Satcon to supply 10 Units of PowerGate Plus 500kW and 31 Units of Equinox 500kW inverter solutions for one of the most significant Greek PV initiatives?


Solar Cells Hellas will equip the multiple installations with Solar Cells' crystalline PV modules and Satcon inverters. SDL Solar, a Satcon authorized distributor, and Satcon will supply 10 units of PowerGate Plus 500kW inverters, the world's most widely deployed utility-scale inverter, and 31 units of Equinox 500kW inverters.

The PV power plants are expected to be installed and put into operation throughout 2011 with the final inverter delivery in September of 2011. The multiple installations will produce enough electricity to power approximately 8,200 homes.

Satcon's PowerGate Plus solution family is the world's most widely deployed utility-ready solar PV inverter with over 1.5 gigawatts (GW) installed worldwide, including over 1 GW installed of the PowerGate Plus 500 kW model alone. Equinox is Satcon's third-generation central inverter and delivers an industry-leading 98.5 percent peak efficiency combined with the industry's widest thermal operating range.

Dimitris Panagakos, Chairman of the Board of Directors of Solar Cells Hellas, stated: "Solar Cells Hellas will develop and construct a total of 170 MW of its own projects and 130 MW on behalf of its group of investors in Greece and Bulgaria through 2014. The company has secured financing from Greek banks and is committed to use Greek component suppliers whenever possible in order to support Greece's developing PV market. Solar Cells Hellas intends to establish a long-term partnership with Satcon based on its proven reliability and efficiency in utility-scale projects."

"As we continue to expand our global market share in each of the key large-scale solar markets, our partnership with SDL Solar enables us to drive the next generation of utility-ready solar growth in Greece," said Steve Rhoades, Satcon's President and Chief Executive Officer.

"With its attractive feed-in tariff policy and high solar irradiation levels, Greece is emerging as one of the leading markets for advanced large-scale solar installations. Together, Satcon and SDL Solar brought the industry's most advanced technologies and system expertise to Solar Cells Hellas to realize their vision of state-of-the-art utility-scale PV power in Greece."

Kostas Daniilidis, Managing Partner of SDL Solar, stated: "Together with Satcon, we aim to acquire a significant share of the PV market in southeast Europe through strategic partnerships, such as our existing relationship with Solar Cells Hellas."