SATC Satcon Technology Corp. (MM)

CUSIP No. 803893106 13G/A Page 2 of 10 Pages

-----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Tontine Overseas Associates, L.L.C.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IA
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 803893106 13G/A Page 3 of 10 Pages

-----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Tontine Capital Partners, L.P.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 PN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 803893106 13G/A Page 4 of 10 Pages

-----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Tontine Capital Management, L.L.C.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IA
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 803893106 13G/A Page 5 of 10 Pages

-----------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Jeffrey L. Gendell
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES ______________________________________________________________

BENEFICIALLY (6) SHARED VOTING POWER
 0
OWNED BY ______________________________________________________________

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING ______________________________________________________________

PERSON WITH (8) SHARED DISPOSITIVE POWER
 0
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 0
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 IN
-----------------------------------------------------------------------------
 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 803893106 13G/A Page 6 of 10 Pages

The Schedule 13G/A filed on February 8, 2009 is hereby amended and restated by
this Amendment No. 2 to the Schedule 13G.

Item 1(a). Name of Issuer:

 The name of the issuer is Satcon Technology Corporation (the "Company").

Item 1(b). Address of Issuer's Principal Executive Offices:

 The Company's principal executive offices are located at 27 Drydock Avenue,
Boston, Massachusetts 02210.

Item 2(a). Name of Person Filing:

 This statement is filed by:

 (i) Tontine Overseas Associates, L.L.C., a limited liability company
 organized under the laws of the State of Delaware ("TOA"), which
 serves as investment manager to Tontine Capital Overseas Master
 Fund, L.P., a Cayman Islands partnership ("TCO"), with respect to
 the shares of Common Stock directly owned by TCO;

 (ii) Tontine Capital Partners, L.P., a Delaware limited partnership
 ("TCP") with respect to the shares of Common Stock directly owned
 by it;

 (iii) Tontine Capital Management, L.L.C., a Delaware limited liability
 company organized under the laws of the State of Delaware
 ("TCM"), with respect to the shares of Common Stock directly
 owned by TCP;

 (iv) Jeffrey L. Gendell, a United States citizen ("Mr. Gendell")
 with respect to the shares of Common Stock directly owned by each
 of TCO and TCP.

 The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons." Any disclosures herein with respect to
persons other than the Reporting Persons are made on information and belief
after making inquiry to the appropriate party.

CUSIP No. 803893106 13G/A Page 7 of 10 Pages

Item 2(b). Address of Principal Business Office or, if None, Residence:

 The address of the business office of each of the Reporting Persons is 55
Railroad Avenue, Greenwich, Connecticut 06830.

Item 2(c). Citizenship:

 See Item 2(a) above.

Item 2(d). Title of Class of Securities:

 Common Stock, $0.01 par value (the "Common Stock")

Item 2(e). CUSIP Number:

 803893106

Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:

 (a) [ ] Broker or dealer registered under Section 15 of the
 Act,

 (b) [ ] Bank as defined in Section 3(a)(6) of the Act,

 (c) [ ] Insurance Company as defined in Section 3(a)(19) of
 the Act,

 (d) [ ] Investment Company registered under Section 8 of the
 Investment Company Act of 1940,

 (e) [ ] Investment Adviser in accordance with Rule
 13d-1 (b)(1)(ii)(E),

 (f) [ ] Employee Benefit Plan or Endowment Fund in accordance
 with 13d-1 (b)(1)(ii)(F),

 (g) [ ] Parent Holding Company or control person in accordance
 with Rule 13d-1 (b)(1)(ii)(G),

 (h) [ ] Savings Association as defined in Section 3(b) of the
 Federal Deposit Insurance Act,

 (i) [ ] Church Plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the
 Investment Company Act of 1940,

 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 Not applicable.

CUSIP No. 803893106 13G/A Page 8 of 10 Pages

Item 4. Ownership.

 A. Tontine Overseas Associates, L.L.C.
 (a) Amount beneficially owned: 0
 (b) Percent of class: 0% The percentages used herein and in the
rest of Item 4 are calculated based upon the 70,289,812 shares of Common Stock
issued and outstanding as of October 3, 2009 as reflected in the Company's Form
10-Q for the quarterly period ended October 20, 2009.
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 0
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 0

 B. Tontine Capital Partners, L.P.
 (a) Amount beneficially owned: 0
 (b) Percent of class: 0%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 0
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 0

 C. Tontine Capital Management, L.L.C.
 (a) Amount beneficially owned: 0
 (b) Percent of class: 0%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 0
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 0

 D. Jeffrey L. Gendell
 (a) Amount beneficially owned: 0
 (b) Percent of class: 0%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 0
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition: 0

CUSIP No. 803893106 13G/A Page 9 of 10 Pages

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof
the Reporting Persons have ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [X].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.

 Not applicable.

Item 8. Identification and Classification of Members of the Group.

 See Item 2.

Item 9. Notice of Dissolution of Group.

 Not applicable.

Item 10. Certification.

 Each of the Reporting Persons hereby makes the following certification:

 By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

CUSIP No. 803893106 13G/A Page 10 of 10 Pages

SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.


DATED: February 12, 2010

 /s/ JEFFREY L. GENDELL
 Jeffrey L. Gendell, individually, and as
 managing member of
 Tontine Capital Management, L.L.C.,
 general partner of
 Tontine Capital Partners, L.P. and as
 managing member of
 Tontine Overseas Associates, L.L.C.