Satcon Selected by Q-Cells for the Second Largest Solar Plant in North America
October 05 2011 - 8:30AM
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 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® 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.
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facts or which apply prospectively are forward-looking statements
that involve risks and uncertainties. These forward-looking
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"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.
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