Satcon Technology (SATC) Lands Another Deal, Shares Seek Bottom

It’s been a good start to October for Satcon Technology (SATC), a leading provider of utility-scale power conversion solutions for the renewable energy market.  A week ago the company announced a 40MW deal with Q-Cells and this morning announced a 35MW deal with Borrego Solar.  Borrego will utilize the entire suite of Satcon products for various projects which include military, commercial and utility installations over the course of the next year.

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“Borrego is one of California’s most progressive solar developers,” said Darryl Parker, Satcon’s Vice President of Sales for North America. “This expanded partnership agreement will strengthen our already strong collaboration as we continue to work closely to deliver the next generation of solar power together.”

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