Emeren Group Announces North America Management Change and Preliminary Q2 2025 Operating Results

Leadership Transition - Emeren Group Ltd announced a leadership transition in its North America operations, with Mr. Cameron "Mac" Moore departing and Mr. M. Jahangir Alam appointed as his successor effective immediately [1] About M. Jahangir Alam - M. Jahangir Alam brings nearly three decades of experience in the North American renewable energy industry, with a background in executive leadership, finance, and M&A, having been involved in transactions totaling over $12 billion [2] - Previously, Jahangir was a key member of the senior leadership at Boralex, where he led the North American M&A team and was instrumental in acquiring a controlling interest in a ~1 GW wind power portfolio, marking the largest acquisition in Boralex's history [3] Preliminary Q2 2025 Operating Results - Emeren expects a non-cash impairment of no less than $20 million on global property, plant, and equipment (PPE), primarily due to an updated fair value assessment of certain power station assets in accordance with U.S. GAAP [5] - The company plans to release its full financial results for Q2 2025 around mid-August [5] Company Overview - Emeren Group Ltd is a leader in renewable energy, focusing on solar projects and Independent Power Producer (IPP) assets, with a significant global Battery Energy Storage System (BESS) capacity [6] - The company specializes in the entire solar project lifecycle, from development through construction to financing, leveraging local talent to ensure efficient and impactful sustainable energy solutions [6]