Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products, announced today that it has signed a ten-year polysilicon supply agreement with Silicium de Provence S.A.S. (Silpro) for shipments beginning in mid 2010.
“With the Silpro agreement, we now have contracts for 100% of the silicon that we need to meet our previously stated cumulative sales goal of over 1 gigawatt of solar panels from 2008 to 2012 including over 500 megawatts of sales in 2012,” said Richard M. Feldt, Chairman, President and CEO of Evergreen Solar.
“At less than 5 grams per watt today, we believe we are the clear industry leader in efficient polysilicon usage. Our new Quad wafer technology should enable us to further reduce our silicon usage to approximately 2.5 grams per watt over the next few years,” he said.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company says its patented crystalline silicon technology, known as String Ribbon, uses significantly less silicon than conventional approaches. Evergreen Solar’s products provide environmentally clean electric power for residential and commercial applications.
About Silicium de Provence S.A.S.
Silpro is dedicated to the production of highly pure silicon for the solar power industry. Located in Saint Auban, France, Silpro’s initial capacity will total approximately 4,000 metric tons starting in 2010. Long term, Silpro’s capacity is expected to double to approximately 8,000 metric tons.
Silpro is owned by SOL Holding (a joint venture formed between Econcern and SOLON), Photon Power Industries (a wholly owned subsidiary of Photon Power Technologies) and Norsun.
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