SECAUCUS, N.J. and BOULDER, Colo., Feb.
14, 2013 /PRNewswire/ -- Panasonic Eco Solutions North
America announces that it has signed an exclusive multi-year solar
photovoltaic (PV) solutions development agreement with Coronal
Management LLC. The agreement highlights Panasonic efforts to bring
the only comprehensive, end-to-end solution for solar PV projects
from 250 kilowatts up to 20 megawatts to the commercial,
industrial, municipal, and small utility sectors. Together, the two
companies aim to develop, build and operate a portfolio of solar PV
systems in the United States and
Puerto Rico.
"The agreement with Coronal Management brings additional
momentum to our platform as we become an integrated solar energy
solution provider for customers with a shared understanding of the
value of solar energy production and sustainability, both on the
bottom line and from an environmental perspective," said
Jamie Evans, managing director,
Panasonic Eco Solutions North America. He continued, "We are
committed to developing and promoting eco solutions, and with
Coronal we can deliver more value for our customers."
The Panasonic and Coronal offering provides a single solution
that includes financing, development, engineering, procurement and
construction (EPC), as well as operations and maintenance (O&M)
for the life-cycle of its installed solar systems. With its
formidable financial strength, engineering and project management
expertise, active environmental commitment and a robust system
performance guarantee, Panasonic solutions will benefit both
customers and partners for decades to come.
The leadership of Coronal Management brings over 80 years of
unparalleled experience, expertise and success in investment and
asset management, as well as a strong record of success in solar PV
project development and financing. With the capability to bring to
market a complete financing and asset management solution for
scalable solar PV projects, the combination of Panasonic and
Coronal results in a complete development, implementation,
financing, and maintenance solution for solar systems.
"Working with Panasonic, we firmly believe we offer a truly
unique platform to create the optimal, end-to-end solution for
commercial, industrial, municipal and small utility solar PV
projects," said Jonathan Jaffrey,
CEO of Coronal Management. "This agreement allows Panasonic and
Coronal to fill a critical gap in the solar market, with the
potential to bring hundreds of solar projects into production,
generating power for our customers, spurring the economy and
helping the environment."
About Panasonic Eco Solutions North America
Panasonic
Eco Solutions North America is a division of Panasonic Corporation
of North America, the principal
North American subsidiary of Panasonic Corporation (NYSE: PC). The
company provides a full range of renewable energy and energy
efficiency solutions including the planning, implementation,
financing, and maintenance to corporate and private sector
organizations in both the U.S. and Canada. To learn more about the company and
its eco solutions, visit www.panasonic.com/ecosolutions.
About Coronal Management LLC
Coronal Management LLC is an alternative energy company that
develops, finances, builds, operates and maintains solar
photovoltaic ("PV") projects for institutions, corporations and
non-profit organizations throughout North
America. The Coronal team brings more than 80 years of
successful investment management, a strong record of solar project
development and has been recognized by the White House Office of
Innovation and Civic Participation as thought leaders in the solar
industry.
Coronal and Panasonic Eco Solutions North America have
established a strategic relationship to deliver the first truly
comprehensive life-cycle solution to facilitate solar projects from
inception and financing, to engineering, procurement and
construction (EPC), through to the operations and maintenance
(O&M) of the systems. For additional information, please visit
www.coronalmanagement.com.
SOURCE Panasonic