Satcon Technology Corp. announced a partnership with Great Wall Computer Company Limited (GWPC), a majority-owned subsidiary of China Electronics Corporation (CEC). The partnership will position Satcon to capitalize on the estimated 14GW of utility scale projects under development, fueled by the country’s Feed-In Tariff program. Of the 14GW of identified non-residential solar projects in development in China today, the majority are expected to be developed by China State Owned Entities.
The partnership, which includes a five-year contract manufacturing agreement and a sales, marketing and distribution relationship, supports Satcon’s strategic plan to continue to deliver its industry-leading utility scale inverter technologies at the industry’s lowest possible cost though a world-class manufacturing and supply chain operation and localized access to the Chinese large scale solar market. GWPC is one the world’s largest electronics contract manufacturers and is publicly traded on the China Stock Exchange (Code: 000066). CEC, a Fortune Global 500 company, is China’s largest technology firm and one of 53 China State Owned Entities.