8 February 2012 – US power conversion specialist Satcon has formed a partnership with China’s Great Wall Computer Company to supply inverters to the Chinese solar market.
The agreement includes a five-year manufacturing agreement, as well as a sales, marketing and distribution relationship. Under terms of the deal, Great Wall has initially agreed to purchase 60MW of Satcon’s PowerGate Plus solutions, expected to be delivered in April.
Steve Rhoades, CEO of Satcon, said, ‘As the worldwide solar market continues to develop, the focus on both inverter performance and costs have intensified. The Great Wall partnership significantly strengthens our company, accelerates our cost reduction efforts and opens up a sizeable opportunity above and beyond our recent success in the China market.’
Zhou Gengshen, CEO of Great Wall, added, ‘Great Wall is highly committed to the promise of solar photovoltaic as a source of clean renewable energy. Satcon is the world’s leading brand in utility-scale solar technologies and this agreement creates a strong, integrated global alliance that will deliver advanced technologies at a cost that makes solar a viable energy source now and for years to come.’