Panasonic and Coronal Group Announce Development of
26 Megawatt Solar System Near Lost Hills, California
Lost Hills joins rapidly growing list of utility projects in North America jointly managed by Panasonic-Coronal team; newest endeavor expected to generate clean energy for thousands of homes in Southern California Edison Customers
NEWARK, NJ (NOVEMBER 24, 2014) – Panasonic Enterprise Solutions Company, a division of Panasonic Corporation of North America, and Coronal Group LLC (Coronal), announced development of a 26-megawatt solar system located near Lost Hills, Calif. The 200-acre project will generate emission-free solar power that will be sold to Southern California Edison (SCE) under a 20-year Power Purchase Agreement and contribute to SCE's fulfillment of California’s Renewable Portfolio Standard requirements.
The Panasonic-Coronal team brings its expertise in solar engineering, finance, operations and management to mid-to large-size corporate end-users, institutions and public sector organizations. The one-stop shop model provides a streamlined, end-to-end renewable energy solution that is an efficient and reliable platform to lower energy costs.
“The Panasonic-Coronal team has earned a reputation for being able to simplify complex challenges, execute agreements and quickly bring solar projects into operation,” said Panasonic Enterprise Solutions’ Jamie Evans, Eco Solutions Managing Director. “This latest solar project – generating enough energy to power the equivalent of 5,000 homes – proves that the Panasonic-Coronal platform can deploy significant solar assets capable of generating affordable, clean energy across North America.”
Lost Hills uses PV panel technology mounted on horizontal-axis trackers that rotate with the sun's position in order to optimize electricity generation. The project is being built by Panasonic and Swinerton Builders and is scheduled to be operational in May 2015.
“The Lost Hills project is further proof that utility companies throughout North America are embracing our model and successfully transitioning projects to the Panasonic-Coronal team to complete and manage,” said Jonathan Jaffrey, Coronal’s CEO and Managing Director. “We believe the continued success of our platform and the surging interest in solar projects will continue to create more opportunities for us to introduce clean energy in the marketplace.”
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About Panasonic Enterprise Solutions Company
Panasonic Enterprise Solutions Company, a division of Panasonic Corporation of North America, develops, installs and maintains large-scale Eco Solutions and Audio-Visual Solutions for business and municipal customers. Serving customers across a wide range of industries, Panasonic Enterprise Solutions engineers custom-built applications using the latest technology, experience in end-to-end management of complex corporate projects and unparalleled onsite support services. Eco Solutions 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. An industry leader in Audio-Visual Solutions, the company has installed some of the largest high-definition LED video boards in the world at many well-known sports and entertainment venues in the U.S. In Interbrand’s 2014 annual “Best Global Green Brands” report, Panasonic ranked number five overall and the top electronics brand in the report. Learn more: panasonic.com/pressroom
About Coronal Group LLC
Coronal Group is an alternative energy firm that finances and operates solar PV projects for institutions, municipalities, corporations and non-profit organizations throughout the U.S, Canada, and Latin America. The Coronal team, which brings more than 80 collective years of successful asset and investment management experience, and a strong record of solar project development, has been recognized by the White House Office of Innovation and Civic Participation as thought leaders in the solar industry.
Coronal and Panasonic have established a strategic relationship to deliver a comprehensive end-to-end solution to facilitate the development and commercialization of solar PV projects in the commercial, industrial, municipal and small utility markets from inception to commercial operation, services include construction and equity financing, to engineering, procurement and construction (EPC) and the operations and maintenance (O&M) of the systems. For additional information, please visit www.CoronalGroup.com.
About Swinerton Builders
Swinerton Renewable Energy offers Engineering, Procurement, Construction (EPC), Operations and Maintenance (O&M) and Supervisory Control and Data Acquisition (SCADA) services for solar photovoltaic plants throughout North America to a diverse range of clients who demand exacting performance. Swinerton has delivered over 350 MW solar projects via turnkey EPC services and our Technical Services Team manages over 600 MW of PV plants across the country. We have successfully interconnected solar systems with multiple utilities, including: PG&E, SCE, LADWP, SDG&E, SMUD, PacifiCorp, PNM, CPS, HECO, HONI, JCP&L, PJM and NIPSCO.
On every new project, our engineering approach is informed by feedback from our frontline construction teams and by real-time analysis of plant performance on over 20 utility-scale installations. Founded in 1888, Swinerton Builders is a 100% employee-owned company. Over 125 years of building landmark projects, Swinerton has forged a reputation for unsurpassed safety, workmanship, on-time delivery and customer satisfaction. Today, our team takes pride in building best-in-class, cost-effective solar systems that will generate reliable, clean power for many years to come.
Bonnie Quintanilla Phyllis Grabot
(818) 681-5777 (805) 341-7269
Panasonic Corporation of North America
Steve Feeley (Media Relations)