Panasonic and Coronal acquired the California Renewable Energy Small Tariff projects from Macquarie Capital in 2013.
A $50m funding commitment by Ullico, a labor-union owned insurance and investment company, also contributed to the acquisition and completion of the projects. Panasonic and ImMODO Energy Services built them.
"Our total joint project development with Panasonic, now more than 100 MWs, is an indicator of both the success of our platform and the rising interest in solar projects," says Coronal chief executive Jonathan Jaffrey.
