Coronal, Panasonic announce strategic investment in solar PV EPC company Blue Oak Energy

Blue Oak Energy has engineered or constructed solar PV systems on over 600 distinct locations, across more than 30 states, totaling more than 1 GW
Blue Oak Energy has engineered or constructed solar PV systems on over 600 distinct locations, across more than 30 states, totaling more than 1 GW

Coronal Group LLC (Glendale, California, U.S.) and Panasonic Eco Solutions (Newark, NJ, U.S.) on September 22nd, 2015 announced a strategic investment in Blue Oak Energy, a solar photovoltaic (PV) engineering and construction company.

This investment will allow Blue Oak Energy to expand its depth and breadth to meet the growing demand from its customer base.  Blue Oak Energy will continue to operate as an independent entity under the leadership of its Founder and CEO, Tobin Booth.

“This is a strategic investment by Coronal, which will provide resources to help fuel Blue Oak Energy's growth in the engineering and EPC sectors and ensure that the company can provide its long-term, loyal customer base with the service it has come to expect,” said Jonathan Jaffrey, CEO of Coronal Group LLC.

Blue Oak Energy is focused on commercial and utility-scale solar power plants. The company delivers solar facilities for businesses and engineering services across the United States. Today, Blue Oak Energy has engineered or constructed solar PV systems on over 600 distinct locations, across more than 30 states, totaling more than 1 GW.

“We are pleased to be partners with the high-integrity teams at Coronal and Panasonic. We now have a larger platform from which to expand our services and help our customers achieve their goals,” said Tobin Booth, Founder and CEO of Blue Oak Energy.

Marathon Capital served as exclusive financial advisor to Coronal and Panasonic.  Media Venture Partners acted as exclusive advisor to Blue Oak Energy.

 

2015-09-23 | Courtesy: Coronal Group LLC | solarserver.com © Heindl Server GmbH

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