Overview

 

Coronal Energy, powered by Panasonic, is a leading independent power producer focused on utility-scale solar and storage projects. The firm provides turnkey solar energy solutions tailored for diverse enterprise customers across North America, including utilities, corporations, and the public sector. Uniting 3 gigawatts of completed project experience with the financial strength of a Fortune Global 500 company (#110), Coronal Energy, powered by Panasonic, owns and manages a 333 megawatt operating portfolio and a multi-gigawatt development pipeline in more than 20 US states.

We combine world-class capabilities in development, financing, engineering, construction, and asset management to deliver customer-focused solutions with unparalleled reliability, performance, and value. 

 We have completed the largest solar installation on United States Department of Defense property and have worked with utilities such as Dominion Energy (VA), Georgia Power (GA), Duke Energy Progress (NC), Gulf Power (FL), Idaho Power (OR), Pacific Power (OR), the Tennessee Valley Authority (TN) and are we are currently developing the first utility-scale solar project for Appalachian Power (APCo).

The Coronal Energy team maintains offices in California, Colorado, and Virginia.

Two Legacies, One Future

Coronal Energy, powered by Panasonic, unites Panasonic’s lasting financial strength and award-winning history of solar innovation and sustainability leadership with the project development, finance, engineering, construction, and asset management experience of Coronal Energy.

Coronal Energy develops, finances, and operates solar PV and storage projects for utilities, corporations, public sector agencies, and other enterprise organizations in exclusive partnership with Panasonic. In December 2014, Panasonic made an initial strategic investment in Coronal, followed by a second investment in September 2016. Coronal announced the acquisition of HelioSage Energy, a leading utility-scale solar project developer, in February 2015. In September of the same year, Coronal and Panasonic announced a strategic investment in Blue Oak Energy, a best-in-class commercial and utility-scale solar engineering and construction company founded in 2003. Blue Oak Energy was acquired by Coronal in 2016 and operates as a wholly owned subsidiary.

Founded in 1918 and globally headquartered in Osaka, Japan, Panasonic has more than 254,000 employees worldwide and more than $70 billion in annual revenue. A Fortune Global 500 company (#110), Panasonic entered the solar business in 1975 and as recently as early 2016 its award-winning HIT solar modules held the world record for solar conversion efficiency. It is also the world’s #1 producer of lithium-ion battery cells, including for electric vehicles. Panasonic ranked #5 overall and #1 among tech companies on Interbrand/Deloitte’s most recent “Best Global Green Brands” report in 2014. In 2016, Forbes named Panasonic—a Fortune Global 500 company—to its list of “World’s Most Valuable Brands.” One year later, in 2017, Forbes named Panasonic to its list of 50 companies that are changing the world and doing well by doing good. Panasonic Enterprise Solutions Company, a wholly owned subsidiary of Panasonic Corporation of North America, is a strategic partner to Coronal Energy and Tom Gebhardt, chairman and CEO of Panasonic North America, sits on Coronal’s board.