Evergreen inks $100M deal

Evergreen Solar (Nasdaq:ESLR), a manufacturer of solar power products, today announced that it has entered into a four-year supply contract with Mainstream Energy, LLC, which has systems integration and distribution subsidaries involved in the sales, distribution and installation of residential and commercial solar electric systems nationwide.

Under the terms of the agreement, Evergreen Solar will ship approximately $100 million of photovoltaic modules to Mainstream Energy over the next four years.

Evergreen says this deal is further affirmation of the proprietary, low-cost String Ribbon(TM) wafer technology at the heart of its cells.

The Mainstream sales agreement is Evergreen Solar's sixth major contract in the past 12 months. The value of these six contracts totals more than $700 million over the next five years. The photovoltaic modules will be manufactured at Evergreen Solar's plant in Massachusetts and at EverQ's German factory, which is currently being expanded. EverQ is a strategic partnership between Evergreen Solar, Q-Cells AG of Germany and Renewable Energy Corp. (REC) of Norway.

For more information:

www.evergreensolar.com

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