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Panasonic And Macerich Form Strategic Renewable Energy Partnership

"Macerich offers an example of the types of projects Panasonic and Coronal will pursue," said Jonathan Jaffrey, head of Coronal Management. "This alliance with Panasonic has created a powerful team with the resources and expertise needed to serve corporate clients like Macerich and stand behind solar installations over the long term."

About Panasonic Eco Solutions North AmericaPanasonic Eco Solutions North America is a division of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation (NYSE: PC). Eco Solutions develops and provides customized and integrated technology-based systems solutions, including the design, implementation and financing of renewable energy and energy efficiency projects, for customers in a number of industries including sports, entertainment and education among others, in both the U.S. and Canada.

Panasonic has pledged to practice prudent, sustainable use of the earth's natural resources and protect our environment through the company's Eco Ideas programs. The company is committed to becoming the electronics industry's leader in green innovation by its one-hundredth anniversary in 2018. In the 2012 Interbrand Annual Best Global Green Brands ranking, the Panasonic brand jumped four spots to number six: http://www.interbrand.com/en/best-global-brands/Best-Global-Green-Brands/2012-Report.aspx

About Macerich CorporationMacerich (NYSE: MAC) is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Additional information about Macerich can be obtained from the company's website at www.macerich.com.

About Coronal Management, LLCCoronal Management LLC is an alternative energy company focused on bringing solar power to public, private and nonprofit organizations throughout North America. Launched by the founders of RSB Funds ( www.RSBFunds.com), a prominent, Denver-based solar development and finance company, Coronal leverages its exclusive strategic partnership with Panasonic Eco Solutions North America to provide end-to-end financing solutions and best-in-breed EPC (engineering, procurement and construction) services, operations and maintenance for distributed generation solar projects. For more information contact info@coronalmanagement.com

SOURCE Macerich Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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