Emeren Group Ltd announced a leadership transition within its North America operations, with Mr. Cameron 'Mac' Moore, Executive Vice President - North America, departing the company. Mr. M. Jahangir Alam has been appointed as his successor, effective immediately, bringing nearly three decades of experience in the North American renewable energy industry.
The company also provided preliminary financial updates for the second quarter of 2025, expecting a non-cash impairment of no less than $20 million on global property, plant, and equipment. This impairment is primarily related to certain project assets.
This management change in a key region, coupled with a significant non-cash impairment charge, indicates operational adjustments and potential revaluation of assets. Emeren expects to release its full financial results for the second quarter of 2025 around mid-August.
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