Global Investment Renewable
Joint Venture Agreement 2 GW Pipeline of Public Power Assets with:
Panasonic Eco Solutions North America & Coronal Management LLC
Global Investment Renewable (GIR), an international solar developer, created the joint venture Coronal Municipal Energy Services (CMES) with Panasonic Eco Solutions North America (Panasonic) and its strategic partner Coronal Group (Coronal). GIR brings a proven track record of success in developing more than 600 Megawatts (MW) of solar projects and has developed a 2 Gigawatt (GW) pipeline of U.S. public power projects that are poised to transform the power market. The Panasonic-Coronal team established a renewable energy platform that provides best-in-breed engineering, efficient financing and long-term stable operations and management. The joint venture combines GIR's innovative financing structure for solar with Panasonic's engineering and operational expertise, and the financial acumen of the Coronal Group. Together, the partners expect to bring a 2GW portfolio to fruition over the next 24 months.
Marathon Capital acted as exclusive financial advisor to GIR.