Panasonic Enterprise Solutions Co. and Coronal Group LLC have completed nine solar projects for Southern California Edison (SCE) in Tulare and Kings counties in California.
Panasonic and Coronal acquired the projects, with a combined capacity of 16.2 MW, from Macquarie Capital in 2013. All were developed under the California Renewable Energy Small Tariff and built by Panasonic and ImMODO Energy Services Corp. A $50 million funding commitment by Ullico Inc., a labor union-owned insurance and investment company, also contributed to the acquisition and completion of the projects.
‘The completion of these nine projects, the first commercial projects to be finished under the Panasonic-Coronal platform, marks an important milestone, and there are more in the pipeline,’ says Jonathan Jaffrey, CEO of Coronal. ‘Our total joint project development with Panasonic – now more than 100 MW – is an indicator of both the success of our platform and the rising interest in solar projects.’