The 20 Megawatt Solar Power Projects Will Be Among the Largest in North America
Satcon Technology Corporation(R), 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(TM) solutions, Satcon’s(TM) 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(R) 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.
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.
(C) 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.
SOURCE: Satcon Technology Corporation
Satcon Technology Corporation
Michael Levi, 949-201-5955
Senior Director of Worldwide Marketing
Michael.Levi@satcon.com
