TerraForm Power Appoints Alejandro Hernandez As CFO

(RTTNews) - TerraForm Power, Inc. (TERP) said Wednesday that it has appointed Alejandro Hernandez as Executive Vice President and Chief Financial Officer, effective September 29, his start date with the company.

Hernandez replaces Sanjeev Kumar, who will return to EverStream Energy Capital Management in San Francisco, California to continue to work with SunEdison and TerraForm Power on joint projects and strategic initiatives. Kumar has agreed to be available for assistance during the transition period.

Prior to joining TerraForm Power, Hernandez was Managing Director in the Investment Banking Division of Goldman, Sachs & Co. (GS). Hernandez joined Goldman Sachs in August 2005 and was named Managing Director in November 2012. In that role, Hernandez was responsible for primary coverage of North American energy companies in the power, utility and renewable energy sectors, and provided strategic and capital markets advice to management teams and Boards of Directors. He has advised SunEdison since 2007 on many of the company's key strategic initiatives and financing transactions. Most recently, he headed the Goldman Sachs team that served as lead bookrunner and structuring agent for TerraForm Power's initial public offering.