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