Coronal Group LLC (Coronal) and Panasonic Eco Solutions (Panasonic) announced their newest portfolio of eight solar PV projects in North Carolina now under construction. This 37MWac portfolio will generate approximately 71.3 million kWh of clean electricity annually.
"The North Carolina portfolio is an important milestone," said Jonathan Jaffrey, CEO of Coronal. "These are the first projects that were originated and developed, end-to-end, using the Coronal-Panasonic platform, an innovative model we developed together that serves as a one-stop shop for renewable energy."
With these newest projects, Coronal has one of the largest portfolios in the vibrant North Carolina solar marketplace, which is representative of the continued success of the Coronal-Panasonic platform. The platform's streamlined solution simplifies projects, mitigates delivery risk, and provides an efficient, cost-effective solution for large-scale solar energy development. Panasonic is overseeing the engineering, procurement and construction, as well as the operations and maintenance of the North Carolina assets.
“The ability to develop a project soup to nuts gives our project stakeholders a lot of confidence," said Danny Van Clief, Executive Vice President of Coronal Development Services (CDS). "Whether it's a land owner, a utility, or an equipment supplier, everyone takes comfort in the fact that the same team will control the project for its full life cycle."
This new portfolio of projects is driven partly by the extensive experience gained in the state during Phase I of the work. In 2014, CDS, a division of Coronal, completed 12 solar PV projects in North Carolina, totaling 60MWac. The annual energy production from the 2014 portfolio is approximately 123 million kilowatt hours – enough to power 7,750 homes each year.