Satcon Technology Corporation(R) (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.
Satcon Technology Corporation(R) (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(TM) 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(R) 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."
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