What Happened?
Bethesda, Maryland-based TerraForm Power has Resigned Pancho Gundin as Chief Operating Officer.
About the Company
We are a global renewable energy company and are helping change the way renewable energy is generated, distributed, used and owned. TerraForm Power creates value for its investors by owning and operating high quality solar power portfolios around the globe. We believe we have a responsibility to transform the future by producing energy that is sustainable and environmentally friendly. With demand for energy growing, together with increasingly scarce natural resources, developing home grown renewable resources like solar is vital. The demand for renewable power is growing rapidly. As energy markets around the globe move toward achieving grid-parity, the point where renewable energy can produce electricity at a cost equal to or lower than more traditional power generation methods, we believe there are attractive opportunities for us to grow our project portfolio. Our portfolio of assets has been acquired from a range of the most reliable and highest quality energy providers around the globe. While we own and operate some of the world’s most technologically advanced solar installations, we intend to acquire other clean power generation assets including wind, geothermal, hydroelectric and hybrid energy solutions where the right opportunities present themselves with a goal to provide power to our customers around the clock. We believe we are ideally positioned to capitalize on the growth in renewable power generation.
About the Person
Pancho is the Executive Vice President and COO for TerraForm Power. Pancho served as the President of SunEdison Europe, Middle East, and Latin America for five years. Pancho managed and supervised all the business development activities and was responsible for the commercial, operational and financial performance and the deployment of teams throughout these regions. During Pancho’s tenure as President, his team interconnected some of the flagship projects of the company, including Rovigo, 70MW in Italy and Amanecer Solar CAP, 100MW project in Chile. Before joining SunEdison, Pancho developed extensive experience in managing international operations from Universal Pictures’ International Entertainment, where he rose through the company as Financial Director in Italy and Brazil, Vice President and Financial Director for Europe and finally Financial Director for the entire company. Pancho is a graduate in International Business and has completed an MBA at the Universidad Pontificia de Comillas.
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