Panasonic has established a strategic relationship with Coronal Management LLC in connection with the formation of a new solar company to be managed by Coronal Management.
The company is being formed to provide funding for distributed generation solar systems that will be built and maintained by Panasonic Eco Solutions North America, the companies explain. It is expected that the financing capability provided by the new solar company will alleviate a major hurdle to solar project implementation and provide a growth platform for Panasonic as it further expands into the North American solar market.
Panasonic Eco Solutions North America, launched in April as a division of Panasonic Corp. of North America, provides development services and funding, as well as full solar engineering, procurement and construction capabilities with construction financing. The new solar company is intended to add a necessary component of equity financing for the development and construction of Panasonic's solar projects.Â