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 GCL Solar Energy, to supply forty-five of their Equinox 500 kilowatt (kW) inverters, along with over 1900 Satcon Solstice Subcombiners, 680 of its SSC Smart Subcombiners, and 64 medium voltage transformers, which will be used in the construction of a 76MW solar power plant in the Caribbean.
“We’ve seen demand for solar PV continue to grow in the Americas over the last two years. First with commercial systems and most recently in large utility-scale power plants.” said Pete DeGraff, Executive Vice President of Worldwide Sales, Services and Marketing for Satcon. “Satcon’s leading power conversion solutions continue to be deployed by the most respected developers in solar, and we are very proud to have been selected by GCL Energy for this project.”
The Equinox 500kW is the next generation of Satcon’s flagship 500kW solar inverter solution, which has been utilized by the industry’s leading solar developers on over a gigawatt of cumulative PV power systems. With 98.5 percent peak efficiency and the industry’s widest thermal operating range, Equinox solutions improve system-wide energy harvest and solar plant yield for best-in-class performance, enabling the large-scale solar industry's lowest Levelized Cost of Energy (LCOE). The efficiency gains, compared to other similar solutions, will enable utility-scale plants to produce millions more kilowatt hours over the life of the system, and add millions of dollars to the bottom line of the plant owner operators.