Satcon Selected By Q-Cells for Multiple Large Scale Solar Energy Installations across Ontario
09 June 2010 - 5:00PM
Business Wire
Satcon Technology Corporation® (NASDAQ CM: SATC), a leading
provider of utility scale power solutions for the renewable energy
market, today announced that they have been selected by Q-Cells for
multiple large scale solar PV power plants in Ontario. Once
completed, these projects will rank among the largest solar PV
installations in North America.
Q-Cells will deploy twenty 1 megawatt (MW) Prism™ solutions,
Satcon’s™ fully integrated utility platform that comes complete
with factory integrated medium voltage transformers, switchgear,
and electronics. Each 1 MW Prism solution is delivered complete in
an all-climate outdoor enclosure and ready to connect to the PV
array and utility grid, enabling rapid installation through a
modular prepackaged design.
These projects are contracted under the Renewable Energy
Standard Offer Program developed and overseen by the Ontario Power
Authority ("OPA") and will connect to local utility PUC
Distribution, Inc. They are scheduled to be operational in the
third quarter 2010.
“These are among the largest solar projects in Ontario to date.
As such, it was imperative that we partner with an industry leader
that could help us achieve the highest level of performance and
reliability and one that can meet the upcoming domestic-content
requirements,” said Boris Schubert, Managing Director, Q Cells
Systems for North America. “We are impressed by Ontario’s
commitment to utility scale renewable power generation and look
forward to playing a significant role in delivering stable and
reliable solar power to the Provence.”
Introduced in June of 2009, Prism is the industry’s most
advanced 1 MW solar PV power conversion system and is built on
Satcon’s PowerGate® family, the world’s most widely deployed large
scale inverter solutions, with hundreds of millions of grid
connected kilowatt hours delivered to date.
“Q-Cells is recognized as a world leader in the solar industry
and is at the forefront of delivering sustainable, green technology
to its global customers,” said Steve Rhoades, Satcon’s President
and Chief Executive Officer. “We look forward to partnering closely
with Q-Cells to bring efficient and reliable solar power to
Ontario.”
About Satcon
Satcon Technology Corporation is the leading provider of utility
scale power solutions for the renewable energy market, enabling the
industry’s most advanced reliable and proven clean energy
alternatives. For over 24 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.
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and similar expressions. Investors should not rely on forward
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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.
© 2010 Satcon Technology Corporation. All rights reserved.
Satcon is a trademark of Satcon Technology Corporation. All other
trademarks are the property of their respective owners.
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