Satcon: Agreement with Borrego Solar
Satcon Technology Corporation, a leading provider of utility-scale power conversion solutions for the renewable energy market, announced that it signed a Master Service Agreement with Borrego Solar to provide 35 megawatts (MW) of industry leading utility-ready solar power solutions.
"Borrego Solar is pleased to enter into a mutually beneficial partnership with Satcon," said Aaron Hall, President of Borrego Solar who manages the national installer's procurement of major PV system components. "Borrego Solar only sources the highest quality products for its customers, and this supply commitment from Satcon ensures we'll have access to some of the most proven inverter technologies on the market when we need, and at competitive prices."
As part of this agreement, Borrego Solar will utilize the entire Satcon solution portfolio including PowerGate(R) Plus, the world's most widely deployed utility-ready solution; Satcon Solstice(R), the industry's first complete system solution for utility-scale solar; Satcon Equinox(TM), the next generation inverter solution with 98.5% efficiency and industry leading thermal operating range; and Satcon Prism Platform(TM), a fully integrated multi-megawatt medium voltage (MV) solution optimized for utility-scale PV installations. All of Satcon's solutions include advanced utility-ready features to enable simplified grid interconnection and can be easily integrated into SCADA systems through standardized communication interfaces.
"Borrego is one of California's most progressive solar developers," said Darryl Parker, Satcon's Vice President of Sales for North America. "This expanded partnership agreement will strengthen our already strong collaboration as we continue to work closely to deliver the next generation of solar power together."
These projects will be a combination of military, commercial, and utility-scale solar installations and are expected to be installed over the next 12 months.
Satcon Technology Corporation(R) 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 26 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 Borrego Solar
Established in 1980, Borrego Solar Systems, Inc. is one of the nation's leading financiers, designers and installers of commercial and government grid-connected solar power systems. Borrego Solar's photovoltaic systems are efficient, reliable and cost-effective. With more than three decades of experience and more than 1,000 solar power installations completed--totaling more than 35 MW--Borrego Solar offers a complete line of solar systems design and installation services throughout California, New England, and the Mid Atlantic. For more information, visit www.borregosolar.com.
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, 617-897-2400