BOSTON--(BUSINESS WIRE)--Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of utility scale distributed power solutions for the renewable energy market, announced today that it has signed a distributor agreement with Parity Solar Ltd., a solar project developer and manufacturer of thin-film photovoltaic (PV) modules in China. This partnership will offer end-to-end solutions for the large scale commercial and utility solar energy market in China.

“The recent incentives set forth by China’s Ministry of Finance for both solar investments and feed-in tariffs will accelerate the country’s adoption of solar power projects above 50 kilowatts,” said Scott Burton, CEO of Parity Solar, Ltd. “Satcon’s solutions have been field-tested in many of the world’s largest solar installations and have the proven quality and performance required to be differentiated and capture a significant share of the large scale market in China. We are excited to partner with Satcon to deliver the most advanced end-to-end PV solutions to the Chinese market.”

Satcon’s utility ready solutions are the industry standard for large-scale solar PV systems. With eleven power ratings from 30kW to 1MW, Satcon offers the widest range of products in the large-scale solar industry. Engineered from the ground up to meet the demands of utility scale installations, Satcon PV inverters feature an outdoor-rated enclosure, advanced monitoring and control capabilities, and Edge™, Satcon’s next-generation MPPT solution.

“2008 was a year of significant growth both domestically and internationally for Satcon, and we continue to see escalating worldwide demand for our innovative PowerGate Plus solutions,” said Steve Rhoades, President and CEO of Satcon. “Our partnership with Parity will enable us to deliver Satcon’s industry leading standards of quality, performance and reliability through a local sales, service and support network in China.”

About Satcon

Satcon Technology Corporation is a 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 22 years, Satcon has designed and delivered the next generation of efficient energy systems for solar photovoltaic, stationary fuel cells, wind-turbines, and energy storage systems. To learn more about Satcon, please visit www.Satcon.com.

About Parity Solar, LTD.

Parity Solar is based in Hong Kong and mainland China and markets solar products and solutions worldwide including land based solar parks in conjunction with industry leaders. Parity is establishing multiple PV module manufacturing operations in China with combined output in excess of 600MW.

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