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Company to Supply 40 MW of Additional Solutions to Complete 60 MW Plant in Ontario

BOSTON–(CRWENEWSWIRE)– Satcon Technology Corporation(R) (NASDAQ:SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market, today announced that it has been selected by Q-Cells North America to supply an additional 40 megawatts (MW) of their Prism Platform solutions for the Starwood project in Sault St Marie, Ontario.

The Starwood projects are contracted under the Renewable Energy Standard Offer Program (RESOP) developed and overseen by the Ontario Power Authority (OPA) and will connect to local utility PUC Distribution, Inc. The combined 60MW project, when complete, will be the second largest in North America and among the largest in the world.

Q-Cells will deploy a combination of eight 1.25 megawatt Equinox Prism Platforms and twenty-four 1.25 megawatt Solstice Prism Platform solutions. Prism Platform is Satcon�s turnkey utility-grade multi-megawatt building block, complete with factory integrated step-up transformers, MV disconnect switches, and power conversion electronics.

The factory integrated building blocks leverage a combination of Satcon�s next-generation Equinox PV inverters ,with 98.5 percent peak efficiency and the industry�s widest thermal operating range, and Solstice Systems, the industry�s first complete power-harvesting and array management solution for utility-scale solar power plants.

The project builds on the success of Starwood SSM1, a 20MW installation that came online in October 2010 and utilizes Satcon�s PowerGate Prism Platform solutions.

About Satcon

Satcon Technology Corporation(R) 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 Q-Cells

Q-Cells North America, part of Q-Cells SE, designs, builds and manages financially sustainable solar photovoltaic (PV) solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. Q-Cells North America offers the full spectrum of PV solutions–from the core technology of cells and modules to power plant development, design, construction, operations and maintenance. With proven capabilities across the solar value chain, Q-Cells North America minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in solar energy. For more information about Q-Cells North America, please visit www.q-cells.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.

Source: Satcon Technology Corporation

Contact:

Satcon Technology Corporation
Michael Levi, 949-201-5955
michael.levi@satcon.com
or
Leah Gibson, 617-910-5515
Leah.Gibson@satcon.com

 

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