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4-Traders Homepage  >  Equities  >  Tokyo  >  Panasonic Corporation    6752   JP3866800000

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Panasonic & Gulf Power develop 120MW US military PV project in Florida

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01/20/2017 | 09:35am CET

Southern Company-owned Gulf Power has teamed with Coronal Energy, powered by Panasonic, to develop a 120MW PV portfolio at a military base in Florida.

Three separate facilities will be developed and known as the Gulf Coast Solar Centre Portfolio, comprised of:

50MW NAS Pensacolas NOLF Saufley

40MW NAS Whiting Fields NOLF Holley

30MW Eglin Air Force Base

Once complete, the combined facilities will be among the Sunshine States largest solar projects and will include around 1.5 million First Solar modules and generate enough clean electricity to power 18,000 homes annually.

Coronal Energy is constructing the three facilities in Northwest Florida. The projects broke ground in November and all are expected to become operation during summer 2017.

At an inauguration ceremony yesterday, officials from Eglin Air Force Base and the Naval Air Station (NAS) Pensacola joined executives from Gulf Power and Coronal Energy for the installation of the first two PV panels on the projects.

"These projects exemplify our commitment to leveraging strong partnerships and innovative solutions to develop large-scale solar projects that deliver clean energy to a diverse set of customers," said Jonathan Jaffrey, chairman and CEO of Coronal Energy at the ceremony. "The collaborative approach to the development of the Gulf Coast Solar Centre Portfolio represents a smarter approach to pursuing solar energy, and may serve as a model for future public/private sector renewable energy initiatives."

The energy generated by the three projects will serve Gulf Power customers across Northwest Florida.

Jim Doyle, president of Panasonic Enterprise Solutions Company, added: "Solar is the world`s fastest-growing energy source. With these projects, Gulf Power in cooperation with the Air Force and the Navy takes a big step forward adding clean, resilient, domestic renewable energy to its portfolio for the benefit of its customers. They`re showing how going solar translates to smart business and smart government, not just for residents and businesses in Florida but also across the country."

(c) 2017 MediaQuest Corp. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2017 7 298 805 M
EBIT 2017 310 000 M
Net income 2017 148 098 M
Finance 2017 53 258 M
Yield 2017 2,03%
P/E ratio 2017 18,82
P/E ratio 2018 14,86
EV / Sales 2017 0,39x
EV / Sales 2018 0,37x
Capitalization 2 922 813 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 1 256  JPY
Spread / Average Target 5,4%
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Kazuhiro Tsuga President & Representative Director
Shusaku Nagae Chairman
Hideaki Kawai Senior Managing Representative Director
Yoshiyuki Miyabe Senior Managing Representative Director
Makoto Ishii Executive Officer & Head-Information Systems
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