Company demonstrated consistently high revenue growth over the past three years.
Pasadena, Calif. (November 7, 2016) – Coronal Energy™ today announced that it has been named the third fastest growing private company in the Greater Los Angeles area by the Los Angeles Business Journal. The rankings were unveiled at the 20th annual Fastest Growing Private Company Awards ceremony held on November 2.
Coronal Energy, powered by Panasonic, is a leading provider of renewable energy solutions, especially large-scale solar photovoltaic systems, for diverse enterprise customers across North America, including utilities, corporations, the public sector, educational institutions, and other organizations. It unites the project development, finance, engineering, construction, and asset management experience of Coronal Energy with Panasonic’s lasting financial strength and award-winning history of solar innovation and sustainability leadership. Its portfolio includes projects in 40 states totaling 2.3 GW installed, with more than 3.4 GW of greenfield and brownfield projects under construction/contract, in development or in the pipeline.
“We are proud to be part of the growing entrepreneurial business landscape in Los Angeles and for this recognition from the Los Angeles Business Journal,” said Jonathan Jaffrey, Chairman and CEO of Coronal Energy. “The opportunities for growth and the wealth of talent in our community have contributed to our ongoing success. We look forward to being an active member of this vibrant business community in the future.”
“Solar is the country’s fastest-growing energy source and California is the nation’s leading state,” said Jamie Evans, managing director of the Energy Solutions Group at Panasonic Enterprise Solutions Company. “The Los Angeles Business Journal recognition is a testament to Coronal Energy’s role in Los Angeles County’s thriving economy and in driving the clean energy revolution across the United States.”
In September, Panasonic increased its ownership position in Coronal Energy, marking a new phase in their partnership following four years of collaboration and an initial strategic investment in December 2014.
For more information, please visit http://www.coronalenergy.com
About Coronal Energy
Coronal Energy develops, finances, and operates solar PV projects for utilities, municipalities, corporations, and other organizations in exclusive partnership with Panasonic. In December 2014, Panasonic made an initial strategic investment in Coronal Energy, followed by a second investment in September 2016. Coronal Energy announced the acquisition of HelioSage Energy, a leading utility-scale solar project developer, in February 2015. In September of the same year, Coronal Energy 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. Coronal Energy also continues to actively acquire solar PV assets in virtually any stage of development. The company has major initiatives in the United States and Canada.
About Panasonic Enterprise Solutions Company
Panasonic Enterprise Solutions, a division of Panasonic Corporation of North America, develops, installs, and maintains large-scale energy solutions and sensory solutions for utility, business, government, and institutional customers. The Coronal Energy, powered by Panasonic, team includes the Energy Solutions Group of Panasonic Corporation of North America, a wholly-owned subsidiary of Panasonic Corporation.