Coronal, Panasonic invest in solar engineering co Blue Oak Energy
Coronal Group LLC and Panasonic Eco Solutions have made a strategic investment of an undisclosed amount in US solar engineering and construction services provider Blue Oak Energy.
The investment will enable Blue Oak Energy to extend its depth and breadth so it could meet the growing demand from its customers, the parties said in a joint press release on Tuesday.
Blue Oak Energy is engaged in building commercial and utility-scale solar power plants across the US. To date, it has engineered or constructed solar parks with a combined capacity of over 1,000 MW on roughly 600 sites across more than 30 states.
California-based Coronal, in turn, has more than 2,500 MW of greenfield and brownfield solar photovoltaic (PV) projects in development or in the pipeline, it says.