January 8, 2015

Coronal Group Acquires 35 MW Avalon Solar Project Near Tucson, Ariz.

GLENDALE, Calif., Jan. 8, 2015 /PRNewswire/ --Coronal Group LLC (Coronal) announced that
it has acquired a 35-megawatt solar farm located near Tucson, Ariz. The 225-acre Avalon Solar
Project generates enough emission-free solar energy to power 5,620 homes through Tucson
Electric Power. Panasonic Eco Solutions (Panasonic), a unit of Panasonic Corporation of North
America, is overseeing the operations and management of the project. Coronal is the owner
and manager of the asset.


The Avalon Solar Project, which includes 114,720 solar panels, was developed by Clēnera
Renewable Energy (Clēnera). It was built by general contractor Swinerton Renewable Energy
under the direction of Clēnera Renewable Energy and Panasonic including the design,
engineering and construction of the project. Sumitomo Mitsui Banking Corporation was the
financing provider for the project sale to Coronal.


The Avalon Solar Project started producing solar power in December 2014. It is expected to
save 57,660 tons of carbon dioxide from being released into the environment, the equivalent of
taking 12,140 cars off the road annually.

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