Solar installations will be set up at 12 Macerich shopping centers in Arizona, California, New York and Connecticut. The installations are projected to generate between 10.2MW and 12MW of clean energy.
Panasonic Eco Solutions North America president Jim Doyle commented, "The Macerich portfolio represents an ideal opportunity for Panasonic to deliver an end-to-end solar solution on a large scale with an ideal partner."
Macerich executive vice president Eric Salo added, "Macerich is committed to creating long term value by improving our natural resource efficiency, and operating and developing our properties in a sustainable and environmentally sound manner.
Coronal Management, Panasonic’s financial platform partner, will finance and own each of the 12 solar projects through an affiliate, while Panasonic will develop the projects.
