Satcon Selected by BIOSAR Energy SA for 20 MW of Utility-Scale Solar Projects in Southern Europe
June 23 2011 - 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 been selected by BIOSAR Energy
SA, one of Europe’s leading photovoltaic (PV) solar energy
development companies, for multiple utility-scale power plants
across Italy, Greece and Bulgaria.
BIOSAR will deploy thirty-two 625 kilowatt (kW) Equinox™
inverters, Satcon’s next-generation utility-ready solution. With a
peak efficiency of 98.5% and the industry’s widest thermal
operating range, Equinox enhances system-wide energy harvest and
solar plant yield, enabling the large-scale solar industry's
highest return on investment (ROI) and the industry's lowest
Levelized Cost of Energy (LCOE).
“BIOSAR is one of the region’s most successful solar energy
companies and the largest and most successful EPC in the Balkans,”
said Dr. Kostas Daniilidis, Managing Partner of SDL Solar. “These
sites will showcase the state of the art in system design and
technology, and will achieve the highest levels of performance and
reliability. In addition, Satcon inverters’ significantly low
consumption will provide more assurance to BIOSAR when offering
Performance Ratio Guarantees to investors.”
Built upon Satcon's industry-leading PowerGate® Plus inverter
family, the world's most widely-deployed large-scale solution,
Equinox's advanced utility-ready features enable remote control of
real and reactive power, low-voltage ride through and power factor
control. The solution supports fast communications, allowing it to
be easily integrated into SCADA systems through standardized
communication interfaces.
“The BIOSAR projects continue to demonstrate the strength of the
Mediterranean solar market, and in particular, the significant
growth in demand for utility-scale solutions," said Steve Rhoades,
Satcon’s President and Chief Executive Officer. “Together with SDL
Solar, we have built a strong foundation to showcase our industry
leading utility-ready solar solutions in the region. We are honored
to be selected by BIOSAR and to be a part of these innovative
utility-scale solar projects.”
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 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 BIOSAR Energy SA
BIOSAR Energy SA offers integrated solutions in the areas of
design, supply, construction and maintenance of medium &
large-scale PV systems, acting as an EPC contractor. EU Directive
96/92 and subsequently imposed national legislation 2273/99 to
liberalize the power market resulted in BIOSAR Energy SA being
founded in 1999 with the clear scope to develop and operate Power
Stations from Renewable Energy Sources.
Today, BIOSAR is a member of the largest construction group in
Greece ELLAKTOR SA, that acts as a powerful entrepreneurial core of
project management, holdings and concessions in the fields of
infrastructure, real estate and energy. By combining extensive
experience in the RES sector and the reliability given by ELLAKTOR
Group of companies, BIOSAR proudly announces that total installed
capacity will exceed 110 MW until the end of 2011, making BIOSAR
one of the most successful local and international EPC companies in
the solar energy sector.
For more information on BIOSAR Energy, please visit:
www.biosar.gr.
About SDL Solar
SDL Solar is an Authorized Distributor of Satcon® inverters and
a leading PV developer that is active worldwide, with its main
focus being the Greek, Italian, Bulgarian and US markets. SDL Solar
provides a full range of solutions for PV projects in all stages,
from the development of permits and licenses, to the financing,
connection, management, ownership and sale of operating PV parks.
For more information on SDL Solar, please visit:
www.sdlsolar.com.
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in the company's SEC filings, including its Quarterly Report on
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