groSolar
has signed a follow-on $175 million deal for solar module supply from
Evergreen Solar for the commercial and residential solar market in
North America. The contract will continue through 2012. The two
companies had signed a previous contract worth $88 million in 2006.
Jeff Wolfe, CEO of groSolar, said: “groSolar is excited about extending our partnership with Evergreen. Our first long term contract provided a strong impetus for groSolar’s tremendous growth. At the same time, Evergreen Solar has grown into the company that we knew it would, creating the highest quality product. Their increased US-based manufacturing, lowest carbon footprint product, and leading innovation will assist groSolar in continuing to lead the solar industry.”
“groSolar’s confidence in Evergreen’s abilities and the quality of our product is a testament to the work we have done with them over the past two years,” said Dr. Terry Bailey, Senior Vice President, Marketing and Sales. “The two companies have grown and emerged as true leaders in the solar industry. We are proud to have groSolar as a partner and look forward to continuing to grow our business together.”
The solar modules will be manufactured at the Evergreen Solar’s Devens, MA facility.
