Friday, June 24, 2011

Satcon selected by BIOSAR Energy SA for 20 MW of utility-scale solar projects in Southern Europe

BOSTON, USA: Satcon Technology Corp., a leading provider of utility-scale power solutions for the renewable energy market, 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 percent 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 CEO. “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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