Emeren Group announces North America leadership change and Q2 2025 preview

NORWALK, Conn., July 4, 2025 /PRNewswire/ -- Emeren Group Ltd ("Emeren" or the "Company") (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced a leadership transition within its North America operations. Mr. Cameron "Mac" Moore, Executive Vice President - North America, has departed the Company, and Mr. M. Jahangir Alam has been appointed as his successor, effective immediately.

About M. Jahangir Alam

M. Jahangir Alam is a seasoned leader in the North American renewable energy industry, with nearly three decades of experience spanning executive leadership, finance, and M&A. He has held key roles as an operator, financier, and advisor, and has been involved in transactions totaling over $12 billion in value.

Most recently at Boralex, Jahangir served as a key member of the senior leadership and led the establishment of the North American M&A team, development of strategic investor and investment banking relationships, and origination of bespoke transaction opportunities. Jahangir originated on a bilateral basis and led the acquisition of a controlling interest in a ~1 GW operating wind power portfolio, which was the largest ever acquisition in Boralex's history. Through these transactions Boralex's US asset base increased from 80 MW to 645 MW in less than three years.

Previously, Jahangir served as the CFO at Seventus, a wind power development firm, and the president of Alyra Renewable Energy Finance, an M&A advisory boutique he founded in 2003.

Preliminary Q2 2025 Operating Results

Emeren is also providing its preliminary financial updates for the second quarter of 2025. Based on currently available information, the Company expects the following:

• A non-cash impairment of no less than $20 million on global property, plant, and equipment (PPE), primarily reflecting an updated fair value assessment of certain power station assets in accordance with U.S. GAAP.

Emeren expects to release its full financial results for the second quarter of 2025 around mid-August.