Satcon Selected for Twenty Five Solar Installations in Greece
February 17 2010 - 7:30AM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility scale power solutions for the renewable energy
market, today announced that it has been selected by EasyPower S.A.
to supply 2.5 megawatts of its PowerGate® Plus 100 kilowatt solar
PV inverter solutions across 25 installations on the island of
Rhodes, Greece.
The solar power plants will be developed and constructed by
EasyPower S.A. and are expected to generate enough solar energy to
supply 1.2% of the islands electricity demand. The installations
will be owned by EasySolar S.A., RNA Power S.A., and Diachrisi
Iliakis Energeias S.A. as part of a 2.5MW project.
At present, the island’s power is made by diesel generators
which can produce up to 194.4MW during peak demand periods. Rhodes’
energy consumption surges during the summer months as the
population of the island swells by three hundred percent. The solar
installations will provide critical peak demand support, enhancing
grid stability while delivering cost effective renewable energy for
the population in addition to supporting the island’s year round
base load demands.
“The project in Rhodes presents unique design challenges that
require we develop a complete solution that can be scaled across 25
distributed locations,” said Nikos Savouris of EasyPower. “Each
power plant can directly contribute to the stability of the entire
island’s power grid. With this in mind, and with the responsibility
of providing reliable and cost effective energy for community of
the island, we designed a system that will enhance each plant’s
performance, along with its stability and durability, while
reducing the carbon footprint from electricity production on the
island throughout the years.”
Each plant is composed of Satcon’s PowerGate Plus solutions,
combined with two-axis trackers and high efficiency monocrystalline
modules and could generate in excess of 225,000 kilowatt hours
(kWh) annually.
“Satcon’s proven technology, their innovative features, and
their ability to address the particular requirements of the local
grid made their PowerGate Plus solutions the obvious choice for
us,” continued Savouris. “We expect that, based on our previous
experience with other Satcon projects, we will maximize the
performance and durability of these power stations and exceed
investor expectations.”
“These installations demonstrate the increased penetration of
large scale solar power generation into today’s island and urban
energy grids,” said Peter Deege, Satcon’s General Manager for
Europe. “Our experience in utility scale and island grid solar
solutions combined with EasyPower’s design, engineering and
construction expertise will ensure that these solar plants are a
secure and cost effective renewable energy source for the island.
We are honored to be selected by EasyPower.”
About Satcon
Satcon Technology Corporation is the leading provider of utility
scale power solutions for the renewable energy market, enabling the
industry’s most advanced reliable and proven clean energy
alternatives. For over 24 years, Satcon has designed and delivered
the next generation of efficient energy systems for solar
photovoltaic, stationary fuel cells, wind-turbines, and energy
storage systems. To learn more about Satcon, please visit
www.Satcon.com.
About EasyPower SA
EASY POWER S.A. was established on 1st February 2007. Its
mission is to invest in Renewable Energy sources having created the
resources and infrastructure for the design, development,
distribution and installation of electrical power production
systems using Renewable Energy sources. This is in combination with
the management and operational maintenance of Renewable Energy
systems.
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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.
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