October 16, 2006
Evergreen Solar enters $100 million agreement
By Jeff Lavery
Evergreen Solar Inc. in Marlboro has entered an agreement with Mainstream Energy LLC, in which Evergreen will ship $100 million of photovoltaic modules to Mainstream over the course of a four-year contract.
Evergreen, a manufacturer of solar power products using String Ribbon wafer technology, will provide Mainstream with the products. Mainstream will in turn provide to their systems integration and distribution subsidiaries, helping Evergreen to enter new markets. The Mainstream agreement is Evergreen Solar's sixth major contract in 12 months, totaling more than $700 million over the next five years.
The photovoltaic modules will be manufactured at Evergreen Solar's facility in Marlboro and its EverQ factory in Germany.
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