Coronal Energy announced Tuesday that it intends to ramp up the number of solar projects it will acquire in 2017 and 2018.
Coronal’s new acquisition program will help grow an expanding solar portfolio in North America that already boasts 3GW of assets currently under development.
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Jonathan Jaffrey, chairman and CEO of Coronal Energy, said: “While many companies are retrenching, Coronal Energy, powered by Panasonic, is in growth mode. We are fortunate to be backed by a Fortune Global 500 entity in Panasonic that has made a long-term commitment to the future of solar energy in North America. Our financial strength and stability as a buyer sets us apart from our competition.”
Coronal's Solar Acquisition Program will focus on utility-scale solar PV projects located in North America that are 5MW or higher in terms of generation capacity. Coronal will review projects under any stage of development, including operational projects.
Danny Van Clief, chief commercial officer for Coronal Energy, added: “We will be an exceptional partner for sellers seeking an experienced, efficient, and motivated buyer. Our team has worked on solar projects in almost every US state, and having sold projects ourselves we know how to treat sellers fairly. A reputation as a premier buyer is one of our primary goals.”
