BETHESDA, Md., Feb. 16, 2017 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq:TERP), an owner and operator of clean energy power plants, today announced the election of an independent director, Christian S. Fong, to the Company’s Board of Directors, effective February 12, 2017. In conjunction with Mr. Fong's election, Messrs. Gregory Scallen and David Ringhofer have both resigned from the TerraForm Power Board.

“We are excited to welcome Christian Fong to the TerraForm Power Board of Directors,” said Peter Blackmore, TerraForm Power’s Chairman and Interim Chief Executive Officer. “Christian has significant expertise in the renewable energy industry and his expertise will strengthen our Board’s operational expertise as we continue to establish TerraForm Power as an independent company and conduct our strategic alternatives process.”

Blackmore continued, “On behalf of the entire TerraForm Power team, we thank Gregory Scallen and David Ringhofer for their service and wish them well in their future endeavors.”

Mr. Fong is expected to stand for reelection at TerraForm Power’s next annual meeting of shareholders. With the election of Mr. Fong, the number of independent directors on TerraForm Power’s Board increased from seven to eight members.

About Christian S. Fong

Mr. Fong is the Managing Partner of Fong Strategic Consulting L.L.C., where he serves as an executive consultant to real asset, cleantech and financial services firms. Mr. Fong co-founded Renewable Energy Trust Capital (“RET”) in 2010 and served in multiple executive roles through 2016, including as RET’s COO, CIO, CFO and Director. Prior to founding RET, Mr. Fong was a Managing Director and Head of Real Estate Capital Markets at AEGON / Transamerica and previously served as CEO of Corridor Recovery, Inc., as a consultant at McKinsey & Company, and as a candidate for Governor of Iowa. Mr. Fong holds an M.B.A. with High Distinction from Dartmouth College’s Tuck School of Business, and a B.S. in Statistics, summa cum laude, from Creighton University. He has earned the CFA and CCIM designations.

About TerraForm Power

TerraForm Power is a renewable energy company that is changing how energy is generated, distributed and owned. TerraForm Power creates value for its investors by owning and operating clean energy power plants. For more information about TerraForm Power, please visit: www.terraformpower.com.