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.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
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.”