About Baringa

Baringa is a global consulting firm that partners with leaders to drive change and create value. With deep industry expertise, and enabled by advanced technology, the firm helps clients to deliver with greater confidence and certainty. With over 2,000 people across the UK, Europe, North America, Asia and Australia, the firm combines global insight with local understanding.

The firm works across energy and resources, financial services, government and public sector, consumer products and retail, pharmaceuticals and life sciences, manufacturing, and technology, media and telecoms, with capabilities spanning strategy, transformation and operational excellence - all powered by advanced technology, data, AI and digital innovation.

Clients value Baringa's collaborative approach and the way its teams integrate seamlessly - all working with a shared understanding of what matters most. The firm is known for its kind, curious experts who listen closely and care deeply about client success as they help clients transform energy markets, modernise financial platforms, expand telecoms and digital networks through advanced data analytics, enable digital services in government, and unlock growth in consumer sectors.

Certified as a Great Place to Work around the world, Baringa has been recognised by the Financial Times in 22 categories of its UK Leading Management Consultants rankings, and by Forbes for four consecutive years as one of the World's Best Management Consulting Firms.

Our Markets & Transactions practice is looking for Consultants to join our Madrid team, focused on Iberia power markets, renewables and battery storage.

Our Markets & Transactions practice supports leading energy companies, developers, investors,



lenders and infrastructure owners in making strategic investment decisions and navigating the energy transition. We work across the energy value chain, including utilities, IPPs and developers, integrated energy companies, institutional investors and lenders, helping them make informed investment and strategic decisions in rapidly evolving markets.

Our work combines market, technical, commercial and regulatory expertise, enabling us to support clients across the full investment lifecycle, from project development and capital deployment to commercial strategy and new business opportunities.

Within this context, Iberia is one of Europe's most dynamic power markets and a key area of focus for our team. In this role, you will work extensively on renewables, battery storage and flexibility, helping clients understand how assets are valued, contracted, financed and operated across Spain and Portugal. Working alongside market specialists and directly with clients, you will contribute to strategic and investment decisions that support the continued development of the energy transition in the region.

What you will be doing

- Iberian market expertise: Develop and apply a deep, practical understanding of Spanish and Portuguese wholesale power markets, including market design, regulation, network access, balancing and ancillary services, and translate market insights into actionable client advice.
- Battery storage and flexibility: Assess the value of standalone and hybrid storage projects,



including revenue stacking across different markets, impact of current and envolving regulation, and contracted or tolling structures.
- Market and Transactions engagements: Support strategic and transaction-related engagements with leading IPPs, developers, utilities and investors across Iberia, including growth strategy, investment and development strategy, portfolio value creation, commercial optimisation, route-to-market and market access.
- Quantitative analysis and modelling: Build, run and challenge models of market fundamentals, asset revenues, dispatch and commercial performance, and interpret outputs from our in-house market models for clients.
- Transaction support: Contribute to buy side and sell side commercial due diligence assignments across storage, renewables and low carbon infrastructure, helping clients evaluate value drivers, risks and routes-to-market.
- Portfolio and asset insights: Analyse asset dispatch, hedging strategies and portfolio optimisation opportunities, working closely with developers and independent power producers.
- Client delivery and ownership: Take ownership of analytical workstreams and produce clear, well-structured slides, reports and dashboards that turn analysis into practical recommendations. As you progress, you will increasingly lead workstreams, manage day-to-day client interactions and support the development of more junior colleagues.
- Building the Madrid team: Contribute to proposals, thought leadership and the intellectual capital that underpins our Iberian offering, while helping shape the continued growth of the team.

Your skills and experience The adecuado candidate will have experience in several of the following areas: Experience: Up to 3 years of relevant

📌 Consultant - Power Markets Advisory - Iberia (Madrid)
🏢 Baringa
📍 Madrid