Evergreen Solar Inc. has signed two new long-term sales contracts, valued at approximately $600 million, with U.S.-based groSolar and Germany-based Wagner & Co Solartechnik GmbH. These contracts extend through 2012 and bring the company's total contractual backlog to approximately $1.7 billion.
The solar panels for these two contracts – using Evergreen's proprietary String Ribbon wafer technology – will be manufactured at the company's Devens, Mass., facility, which will begin panel production in July.
SOURCE: Evergreen Solar
