Satcon Enters Agreement With Chinese Firm

Posted by SI Staff on February 07, 2012 No Comments
Categories : FYI

Satcon Technology Corp. has signed a partnership agreement with Great Wall Computer Co. Ltd. (GWPC), a majority-owned subsidiary of China Electronics Corp.

Satcon says the deal will allow the company to capitalize on the estimated 14 GW of utility-scale projects under development, fueled by the country's feed-in-tariff program. Of the 14 GW of identified nonresidential solar projects in development in China today, the majority are expected to be developed by state-owned entities.

The partnership includes a five-year contract manufacturing agreement and a sales, marketing and distribution relationship. GWPC has committed to an initial purchase of approximately 60 MW of Satcon's PowerGate Plus solutions, which are expected to be delivered by April and utilized for Great Wall projects.

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