Panasonic Eco Solutions forms new solar company with Coronal Management

Panasonic

Panasonic Eco Solutions forms new solar company with Coronal Management

Greentech Lead America:
Panasonic Eco Solutions North America has signed a strategic partnership with
Coronal Management to form a new solar company to be managed by Coronal
Management.

The new company will provide funding for distributed
generation solar systems that will be built and maintained by Panasonic Eco
Solutions North America. 

The financing capability provided by the new solar company
will alleviate a major hurdle to solar project implementation and provide a
growth platform for Panasonic as it further expands into the North American
solar market.

Panasonic Eco Solutions North America was launched in April
2012 as a division of Panasonic Corporation of North America. The company
provides a robust solar platform that includes development services and funding
and full EPC (Engineering, Procurement, Construction) capabilities with
construction financing

Through this initiative, Panasonic is committed to become
the world’s leader in green innovation in the electronics industry by its
100th anniversary in 2018. 

Panasonic has completed solar projects
in California for Speedway Motorsports Sonoma (formerly known as
Infineon Raceway) and the Hilton Foundation, marking Panasonic’s entry into the
North American commercial scale market.

“We are very excited about our relationship with Coronal
Management and its ability to help us offer a unique and differentiated
solution to the commercial scale market,” said Jim Doyle, president
of Panasonic Eco Solutions North America.  “The ability to provide an
end-to-end development, implementation and financing solution for our customers
is critical to our continued growth in the solar space.”

Panasonic Eco Solutions Canada launches new solar PV module
product line

Earlier this year, Panasonic Eco Solutions Canada, a new
affiliate of Panasonic Corporation of North America, developed a new solar
photovoltaic module product line, the SCI Series. The new product meets
domestic content requirements under the Ontario Feed-In-Tariff (FIT) incentives
program.

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