Evergreen Solar signs $1.2 billion sales agreement with IBC SOLAR

In a further extension to the company’s order backlog, Evergreen Solar has agreed to supply IBC SOLAR AG with solar panels to the value of approximately $1.2 billion. The contract, which extends through 2013, brings the company’s contractual backlog to almost $3 billion and is, according to Evergreen’s CEO Richard Feldt, the company’s largest single contract ever.

The panels will be manufactured at Evergreen’s new 160MW facility in Devens, Massachusetts and also at its new facility that is expected to open in 2010. Evergreen Solar has contracted around 70% of its Devens production capacity until 2010 and approximately 100% of its Devens capacity from 2011 to 2013.

By Síle Mc Mahon

Newsletter

Preview Latest Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 16th Edition

    Photovoltaics International 16th Edition

    This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.

  • Photovoltaics International Lite, Volume 05 - 2011

    Photovoltaics International Lite, Volume 05 - 2011

    This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.

  • Manufacturing The Solar Future: The 2012 Production Annual

    Manufacturing The Solar Future: The 2012 Production Annual

    Manufacturing the Solar Future 2012, the second in the Photovoltaics International PV Production Annual series, delivers the next installment of in-depth technical manufacturing information on PV production processes.

Partners

Acknowledgements

Solar Media