Emeren sees Q2 non-cash impairment of no less than $20M

Emeren (SOL) Group announced a leadership transition within its North America operations. Cameron “Mac” Moore, Executive Vice President – North America, has departed the company, and M. Jahangir Alam has been appointed as his successor, effective immediately. Emeren is also providing its preliminary financial updates for the second quarter of 2025. Based on currently available information, the company expects a non-cash impairment of no less than $20M on global property, plant, and equipment, 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.

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