North Coast Solar Stocks

October 2, 2009

Canadian Solar and Satcon Launch First Strategic Partnership Meeting Ontario’s Feed-in-Tariff Domestic Content Requirements

Filed under: CSIQ — Tags: , , , — Jason @ 8:00 am

Leading Solar Solution Innovators Partner with Distribution Agreement to Optimize Turnkey Solutions for Commercial and Industrial Rooftop Solar Power Systems

Friday October 2, 2009, 8:00 am EDT

KITCHENER, Canada, Oct. 2 /PRNewswire-Asia-FirstCall/ — Canadian Solar Inc. (CSIQ), a leading provider of vertically integrated solar cells, solar module and custom-designed solar application products, and Satcon Technology Corporation (SATC), the industry’s leading utility scale distributed power solutions provider for the renewable energy market, today announced they have signed a turnkey solution distribution agreement. As part of the contract, Canadian Solar and Satcon will market Canadian Solar’s commercial solar PV systems with Satcon’s commercial solar PV inverters for commercial rooftop and ground mounted power stations.

The partnership between Canadian Solar and Satcon provides customers with a complete best in class system solution that enables optimal system design flexibility and the highest levels of system performance and uptime for a rapid and continuous return on investment. This partnership also meets the domestic content requirements outlined by the Ontario government in its recently announced feed-in-tariff program.

The combination of Canadian Solar’s quality products and services, credible partnership reputation and prudent financial management compliments Satcon’s innovative power platforms, field proven performance and reliability and their wide range of commercial inverter power ratings provide highly optimized, flexible total system solutions.

The opportunity in the emerging solar markets in Ontario, Canada and China complement both companies who have manufacturing plants in each respective country. They can leverage their presence and experience, which will only enhance the partnership and the products being produced by Canadian Solar and Satcon.

Dr. Shawn Qu, Chairman and CEO, 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. ”

“The partnership between Satcon and Canadian Solar brings together two of the solar industry’s leading technology innovators and allows us to combine our expertise to deliver high performance, complete large scale solar power solutions to our customers,” said Steve Rhoades, President and Chief Executive Officer of Satcon Technology Corporation. “Our partnership will allow us to set the new standards for performance, quality and value for utility scale solar installations worldwide.”

About Satcon (SATC)

Satcon Technology Corporation is the leading provider of utility scale distributed power solutions for the renewable energy market, enabling the industry’s most advanced reliable and proven clean energy alternatives. For over 24 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, and energy storage systems. To learn more about Satcon, please visit http://www.Satcon.com .

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