Coronal Energy, the US developer backed by Panasonic, plans to boost the number of solar power projects it acquires across North America.
The company said it will “substantially increase” the photovoltaic projects it will buy in 2017 and 2018.
The acquisition program will focus on utility-scale facilities with at least 5MW under any stage of development, including operational plants.
“While many companies are retrenching, Coronal Energy, powered by Panasonic, is in growth mode,” Coronal chairman Jonathan Jaffrey said.
“We are fortunate to be backed by a Fortune Global 500 entity in Panasonic that has made a long-term commitment to the future of solar energy in North America,” he said. “Our financial strength and stability as a buyer sets us apart from our competition.”
Image: SXC
