellbeing through an activity of their choice.
• Profit Share Scheme: All employees participate in the Baringa Group Profit Share Scheme so everyone has a stake in the company's success.

Diversity and Inclusion

We are proud to be an Equal Opportunity Employer. We believe that creating an environment where everyone feels a sense of belonging is central to our culture and that diversity is paramount to driving creativity, innovation, and value for our clients and for our people.

An award-winning workplace

You can be a part of our 'Great Place to Work' – with our commitment to women and well-being in the workplace for all. Click here to see some of our recent awards and how we've achieved this.

Using business as a force for good.

We maintain high standards of environmental performance and transparency, which can be seen through our commitment to Net Zero with our SBTI-verified Scope 1, 2 and 3 emissions reduction targets and our support of the Better Business Act. We report our progress publicly and ensure that we are also externally assessed and scored through organisations like CDP and EcoVadis - helping us to continually identify where we can improve.

We have a long legacy of supporting the communities in which we work, and offer a variety of ways to contribute, by putting people first and creating impact that lasts. Our Corporate Social Responsibility (CSR) agenda is about giving back to the communities in which we live and work by sharing our skills, talent and time. In essence, we aim to empower and encourage everyone in the firm to contribute to the things we care about, and support registered charities and organisations with a clear social or environmental purpose to increase the positive impact they can have.

Join us

All applications will receive consideration for employment without regard to race, ethnicity, religion, gender, gender identity or expression, sexual orientation, nationality, disability, age, faith or social background. We do not filter applications by university background and encourage those who have taken alternative educational and career paths to apply. We would like to actively encourage applications from those who identify with less represented and minority groups. We operate an inclusive recruitment process, ensuring reasonable adjustments where needed. Please contact a member of our Recruitment Team to discuss further.

Baringa Privacy Notices

For UK & EU
Your personal data will be retained by Baringa for up to two years, in accordance with our UK Recruitment Privacy Notice / EU Recruitment Privacy Notice, to evaluate your application and meet our legal and reporting obligations. In line with the General Data Protection Regulation (GDPR), you have the right to request access to, rectification, or erasure (subject to legal limitations) of your personal data. For more information, please contact us at

For the USA
Your personal data may be retained by Baringa for up to two years, as outlined in our Recruitment Privacy Notice (AMER & APAC), to support the recruitment process and internal reporting requirements. Where applicable, and in accordance with relevant federal and state laws, you may have the right to request access to or correction of your personal information. For further details, please contact

For Australia & Singapore
Your personal data will be retained by Baringa for up to two years, in accordance with our Recruitment Privacy Notice (AMER & APAC), to assess your application and meet applicable reporting and legal obligations. In line with the Australian Privacy Act and Singapore's Personal Data Protection Act (PDPA), you may have rights to access, correct, or request limited deletion of your personal data. For more information, please contact us