Satcon Powers China’s Largest Ground-Mounted and Largest Rooftop Projects of 2009
January 14 2010 - 8:30AM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility scale power solutions for the renewable energy
market, today announced that it has delivered 23 megawatts of its
PowerGate® Plus 500kW solar PV inverters to GCL Solar Limited for
its 20 megawatt Jiming Hill Xunzhou solar plant and its 3 megawatt
Yancheng Guoneng rooftop installation.
The Xunzhou solar plant is located on four hundred thousand
square meters (99 acres) of hillside in the Xuzhou City Jiangsu
Province. The 20MW installation, energized December 30, 2009, is
expected to have an annual power generation of approximately
26,000,000kWh and operate for approximately 1,300 hours annually,
making it the largest installed solar power plant in China. The
entire project, from site selection, through feasibility analysis,
project transfer, supply operating and maintenance proposal,
training and final project guarantee, was completed in three and a
half months, making it the fastest successfully completed build
cycle for a project of this size to date.
The 3MW Yancheng Guoneng rooftop installation, energized
December 31, 2009, will produce three million three hundred seventy
thousand kilowatt-hours (3,370,000Kwh) of grid connected solar
power annually. It resides on 46 million square meters of factory
rooftop, making it the largest rooftop project in China. The entire
project was completed, from design to activation, in seventy-five
days.
“Both the Xunzhou photovoltaic power station and the Yangcheng
City rooftop installation are technological breakthroughs in
project construction and technology innovation,” said Dr. Gu
Huamin, General Manager of GCL Solar Limited. “The two
installations clearly demonstrate China’s increasing demand for
utility scale renewable power production and its commitment to
large scale solar innovation.”
“China is quickly becoming the world’s leading adopter of
utility scale solar power production,” said Steve Rhoades, Satcon’s
President and Chief Executive Officer. “Satcon has developed and
deployed the world's most widely utilized large scale solar PV
inverter solutions. Our technical innovation and expertise provide
our customers with the industry's most advanced and proven utility
scale solutions, optimized in design and performance to deliver the
energy safety, security, reliability, sustainability and efficiency
required to power the world's renewable energy needs.”
“Satcon is a trusted name in China, having their first PowerGate
solutions installed at Beijing’s National City Museum in 2003,”
continued Dr. Gu. “The combination of their deep experience in
delivering advanced, utility scale solar power plant systems and
the proven efficiency and reliability of their solutions gives us
the confidence to partner with them as we capture the huge
opportunities arising from global photovoltaic power generation and
become a leading photovoltaic power generation operator in the
world in the next few years.”
“We are both honored and excited to partner with an industry
leader like GCL to develop a total system solution that delivers
the highest levels of performance and reliability designed
specifically for the Chinese Utility Scale Solar market,” continued
Rhoades. “The Xunzhou and Yangcheng City installations are the
first of what we expect to be many projects together.”
The 20MW Xunzhou power station is projected to save seven
thousand five hundred and fifty tons (7,550T) of standard coal, and
decrease greenhouse CO2 emissions by twenty thousand one hundred
fifty five tons (20,155T). The 3MW Yancheng rooftop project is
projected to relieve greenhouse CO2 emission two thousand seven
hundred forty three tons (2,743T). Both installations will help
reduce the introduction of significant waste byproducts to the
environment that result from non-renewable energy generation.
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.
About GCL Solar Limited
GCL Solar Limited, located in Nanjing China, covers an area of
more than 330 thousand square meter of PV base. The company has
established business academicians’ workstations and post-doctoral
research station. GCL Solar also has a complete professional
engineering and technical personnel of more than 300 people that
has project implementation experience with strong solar technology
of research and development, engineering design, equipment
manufacturing, systems integration and turn-key project of PV power
plant.
GCL Solar Limited specializes in consulting, design, system
integration and total project contracting services of all kinds of
solar system, such as medium and large sized of on--grid solar
power plants, small--scale off--grid power PV systems, PV/wind
power hybrid generating system, BIPV, BAPV rooftop systems
engineering project and so on. The company has successful completed
the largest PV power plant (20MW) on the ground and the largest
BAPV (3MW) project in China that guide by General Manager Dr. Gu
Huamin currently.
To learn more about GCL Solar limited, please visit
www.gcl-eng.com or www.gcl-solar.com.cn.
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.
Satcon Technology Corp. (MM) (NASDAQ:SATC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Satcon Technology Corp. (MM) (NASDAQ:SATC)
Historical Stock Chart
From Oct 2023 to Oct 2024