Satcon Selected by Constellation Energy for 65 MW of PV Projects
07 June 2011 - 11:30PM
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 Constellation Energy (NYSE: CEG) for 65 megawatts (MW) of
photovoltaic power projects across the United States. The
installations feature a variety of different panel technologies
(thin film, polycrystalline) and array types (ground mount,
rooftop) and will utilize Satcon inverters.
The largest of these solar power projects is for an aggregate 25
MW of ground mounted PV power plants located near Sacramento,
California. These advanced utility-scale facilities feature
twenty-five Satcon PowerGate Plus 1 MW inverters. Constellation
Energy will own and operate the systems and sell the electricity
generated from them to the Sacramento Municipal Utility District
(SMUD) under ten, 20-year power purchase agreements. Belectric,
Inc. is the engineering, procurement and construction contractor
for the project which is anticipated to be commercially operational
by the end of 2011.
In addition to the Sacramento installations, Satcon has also
been selected for a 5 MW rooftop system, which, when complete, will
be one of the largest rooftop PV installations in North America.
The system will use thirteen Satcon PowerGate Plus 500 kW inverters
and is expected to generate approximately 6,362 megawatt-hours
(MWh) of electricity each year.
The remaining Constellation Energy systems will use Satcon
PowerGate Plus 500 kW or Equinox 500 kW inverters, part of Satcon’s
industry leading portfolio of utility-scale power conversion
solutions with over 2 gigawatts (GW) sold worldwide, the world’s
most widely deployed large-scale solar solutions.
“We believe that system design should always be based on
customer needs and the requirements of the site,” said Ron
Melchior, Vice President of Renewable Energy for Constellation
Energy's retail business. “Satcon’s technology and ability to
tailor each power conversion solution to each installation made
them the logical choice for these solar power projects.”
“These 65 megawatts of solar power installations across the U.S.
demonstrate the strong growth we are seeing in the North American
utility-scale solar power market,” said Steve Rhoades, Satcon's
President and Chief Executive Officer. “We look forward to working
closely with Constellation now and in the future to drive further
penetration of utility-scale solar power in North America.”
About Constellation Energy
Constellation Energy (www.constellation.com) is a leading
competitive supplier of power, natural gas and energy products and
services for homes and businesses across the continental United
States. It owns a diversified fleet of generating units, totaling
approximately 12,000 megawatts of generating capacity, and is a
leading advocate for clean, environmentally sustainable energy
sources, such as solar power and nuclear energy. The company
delivers electricity and natural gas through the Baltimore Gas and
Electric Company (BGE), its regulated utility in Central Maryland.
A FORTUNE 500 company headquartered in Baltimore, Constellation
Energy had revenues of $14.3 billion in 2010.
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.
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information contained in this release.
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