Canadian Solar (CSIQ) Joins Forces With Satcon (SATC)

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08:55:48 am on October 2, 2009

Canadian Solar just announced that it has signed an agreement with Satcon, the utility scale power solutions provider. As part of the turnkey solution distribution agreement between the two companies, they will be bundling Canadian Solar’s commercial solar PV systems with Satcon’s commercial solar PV inverters and marketing them together.

This should benefit customers by making it easier for them to design and install a solar power system that meets their needs. It also meets the requirements to qualify for Ontario’s Feed-in-tariff program.

In a press release, Dr. Shawn Qu, Canadian Solar’s Chairman and CEO, commented on the deal:

Canadian Solar Inc. remarked, “The Canadian Solar and Satcon turnkey solutions agreement enables customers to maximize rooftop solar energy generation through a combination of Canadian Solar’s distinct PV panels with Satcon’s tested and proven large scale solar inverter solutions.  The partnership assures maximum power production in virtually any rooftop environment. “

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