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Panasonic and Coronal Group Acquired Balsam Lake Solar Project in Canada

published: 2014-10-08 13:36

By teaming up with Coronal Group, Panasonic Eco Solutions Canada has completed the acquisition of the 6MW Balsam Lake Solar Project form Balsam Lake Green Energy. The project, based in the City of Kawartha Lakes, Ontario, is part of the Ontario Power Authority’s Feed-In Tariff Program.

The Balsam Lake Solar Project is now under construction with plans for commercial operation in 2015. When complete, it will provide enough energy to the Ontario Power Authority’s grid system to power approximately 550 homes annually.

“This is Panasonic’s first ground mount solar project in Canada and our first in the country with Coronal,” said Panasonic Eco Solutions Canada Managing Director Walter Buzzelli. “The project opens the opportunity to build our portfolio with clients seeking a one-stop-shop for expertise in solar PV engineering, construction, finance, operations and management—a streamlined, renewable energy solution that is an efficient and reliable platform to lower energy costs.”

“The Balsam Lake Solar Project underscores the efficacy of our renewable energy platform for the commercial, industrial, municipal and small utility markets throughout North America,” said Coronal’s CEO and Managing Director Jonathan Jaffrey. “We see enormous potential in Canada and will be opening an office to support projects in collaboration with Panasonic Eco Solutions Canada.”

Balsam Lake Green Energy President Dennis Zaidi expressed his confidence in Panasonic and Coronal team. He addressed, “Their one-stop-shop approach to solar energy complements and extends our commitment to creating green energy and green jobs in Ontario, and gives us peace of mind knowing that this project will provide clean energy for years to come.”

Related Post: Panasonic and Coronal Group Complete Nine Solar Projects for Southern California Edison Customers

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