TerraForm Global Announces rian Wuebbels Named President and CEO; Rebecca Cranna Named CFO and Peter Blackmore To Board of Directors to Drive Organizational Alignment

TerraForm Global, Inc. GLBL, a global owner and operator of clean energy power plants, today announced a series of changes to its senior management team and board of directors aimed at aligning the company's strategic focus around acquiring projects from its Sponsor, SunEdison, with less reliance on third party acquisitions. Brian Wuebbels has been named president and chief executive officer and Rebecca Cranna has been named chief financial officer, effective immediately. They will succeed Carlos Domenech and Alejandro Hernandez, respectively, who are departing TerraForm Global. Mr. Domenech will no longer serve on the company's board. Mr. Wuebbels currently serves as executive vice president and chief financial officer of SunEdison, Inc. SUNE and will continue in that capacity. He has served as chief financial officer of SunEdison since 2012 and prior to that, held various management roles with the company since 2007. Before joining SunEdison, he served in various senior finance and operating roles at Honeywell and General Electric Company. Ms. Cranna most recently served as senior vice president and chief financial officer, Global Asset Management for SunEdison which she joined in 2014. Previously, she was chief financial officer at Silver Ridge Power from 2010 until 2014. Prior to that, she served as a vice president of AES Corporation from 2006 to 2009. From 1992 through 2006, she served at AES in various positions of increasing responsibility. "I look forward to joining TerraForm Global as we continue building on the geographic diversity and balanced mix of contracted solar and wind power plants that form the backbone of the company's strong portfolio," said Mr. Wuebbels. "I look forward to working with the team to leverage our organic development platform to increase cash flow generation and maximize shareholder value." In addition, the company announced changes to its board of directors. Peter Blackmore, Jack Jenkins-Stark and Christopher Compton were appointed by SunEdison as additional board members. All three were determined to be independent under applicable stock exchange rules. Together with Mr. Hanif "Wally" Dahya, these new board members bring the number of independent directors up from three to four. Peter Blackmore will succeed Ahmad Chatila as chairman of the board. Mr. Chatila will continue to serve as a director of the company. Mr. Blackmore will also serve as chairman of the company's corporate governance and conflicts committee. The other members of that committee will be Messrs. Jenkins-Stark and Compton. Messrs. Jenkins-Stark and Compton will also be serving on the company's audit committee, together with Mr. Hanif "Wally" Dahya, who will continue to serve as the audit committee chair. The appointments of Messrs. Blackmore, Compton and Jenkins-Stark were followed by the resignations from the board of Francisco "Pancho" Perez Gundin, Mark Florian, Mark Lerdal and Steven Tesoriere. "I firmly believe that TerraForm Global has a tremendous set of assets and a strong position in the market," said Mr. Blackmore. "The changes we announced today will both streamline our operations from a management perspective and create the appropriate checks and balances at the board level." Mr. Blackmore continued, "With Brian and Becky's strong backgrounds in energy finance and operations, and the significant experience Chris and Jack add to our board, we are well-positioned to drive execution and renewed strategic focus throughout the company. On behalf of the board, we are committed to working with Brian and the entire management team to execute on our organic growth strategy and deliver significant value for shareholders."