TerraForm Power, Inc. 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. 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. 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 & Co, and as a candidate for Governor of Iowa.