Panasonic and Coronal Management establish solar financing company


To be managed by Coronal Management, the aim of the new company is to boost Panasonic’s North American solar market penetration by removing the "major" financing hurdles associated with project development and implementation. Panasonic is expected to both build and maintain the solar systems, while Coronal will provide the necessary equity financing.

"The ability to provide an end-to-end development, implementation and financing solution for our customers is critical to our continued growth in the solar space," stated Jim Doyle, president of Panasonic Eco Solutions North America. "Panasonic brings unrivaled engineering and building capabilities backed by the largest balance sheet in the solar business," added head of Coronal, Jonathan Jaffrey.

Panasonic Eco Solutions North America launched this April. In addition to providing development services and financing, it offers EPC services and construction financing.

No further details have been released, however pv magazine has requested an interview with Panasonic.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.