Leadership Transition at Emeren Group
On July 3, 2025, Emeren Group Ltd, a prominent player in global solar energy, announced significant management changes within its North American operations. The departure of Cameron "Mac" Moore as Executive Vice President has paved the way for M. Jahangir Alam to take over the leadership reins immediately. This shift marks a crucial step in the company’s strategic direction, especially as the renewable energy sector experiences transformative growth.
New Leadership Profile: M. Jahangir Alam
M. Jahangir Alam brings nearly 30 years of experience in the renewable energy field. He has held high-ranking positions in various sectors, including finance and mergers and acquisitions (M&A). His past roles have seen him oversee transactions that totaled over $12 billion. Notably, during his tenure at Boralex, he played a pivotal role in establishing the North American M&A team, forging relationships with strategic investors, and spearheading significant transaction opportunities. His most remarkable achievement was the acquisition of a controlling stake in a near 1 GW wind power portfolio, marking the largest deal in Boralex's history and expanding its U.S. asset base from 80 MW to 645 MW in under three years.
Before joining Boralex, Jahangir served as the CFO for Seventus, a firm focused on wind power development, and he founded Alyra Renewable Energy Finance in 2003. His wealth of experience positions him well to steer Emeren Group through its next phase of growth.
Preliminary Q2 2025 Results
Alongside the leadership change, Emeren Group also released preliminary financial updates for the second quarter of 2025. The company anticipates a non-cash impairment of at least $20 million on its global property, plant, and equipment (PPE). This figure primarily reflects an updated fair value assessment of certain power station assets, in accordance with U.S. GAAP standards. Such adjustments are indicative of the rigorous evaluation processes the company undertakes to align its financial reporting with market realities.
Emeren expects to share its comprehensive financial results for the second quarter around mid-August, providing a clearer picture of its operational performance and strategic directives forwarded under new management.
About Emeren Group Ltd
Emeren Group Ltd, listed on NYSE as SOL, stands as a leader in the renewable energy sector, with a diverse portfolio of solar projects and Independent Power Producer (IPP) assets. The company is committed to the entire solar project lifecycle—from development through construction to financing—and emphasizes leveraging local talent to maximize efficiency and impact in sustainable energy solutions.
The shift in leadership and the transparent communication of its financial status reflect Emeren's strategic approach to navigating the competitive landscape of renewable energy, ensuring innovation and environmental responsibility remain at the core of its operations.
Further information is available at
www.emeren.com.