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Oct 5th, 2010
Satcon partners with GCL Solar for strategic manufacturing agreement
Satcon Technology Corp. just announced a strategic manufacturing agreement with GCL Solar Systems Ltd to boost production of their 500kW PowerGate Plus line of solar PV inverters for the Asia Pacific market.
Included in the terms of the agreement, GCL Solar is commissioning a manufacturing facility in Nanjing, China, projected to be capable of producing over 500MW of production of the 500kW PowerGate Plus inverters in 2011. Satcon shall equip GCL Solar with the core manufacturing processes and technologies for the PowerGate Plus solutions for final assembly at the GCL Solar plant. In turn, GCL Solar has agreed to purchase from Satcon the capacity to generate a minimum of 300MW per year out of the GCL Nanjing operation. The PowerGate Plus 500kW inverters manufactured at the Nanjing facility under this agreement are planned to be sold by GCL Solar into the Chinese solar PV market, and utilized in GCL Solar funded utility solar developments around the globe.
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