Coronal Group LLC and Panasonic Eco Solutions said Sept. 15 that their newest portfolio of eight solar photovoltaic (PV) projects in North Carolina is now under construction.
This 37-MW (ac) portfolio will generate approximately 71.3 million kilowatt hours annually.
“The North Carolina portfolio is an important milestone,” said Jonathan Jaffrey, CEO of Coronal. “These are the first projects that were originated and developed, end-to-end, using the Coronal-Panasonic platform, an innovative model we developed together that serves as a one-stop shop for renewable energy.”
With these newest projects, Coronal has one of the largest portfolios in the vibrant North Carolina solar marketplace. The companies said that the platform’s streamlined solution simplifies projects, mitigates delivery risk, and provides an efficient, cost-effective solution for large-scale solar energy development. Panasonic is overseeing the engineering, procurement and construction, as well as the operations and maintenance of the North Carolina assets.
“The ability to develop a project soup to nuts gives our project stakeholders a lot of confidence,” said Danny Van Clief, Executive Vice President of Coronal Development Services (CDS).
This new portfolio of projects is driven partly by the extensive experience gained in the state during Phase I of the work. In 2014, CDS, a division of Coronal, completed twelve solar PV projects in North Carolina, totaling 60 MW (ac). The annual energy production from the 2014 portfolio is approximately 123 million kilowatt hours.
Headquartered in Glendale, Calif., with offices in New Jersey and Virginia, Coronal Group is a renewable energy company that develops, owns, and operates solar projects globally, with major initiatives in the United States, Canada, Latin America, and Asia.
The Coronal-Panasonic platform, a comprehensive end-to-end solution, facilitates the development and commercialization of solar PV projects from inception through the life of the asset. With more than 2.5 GW of greenfield and brownfield projects in development or in the pipeline, Coronal said it continues to actively acquire solar PV assets in virtually any stage of development.
Panasonic Enterprise Solutions, a division of Panasonic Corp. of North America, develops, installs and maintains large-scale Eco Solutions and Audio-Visual Solutions for business and municipal customers. Its Eco Solutions unit offers expertise in end-to-end solar energy projects while also delivering technological and financial solutions to the rapidly expanding commercial and industrial renewable energy markets.