TerraForm Power Announces Election Of Three Independent Directors

BETHESDA, Md., Nov. 23, 2016 (GLOBE NEWSWIRE) -- TerraForm Power, Inc. (Nasdaq:TERP) (the "Company"), an owner and operator of clean energy power plants, today announced the election of three independent directors, Kerri L. Fox, Edward "Ned" Hall and Marc Rosenberg to the Company's Board of Directors, effective immediately.

"We are excited to welcome Kerri, Ned and Marc to the TerraForm Power Board, and look forward to benefiting from the diverse skillsets they bring to the table," said Peter Blackmore, TerraForm Power's Chairman and Interim Chief Executive Officer. "As leaders in their respective industries, Ned, Kerri and Marc will bolster our Board with significant experience in finance, energy and corporate governance, critical areas for TerraForm Power. We believe adding these unique and independent perspectives to the Board will enable us to further strengthen the Company while continuing to enhance value for stockholders."

Ms. Fox, Mr. Hall and Mr. Rosenberg will stand for reelection at TerraForm Power's next annual meeting of stockholders. With the addition of the three directors, TerraForm Power's Board will expand from seven to ten members, six of whom are independent under NASDAQ rules.

About Kerri L. Fox

Ms. Fox has more than 20 years of experience structuring and executing financings for energy and infrastructure projects globally, including multiple wind and solar transactions. Until September 2016, Ms. Fox served as Managing Director and Head, Project Finance, North America for BBVA Securities Inc.  Prior to joining BBVA, Ms. Fox ran the Global Export and Project Finance business for Fortis Capital Corp. from New York, and held various roles in the Structured and Project Finance Group at Deutsche Bank. Ms. Fox began her career as an attorney at Milbank, Tweed, Hadley & McCloy. She currently also serves on the Board of Directors of Alterra Power Corp., a Vancouver-based developer, owner and operator of wind, solar, hydro and geothermal assets. Ms. Fox has a JD from Harvard Law School and an AB in International Relations and Russian Studies from Brown University.

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