Coronal Energy has announced plans to substantially increase the number of solar PV projects it will acquire in 2017 and 2018. The ambitious program will support a rapidly expanding solar pipeline in North America that already totals over three gigawatts under development.

"While many companies are retrenching, Coronal Energy, powered by Panasonic, is in growth mode," said Jonathan Jaffrey, chairman and CEO of Coronal Energy.

"We are fortunate to be backed by a Fortune Global 500 entity in Panasonic (#128) that has made a long-term commitment to the future of solar energy in North America. Our financial strength and stability as a buyer sets us apart from our competition."

Coronal's Solar Acquisition Program will focus on utility-scale solar PV projects five megawatts and larger, located in North America. Coronal will review projects under any stage of development, including operational projects.

"We will be an exceptional partner for sellers seeking an experienced, efficient, and motivated buyer," said Danny Van Clief, chief commercial officer for Coronal Energy.

"Our team has worked on solar projects in almost every US state, and having sold projects ourselves we know how to treat sellers fairly. A reputation as a premier buyer is one of our primary goals."