Strategic Investment in:
Blue Oak Energy
Panasonic Eco Solutions ("Panasonic") and Coronal Group, LLC ("Coronal") partnered to invest in Blue Oak Energy, a design, engineering, procurement and construction ("EPC") company focused exclusively on solar photovoltaic systems. Coronal and Panasonic previously established an exclusive strategic relationship to jointly develop, finance and operate commercial and utility scale solar assets ("Coronal-Panasonic").
Marathon Capital acted as exclusive financial buy-side advisor for Coronal-Panasonic
Headquartered in Davis, California, Blue Oak Energy had engineered and constructed solar electric systems on over 600 distinct locations across more than 30 states in the U.S. and several international locations totaling over 1 GW at the time of the Panasonic and Coronal investment.
This strategic investment allowed Blue Oak Energy to continue business development as a stand-alone entity while supplementing Panasonic's EPC capability. Blue Oak Energy increases Panasonic's engineering and construction management capabilities, in order to widen the breadth of the Coronal-Panasonic solar delivery solution platform.