SOURCE: Coronal Management
BOULDER, CO--(Marketwired - Mar 26, 2014) - Coronal Management, LLC ("Coronal"), an alternative energy firm that develops, finances, builds operates and maintains solar photovoltaic ("PV") projects, announced that C. Thomas Paschall, a specialist in financial transactions in the renewable energy field, joined the firm as a managing director and general counsel. Mr. Paschall served as counsel on dozens of energy M&A and financing transactions representing billions of dollars, including some of the most significant in the industry. At Coronal, he will serve as an equity partner involved in strategic aspects of investment decisions and acquisitions, capital expansion and will manage the general legal affairs of Coronal in his general counsel capacity.
"The breadth and depth of Tom's experience in finance and renewable energy will be an invaluable asset to our firm," said Jonathan Jaffrey, Coronal Management's CEO and managing director.
Mr. Paschall has more than a dozen years of experience in representing foreign and domestic renewable energy investors, developers and financial institutions in the development, acquisition and financing of commercial scale wind and solar generation assets as well as biofuel, waste to energy and other generation and fuel projects. His vast experience in financial transactions includes public and private company mergers and acquisitions, joint ventures and joint development arrangements, secured lending and licensing.
Prior to Coronal, he was a senior attorney in the Global Corporate and Project Finance Groups of Milbank, Tweed, Hadley & McCloy LLP. He was corporate and transactional attorney for numerous publicly traded and privately held renewable energy companies, focusing on joint ventures, mergers and acquisitions, project lending and tax equity investment and matters relating to formation and structuring of special purpose vehicles for acquisitions and financings.
Mr. Paschall earned a bachelor's degree magna cum laude from Duke University, and his Juris Doctor from the USC School of Law. He is a member of the State Bar of California and the American Bar Association.
In addition, Coronal announced that John Doyle was named vice president of business development and will leverage the firm's financial platform to provide take-out financing to owner/operators of producing solar assets. A career technology investment banker, Mr. Doyle has closed more than 30 merger and acquisition transactions including Focused Energy in its sale to Bay Wa Group, a multi-billion dollar German energy distributor. At Coronal, Mr. Doyle will focus on sourcing acquisition or investment opportunities that are producing or in development with a credit-worthy off-taker/PPA in the commercial and small utility-scale sectors (1MW to 20MW in size).
"John's strategic business experience, proven track record as a deal-maker and unwavering commitment to understanding clients' needs will bring tremendous value to Coronal as we look to expand our portfolio of operating assets," added Mr. Jaffrey.
Prior to Coronal, Mr. Doyle was the founder and managing director of Peachtree Capital Advisors, where he advised investment banking clients through the sell side M&A and capital raise processes. He also worked as an investment banker both with JEGI, a technology investment banking firm in New York, and with Veronis Suhler Stevenson, a leading private equity firm focused on the information and technology industries.
Mr. Doyle earned his bachelors' degrees in Engineering & Economics from Dartmouth College in 1995.
About Coronal Management, LLC
Coronal Management is an alternative energy firm that develops, finances, builds, operates and maintains solar photovoltaic (PV) projects for institutions, corporations and non-profit organizations throughout the United States, Canada and Puerto Rico. The Coronal team, which brings more than 80 collective years of asset and investment management experience and a strong record of solar project development and commercialization, has been recognized by the White House Office of Innovation and Civic Participation as thought leaders in the solar industry. Coronal and Panasonic Eco Solutions North America have established a strategic relationship to deliver the first truly comprehensive end-to-end solution to facilitate the development and commercialization of solar PV projects between 250 kW and 20 MW in the commercial, industrial, municipal and small utility (CIMSU) markets from inception to commercial operation, including construction and equity financing; engineering, procurement and construction (EPC); and the operations and maintenance (O&M) of the systems. For more information, visit www.coronalmanagement.com.