Satcon Technology (SATC) To Supply Solar Inverters For 19.5MW Solar Project In Germany

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10:17:09 am on February 15, 2011

Satcon Technology (SATC) will be the solar inverter supplier for a 19.5MW solar project in Germany.  They will supply 39 of their PowerGate 500kW which represents the largest German order for the company.

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“The Tauberlandpark project is one of Germany’s largest Utility-Scale solar power installations,” said Andreas Schneider, Chief Executive Officer of relatio Holding. “A project of this scale demands that we partner with an industry leader who brings both the high quality technology and experience that will deliver the highest levels of performance and reliability to our customers. We have selected Satcon due to the proven success of their PowerGate Plus solar PV inverters in many of the world’s largest and most complex large-scale solar power plants.”

Shares of SATC have remained in a strong uptrend over the past several months and that continues today, with the stock pushing off the 50 day moving average.  It has given back the morning gain, but still quite bullish on the daily chart.

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