Evergreen Solar Takes US $1.2 Billion Order (long term contracts now at $3B)

[jpak]

http://www.renewableenergyworld.com/rea/news/story?id=53067

Evergreen Solar, a manufacturer of solar power panels with string ribbon wafer technology, announced it has signed a new long-term sales contract valued at approximately US $1.2 billion with German-based distributor IBC SOLAR AG. This contract extends through 2013 and brings the company's total contractual backlog to nearly US $3 billion with 5 customers.

The solar panels for these take-or-pay contracts will be manufactured at the company's 160-MW facility in Devens, Massachusetts, which opened in June, and at the company's next factory, which is expected to open in 2010. To date, Evergreen has contracted approximately 70 percent of Devens' expected capacity through 2010 and all of Devens' capacity in 2011 through 2013.

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[whistle]

1. Interesting company

http://www.evergreensolar.com/app/en/installations/?page=23&type=&location=#alignTop

[phantom power]

2. These guys might be the only stock purchase I ever make money on.

I could make tens of dollars. Series!

[GreenPartyVoter]

3. Tens of dollars?! Woohoo! I get like 11 cents a quarts from one or other of the

phone companies.

But the stock has been worth it because every time those telecoms split up I got like $50 or $70.