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Satcon Receives 150MW Order from Chinese Solar Developer

|Includes: IQVIA Holdings, Inc. (IQV)
Satcon Technology Corp (NASDAQ CM: SATC), one of the many companies we cover on green investing,  announced an order for 150 megawatts (MW) of its 500kW solar PV inverters from GCL Solar Limited, one of China’s largest utility solar power plant developers.

This deal marks the second phase of Satcon’s partnership with GCL that was established in 2009.

Satcon will begin supplying the inverters in April, with all deliveries scheduled for completion in October of 2010.

Satcon’s 500kW units will be used on multiple utility scale projects across China and will build on previous collaboration between the two companies, which includes the 3-MW and 20-MW power plants completed in December of 2009, China’s largest rooftop and ground mounted installations respectively.

“The foundation of China’s large scale photovoltaic industry has been firmly established over the past year and the market is now entering its next phase in both project sophistication and scale,” said Dr. Gu Huamin, General Manager of GCL Solar Limited.



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