 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Evergreen Solar Signs New Sales Contracts Of Approximately One Billion Dollars
Marlboro MA (SPX) May 23, 2008 Evergreen Solar has announced it has signed two new long-term sales contracts. Yesterday, Evergreen Solar and German-based Ralos Vertriebs GmbH signed an agreement valued at approximately $750 million for panel deliveries beginning in 2008 and extending through 2013. Combined with another agreement signed last week with a United States-based installer, Evergreen has new contractual backlog of approximately $1 billion. The solar panels for these two contracts will be manufactured at the company's Devens, Massachusetts facility, which will begin panel production in July, and represent approximately 35 percent of the expected 160MW of annual production capacity at Devens through 2013. In addition to these two new contracts, Evergreen Solar has six other customer contracts with a current total backlog of approximately $850 million, which will primarily be supplied by EverQ, its German-based joint venture. "We offer our customers a long-term value proposition because our string ribbon technology consumes less than half of the polysilicon as compared to the industry average, which enables us to provide a unique combination of cost and cell conversion efficiency," said Richard M. Feldt, Evergreen Solar's president and chief executive officer. "We will enter into selective long-term supply agreements with additional companies that also bring differentiated value to their customers and serve markets that are at the forefront of solar growth." Related Links Evergreen Solar All About Solar Energy at SolarDaily.com
Solar Energy Valuable As Hedge Against Future Utility Rate Volatility
San Mateo CA (SPX) May 23, 2008Tioga Energy has released a report that makes a case for solar energy as a cost saving hedge against future increases in electric utility rates. The report, titled "Hedging Against Utility Rate Fluctuations with a Solar PPA" details the rise in energy rates in California since 1970, and gauges the potential for rate increases in the years to come. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
