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Satcon Selected for 15 Megawatt Solar PV Project By SOLON

Dépèche transmise le 14 avril 2011 par Business Wire

Satcon Selected for 15 Megawatt Solar PV Project By SOLON

Satcon Selected for 15 Megawatt Solar PV Project By SOLON

BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation®(NASDAQ CM: SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has been selected by SOLON to supply twelve 1.25 megawatt (MW) Prism Platforms™ for Pacific Gas and Electric’s (PG&E’s) upcoming 15 MW ground mount installation near Fresno, CA. The project is part of PG&E’s 250 MW Utility Owned Generation (UOG) PV Program, a five-year plan for the construction of utility-owned solar power plants.

“This project highlights SOLON’s leadership in solar PV plant construction as well as our leadership in utility-ready solar power conversion. We look forward to working together with SOLON to deliver the next wave of large-scale solar to the North American utility marketplace.”

SOLON, a turnkey Engineering, Procurement, and Construction contractor, will utilize the 1.25 MW Prism Platform, Satcon’s fully integrated medium-voltage (MV) solution complete with factory-integrated step-up transformers, MV disconnect switches, and power conversion electronics optimized for utility-scale solar PV installations for this project. Each Prism Platform will be configured to include Equinox™ inverters, Satcon’s third-generation central inverter which delivers best-in-class 98.5% efficiency combined with the industry’s widest thermal operating range. Equinox is built on the backbone of PowerGate® Plus, the world’s most widely deployed utility-class inverter solution, with over 2 gigawatts sold worldwide since 2002.

“We partnered with Satcon because of their proven experience in delivering utility-grade power conversion solutions around the world,” said Dan Alcombright, general manager and vice president, North America for SOLON. “In collaboration with our leading partners, SOLON is committed to meeting the needs of utilities while reducing total cost of ownership.”

Satcon Design Services designed a custom interface for SOLON’s Supervisory Control and Data Acquisition (SCADA) system to create a site controller which enables monitoring and controlling critical functions of both the transformer and inverter, including dynamic control of power factor over a wide range. In addition, Satcon will be providing APEX Project Management services through the duration of the procurement, logistics, delivery, and on-site commissioning phases of the project, which is scheduled to go online in October 2011.

“Together with SOLON we are able to drive deeper penetration of large-scale PV with the industry’s most advanced and reliable technology building blocks,” said Steve Rhoades, Satcon's President and Chief Executive Officer. “This project highlights SOLON’s leadership in solar PV plant construction as well as our leadership in utility-ready solar power conversion. We look forward to working together with SOLON to deliver the next wave of large-scale solar to the North American utility marketplace.”

About Satcon

Satcon Technology Corporation is the leading provider of utility-scale power conversion solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 26 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.

About SOLON

SOLON Corporation (www.SOLON.com), a leader in utility-scale and large commercial photovoltaic (PV) systems, offers a unique combination of PV module manufacturing and power plant expertise to the North American market. SOLON delivers complete and cost-effective turnkey PV systems solutions to its partners with a streamlined approach from design and construction to financing and operation. With module manufacturing facilities in Tucson, AZ, SOLON is driven by a passion for ecological change and a commitment to providing superior solar solutions with unrivaled quality and reliability. Founded in 2007, SOLON Corporation is a subsidiary of SOLON SE, a leading international provider of solar solutions for residential, commercial and utility-scale applications. SOLON SE operates subsidiaries in Germany, Italy, France and the US with more than 800 employees worldwide.

Safe Harbor

Statements made in this press release that are not historical facts or which apply prospectively are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.

Business Wire

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