Panasonic Eco Solutions Energy Management North America and Pristine Sun have teamed up to develop a planned 50MW of solar parks in the US state of California.
The two companies began building its first solar parks at the end of last year and will continue to construct more than US$150 million worth of solar projects through 2014.
As part of the collaboration, Panasonic will engineer and build the solar parks and install its 12kW dual-axis tracker at the proposed facilities. In addition, the company will provide operating and maintenance services for the facilities during their 20-year life.
The projects will be connected to the grid when complete and all electricity generated from the facilities will be sold to Californian utility company Pacific Gas & Electric (PG&E).
Koshi Terakawa, President of Panasonic Eco Solutions Energy Management North America, commented: “This 50MW portfolio will allow Panasonic to showcase its ability to construct high quality solar energy systems and to present its new 12kW dual-axis tracker to the market. Our technology provides a more robust return on investment to project owners based on the high-quality, low maintenance, low cost strategy that has been utilized in engineering this new and evolutionary product that tracks the sun all day. With this, Panasonic can successfully state that this is the industry's first Tier 1 tracker backed by the largest balance sheet in solar today.”
“We're honored to be working with Panasonic, one of the most respected and largest companies in the world. With our large portfolio of hundreds of small utility projects, we've learned that it's imperative to select a bankable partner like Panasonic to provide turnkey, standardised solutions. This partnership is already accelerating – and reducing the brain damage of – the most important element of the solar industry: project financing,” added Troy Helming, CEO of Pristine Sun.