Panasonic unit completes California solar projects

Panasonic Enterprise Solutions Company has completed nine California solar projects in conjunction with Coronal Group LLC, it announced Friday.RELATED: Behind the scenes: Panasonic is a giant in the B2B world

The projects will provide energy to Southern California Edison’s grid, powering approximately 14,500 homes, Panasonic said in a news release. They were built by Panasonic and ImMODO Energy Services Corporation.

Panasonic and Coronal acquired the California Renewable Energy Small Tariff projects in 2013, with the help of a $50 million funding commitment from Ullico Inc., an insurance and investment firm.

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“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,” Jonathan Jaffrey, CEO of Coronal, said in a prepared statement. “Our total joint project development with Panasonic, now more than 100 MWs, is an indicator of both the success of our platform and the rising interest in solar projects.”

Panasonic Enterprise Solutions Company is a division of Panasonic Corporation of North America, headquartered in Newark.

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