Coronal Group Buys HelioSage Energy

Glendale-based energy investor Coronal Group said Thursday that it has acquired HelioSage Energy, a developer of utility scale solar power projects. Financial terms of the asset sale were not announced. Coronal Group said it has created a new company, Coronal Development Services LLC, adding more than 300MW of solar power projects to its portfolio, and another 1.5 GW of projects in development. Coronal Group is led by Jonathan Jaffray, and is backed by Panasonic. HelioSage was advised by Marthon Capital in the deal.