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Panasonic Launches Business Unit for Renewables and Efficiency

Panasonic has established Panasonic Eco Solutions North America, a new business unit that will focus on the design, implementation and financing of renewable energy and energy efficiency projects in the U.S. and Canada. The new unit also made public a strategic alliance with Denver, Colo.-based Renewable Social Benefit Funds, L3C to provide development and financing capabilities to organizations interested in solar photovoltaic installations.

Company officials say Panasonic Eco Solutions North America will provide comprehensive renewable energy and energy efficiency services to corporate and public sector organizations from the planning and engineering stages through implementation, construction and permanent financing, as well as ongoing system maintenance.

In June 2011, Panasonic completed a renewable energy installation at Infineon Raceway in Sonoma, Calif., which uses more than 1600 Panasonic HIT solar panels and related technologies. The high-efficiency solar panels cover 41 percent of the track’s energy usage, Panasonic says. In March, Panasonic completed a solar panel system installation at Safeco Field, the home of the Seattle Mariners.

Panasonic Eco Solutions North America has established an exclusive relationship through the end of 2012 with RSB Funds for the co-development of commercial-scale solar projects in North America. The two will work together to provide financing, building and maintenance of commercial solar PV projects for the private sector as well as nonprofits, municipalities, hospitals, schools, low-income housing projects and other tax-exempt entities.

The first Panasonic-RSB Funds collaboration was the creation of a 115-kilowatt solar power generation installation on the corporate campus of the Conrad N. Hilton Foundation in Agoura Hills, Calif.

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