Satcon Selected for Second Largest Solar Farm in Puerto Rico
Company Partners with Western Wind and Lord Electric to Deliver Thirty Megawatts of its Equinox Prism Platform Solutions
BOSTON--(BUSINESS WIRE)--May. 16, 2012-- 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 Western Wind and Lord Electric to supply 30 megawatts (MW) of its Equinox Prism Platform solution, a fully integrated multi-megawatt medium voltage (MV) building block, optimized for utility-scale PV installations.
Western Wind and Lord Electric will deploy twenty 1.5 MW Equinox Prism Platforms to power the second largest PV plant in Puerto Rico. Equinox Prism Platform is a turnkey utility-grade multi-megawatt solution, complete with factory-integrated step-up transformers, MV disconnect switches, and power conversion electronics. The factory integrated solution leverages Satcon’s next-generation Equinox PV inverters with 98.5 percent peak efficiency and the industry’s widest thermal operating range, delivering the highest levels of performance and low installation costs enabling the industry’s lowest levelized cost of energy (LCOE).
All Prism Platform solutions include EDGE Adaptive Control Architecture (ACA)™, enabling instant voltage stabilization, frequency control, and dynamic grid support. EDGE ACA secures the continuous operation of the PV plant in the event of dynamic ground faults and achieves the performance guidelines set forth by the German Association of Energy and Water Industries (BDEW 2008 Grid Connection Standard).
This site is expected to be energized in March 2013.
Satcon Technology Corporation® is the leading provider of utility-scale power conversion solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 27 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.
About Western Wind
Western Wind Energy Corp. (OTCQX: WNDEF; TSX.V: WND) trades in the United States on the OTCQX under the symbol “WNDEF” and on the TSX Venture Exchange under the symbol “WND”. Western Wind is a vertically integrated renewable energy production company that directly owns over 165 MW of rated solar and wind capacity in production in the States of California and Arizona. Western Wind further owns substantial additional development assets for both solar and wind energy in California, Arizona, Ontario, Canada; and in the Commonwealth of Puerto Rico.
About Lord Electric
Lord Electric Company of Puerto Rico, Inc is an electrical and mechanical contractor that has established record of quality work during its 52 years of existence in Puerto Rico. Lord has a vast experience in almost every market of the construction industry: commercial, industrial, institutional, pharmaceutical process and biochemical's, communications, power lines, transportation infrastructure, power generating plants, renewable energy and water filtration and processing plants.
Statements made in this press release that are not historical facts or which apply prospectively are forward-looking statements that involve risks and uncertainties. These forward-looking statements are identified by the use of terms and phrases such as "will," "intends," "believes," "expects," "plans," "anticipates" and similar expressions. Investors should not rely on forward looking statements because they are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ materially from the company's expectation. Additional information concerning risk factors is contained from time to time in the company's SEC filings, including its Annual Report on Form 10-K and other periodic reports filed with the SEC. Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The company expressly disclaims any obligation to update the information contained in this release.
Source: Satcon Technology Corporation
Satcon Technology Corporation
Michael Levi, 949-201-5955
Leah Gibson, 617-910-5515