Panasonic Enters Exclusive Multi-Year Solar PV Solutions Development Agreement With Coronal Management LLC
Agreement to offer a new financing and asset management model, from development and implementation through the first truly comprehensive solution for solar photovoltaic (PV) systems up to 20 MW in the United States
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.
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