Fossefall AS

Oslo

Fossefall is building Europe’s first bankable AI infrastructure platform, transforming Norwegian hydropower and land into sovereign, scalable AI capacity. We structure, finance and own AI infrastructure assets based on Norwegian hydropower.
Join our team as a Project Finance Analyst and play a central role in financing and structuring our first AI factories.
You will work directly with management to build and maintain financial models, prepare investor materials and support financing processes with investors, banks and advisors. Your work will help ensure that our projects move efficiently from concept to financial close.
Main responsibilities 
As Project Finance Analyst, you will contribute directly to building bankable investments in Fossefall’s AI factory projects by: 
• Building and maintaining detailed financial models (CAPEX, OPEX, IRR, capital structure) 
• Preparing Project Information Memorandums (PIMs), investor decks and supporting analyses 
• Supporting due diligence processes and coordinating with investors, advisors and lenders 
• Conducting financial analyses to inform strategic decisions on sites, EPC and offtake agreements 
• Working closely with the CEO, Property Director and Finance team to ensure accuracy and clarity in all financial outputs
Qualifications 
Essential: 
• Degree in finance, economics, engineering or equivalent 
• Strong financial modelling skills (DCF, IRR, project finance) 
• Fluent in English, written and oral
Preferred: 
• 1--5 years of relevant experience from investment banking, project finance, private equity or consulting 
• Experience preparing investor presentations and professional documentation 
• Norwegian language skills
Personal profile 
You are analytical, structured and commercially minded. You take ownership of your work and never stop until the result is delivered. You thrive close to decision-making and are motivated by turning complex ideas into investable, real-world projects.
We offer 
A key role in one of the Nordics’ most ambitious infrastructure companies. You will work closely with senior management and investors, gain deep exposure to project finance and AI infrastructure, and contribute directly to building Norway’s next industrial chapter. We offer professional growth within project finance, AI, and infrastructure, and a flexible work setup aligned with project needs.
About Fossefall 
Fossefall builds, owns and finances AI factories powered by Norwegian renewable energy. We combine local power, land and capital to create Europe’s first bankable AI infrastructure platform. Our first projects are on track for financial close in 2026, with more than 400 MW under active development across the Nordics.

Project Finance Analyst -- build the business case for Norway’s AI factories