The micro-FIT market will take $80 to $100 million worth of inverters

the micro-FIT market will take $80 to $100 million worth of inverters Sustainable Energy Technologies Ltd (TSX VENTURE:STG) ("Sustainable Energy") Canada's leader in contestant solar inverter technologies announced today that it will supply SUNERGY inverters and peripheral components for 244 ground based Ontario micro-Fit projects being developed by a major solar power project developer. Total capacity of the systems, which will be delivered over the next 6 months, is 2.44 MW.

"We believe that the micro-FIT market will take $80 to $100 million worth of inverters over the next 6 - 9 months. This is one of the first large micro-FIT orders in the Province and positions Sustainable Energy as a key player in this part of the Ontario market," said Michael Carten, Chief Executive Officer of Sustainable Energy.

"Demand for SUNERGY inverters is accelerating into the first Quarter of 2011, as the OPA begins to clear the backlog of applications, especially for ground based systems like these, which must be completed by May 30, 2011 to access higher FIT rates."