October 17, 2008

Evergreen Solar Announces Two New Long-Term Sales Contracts

Evergreen Solar has signed two new long-term sales contracts totaling more than 160MW. The first contract is with Mainstream Energy and AEE Solar, while the second is with a general trading company based in Japan.

The combined contracts extend the company's total contractual backlog to more than 1GW. Shipments under these contracts will begin in 2009 and continue through 2012.

The solar panels for these two contracts will be produced at the company's Devens, Massachusetts, facility and at the company's next scheduled factory. With these contracts, the Devens facility has now sold 100% of its 160MW manufacturing capacity from 2010 and beyond.

Richard Feldt, Evergreen Solar's chairman, president and CEO, said: "Despite the current uncertainty in the financial markets and concerns regarding the availability of credit to fund major projects, the demand for our products among our customers remains strong."