Included in the terms of the agreement, GCL Solar is commissioning a manufacturing facility in Nanjing, China, projected to be capable of producing over 500MW of production of the 500kW PowerGate Plus inverters in 2011. Satcon shall equip GCL Solar with the core manufacturing processes and technologies for the PowerGate Plus solutions for final assembly at the GCL Solar plant. In turn, GCL Solar has agreed to purchase from Satcon the capacity to generate a minimum of 300MW per year out of the GCL Nanjing operation. The PowerGate Plus 500kW inverters manufactured at the Nanjing facility under this agreement are planned to be sold by GCL Solar into the Chinese solar PV market, and utilized in GCL Solar funded utility solar developments around the globe.
"Over the past two years, the Chinese government has made significant strides in the development and support of large scale renewable energy resources," said Dr. Gu, CEO of GCL Solar. "Our partnership with Satcon has helped our dominant position in this market." He cites that this enhanced level of cooperation will help to deliver advanced large scale solar plants in China and in other projects worldwide.
CEO of Satcon, Steve Rhoades says, "The combination of GCL's system design and construction expertise and our leading technologies allow us to deliver the next generation of total system value to our customers. As we continue to build upon the strong foundation we have developed in China over the past year with GCL, the expanded partnership will enable us to more effectively address the increasing demand for our large scale solutions together."
Production out of the Nanjing manufacturing facility is planned to begin in March of 2011. When added with the company's expanded Burlington, Ontario operations, over-all power production is expected to increase Satcon's worldwide annual manufacturing capacity to over 2GW.