Satcon Expands International Operations

BOSTON--(BUSINESS WIRE)--Satcon (NASDAQ CM:SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, today announced that it has signed a preferred reseller agreement with Survey Digital, an Athens, Greece based company that provides consulting and power conversion system solutions for solar PV systems.

This announcement succeeds the 40-50 euro cent feed-in tariff published by the Greek Regulatory Authority for Energy (RAE) in 2008 with the goal of generating 700 megawatts of solar power by the end of 2009. Under this agreement, Survey Digital will be the preferred reseller of Satcon solutions, including the industry leading PowerGate Plus solar PV inverters, for Greece, Cyprus, Bulgaria, and the Former Yugoslav Republic of Macedonia.

\"With the combination of one of the highest feed-in tariffs for PV production in the world, generous subsidies and a favorable consumer climate, Greece has quickly become a very exciting marketplace to invest in utility scale PV projects,” said Dr. Konstantinos Daniilidis, founder of Survey Digital. “Satcon is the global leader in supporting utility scale PV projects with the highest quality PV inverters, most diverse product line, and extensive experience in solar energy management. Partnering with them enables us to provide the industry’s most innovative and efficient tools for maximizing PV investment profits in Greece.”

“Greece’s solar incentives will create significant demand for advanced featured, large scale solar inverter solutions,” said Steve Rhoades, Satcon’s President and CEO. “We are pleased to partner with Survey Digital, a well known expert and leader in the Greek solar market, to deliver the world’s most advanced reliable and profitable rooftop and large scale solar solutions to the Greek market.”

Satcon’s PowerGate Plus utility ready solutions are the industry standard for large-scale solar PV systems. With eleven power ratings from 30kW to 1MW, Satcon offers the widest range of products in the large-scale solar industry. Engineered from the ground up to meet the demands of large-scale installations, Satcon PV inverters feature an outdoor-rated enclosure, advanced monitoring and control capabilities, and Edge™, Satcon’s next-generation MPPT solution.