Satcon Technology (SATC) To Ship 38MW Of Solar Inverters To Large China Developer

Satcon Technology (SATC) is on a roll.  A few weeks ago the company announced its largest order to date to a European company and today it’s topping that with a 38MW order for its solar PV inverters from one of China’s largest utility solar plant developers, GCL Solar.  This is a follow on order following a previously announced 23MW order from GCL.  The PowerGate Plus 500kW  inverters will be installed at three solar plants

Satcon CEO Steve Rhoades commented: “GCL continues be a key driver in the rapid growth of China’s utility scale solar market. The increased scope and volume of these installations highlight the importance of engineering and construction innovation supported by the worlds most advanced and reliable technology solutions. With these new power plants, GCL expands its leadership position in both the China and the global utility scale solar market. We are excited and honored to be a valued partner to GCL as we work together to help make China become one of the world’s leading utility scale solar power producing countries.”

Shares of SATC are up 4% this morning and pushing back above the 50 day moving average as it works to carve out a new base.

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