Showing posts with label Evergreen Solar. Show all posts
Showing posts with label Evergreen Solar. Show all posts

Friday, September 11, 2009

Evergreen Solar's new line of solar panels for off-grid market

MARLBORO, USA: Evergreen Solar Inc., a manufacturer of STRING RIBBON solar power products with its proprietary, low-cost silicon wafer manufacturing technology, introduced its new ES-C Series solar panels, designed to substantially expand the company’s offering for the global off-grid market.

This new line of 80, 120 and 125 W panels will be manufactured by Evergreen Solar’s contract manufacturing partner, Jiawei Solarchina Co. Ltd, using cells supplied by Evergreen Solar.

The ES-C Series of panels are suitable for direct 12, 24 or 48V battery charging in a wide variety of off-grid applications. The panels provide higher voltages for superior battery charging performance, particularly in hotter climates. Similar to the current line of Evergreen Solar panels serving on-grid markets, the ES-C line of panels deliver more electricity with the least environmental impact of any silicon based solar panel currently available.

“The ES-C Series enables Evergreen Solar to capitalize on the expanding off-grid solar market and further positions the company as a leader in the global solar industry,” said Dr. Terry Bailey, Senior Vice President, Marketing and Sales.

“Like all Evergreen Solar products this product line has been designed with differentiating performance characteristics to distinguish them from commodity-like competitors and provides better battery charging capability than other major brands. At the same time, we are proud to lead the industry in environmental credentials with the smallest carbon footprint and the quickest energy payback of any silicon-based panel available today.”

The ES-C Series panels are constructed with conduit-ready, multi-configuration junction boxes for easy, flexible installation. The panel’s double-walled, high-strength frame allows it to withstand the harshest of wind or snow conditions.

The panels are also designed to fully comply with UL 1703 (for US and Canada) and IEC standards (approval pending) and carry with them a five-year workmanship and 25-year power warranty. Evergreen is accepting orders now for initial shipments beginning in October.

Sunday, September 6, 2009

Evergreen Solar showcases solar power at Deutsche Bank Championship

MARLBORO & NORTON, USA: Evergreen Solar, a manufacturer of STRING RIBBON solar power products with its proprietary, low-cost silicon wafer manufacturing technology, announced that a solar power system using Evergreen Solar panels has been installed on the grounds of the TPC Boston in Norton for the 2009 Deutsche Bank Championship, a PGA TOUR Playoff event.

The goal of incorporating solar energy into the Deutsche Bank Championship is to highlight the importance of solar energy and its potential to help meet the nation's energy needs while addressing concerns about the environment and global warming.

The solar installation is part of the Deutsche Bank Championship’s overall greening initiative through which, for the second consecutive year, the tournament is the only carbon-neutral event on the PGA TOUR.

“We’re thrilled to be involved with the Deutsche Bank Championship and the PGA TOUR on its biggest stage – the PGA TOUR Playoffs,” said Dr. Terry Bailey, Evergreen Solar’s senior vice president of marketing & sales. “We commend the Deutsche Bank Championship for its commitment to being the greenest event on the PGA TOUR and are proud to be able to contribute clean, solar energy to help make that possible.”

The solar system, which is housed between the ninth green and 10th tee box on the TPC Boston course, demonstrates to the public a typical photovoltaic (PV) system that produces enough energy to power the average American home. The energy produced by the installation will be put back into the local power grid to help offset some of the power used throughout the Championship.

“We take great pride in being the first and only carbon-neutral event on the PGA TOUR,” said Eric Baldwin, Deutsche Bank Championship Director. “We’re excited to partner with Evergreen Solar in order to not only offset our power consumption throughout Championship Week but also demonstrate the benefits of solar power.”

All of the solar panels for the installation were donated by Evergreen Solar. Evergreen panels deliver more electricity with less impact on the environment including the smallest carbon footprint and quickest energy payback of any silicon panel. Alteris Renewables, the Northeast’s leading installer for homes, businesses and organizations, donated and oversaw the system design and installation materials and services.

Tuesday, September 1, 2009

Evergreen Solar and Jiawei Solar hold ceremonial groundbreaking at Wuhan plant

MARLBORO, USA & WUHAN, CHINA: In a ceremony at Wuhan, China, Evergreen Solar Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer technology, and its contract manufacturing partner, Jiawei Solarchina Co., celebrated the groundbreaking for their new 100 megawatt manufacturing plants.

Evergreen Solar Chairman, President and CEO Richard M. Feldt was joined by Qing-Quan Lo, Hubei Province party leader; Hong-Zhong Li, Governor of Hubei Province; Song Yang, Wuhan City party leader; Chen-Fa Ruan, Wuhan City Mayor and other high ranking government officials as well as Professor Ding Kongxian, chairman of Jiawei Solarchina Co., Ltd., and senior management from Jiawei and the Hubei Science & Technology Investment Co. for the ceremony celebrating the start of the plant’s construction, which actually began in July of 2009. Construction is on schedule to be completed by spring 2010.

These manufacturing plants are part of an agreement between Evergreen Solar and Jiawei through which Evergreen Solar will manufacture String Ribbon wafers using its state-of-the-art Quad furnaces at this leased facility being built on Jiawei’s campus. Jiawei will convert the String Ribbon wafers into Evergreen Solar-branded panels on a contract manufacturing basis.

"Today represents an important step in the growth of Evergreen Solar," said Feldt. "When you combine Evergreen Solar’s unique wafer technology and Jiawei’s high quality, cost efficient cell and panel conversion processes, we believe we have a winning formula that will produce the best performing and lowest cost multi-crystalline solar panels in the world.

"We’re extremely pleased that construction proceeds according to schedule and look forward to beginning production of our String Ribbon solar panels in the spring of 2010."

Tuesday, August 4, 2009

Evergreen Solar signs contract manufacturing agreement with Jiawei Solar

MARLBORO, USA & WUHAN, CHINA: Evergreen Solar Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer technology, recently finalized its agreements with Jiawei Solarchina Co. Ltd and the Wuhan Government’s Hubei Science & Technology Investment Co. Ltd.

Under these agreements:

* Evergreen Solar will manufacture String Ribbon wafers using its state-of-the-art Quad furnaces at a leased facility being built by Jiawei in Wuhan, China on Jiawei’s campus.

* Jiawei will convert the String Ribbon wafers into Evergreen Solar-branded panels on a contract manufacturing basis.

* Evergreen Solar will reimburse Jiawei for its cell and panel conversion costs, plus a contract manufacturing fee. The actual price paid to Jiawei will be negotiated annually.

* Evergreen Solar will invest $17 million in cash and equipment in the Wuhan String Ribbon operation. HSTIC will provide Evergreen Solar $33 million of 7.5 percent financing, which Evergreen Solar must repay no later than July 2014. Jiawei will make a similar investment for its cell and panel operations with the support of HSTIC.

* Initial capacity will be approximately 100 MW. Factory construction has begun and the parties expect that wafer, cell and panel production will begin in the spring of 2010.

* The parties intend to expand production capacity of their respective manufacturing operations to approximately 500 MW by 2012, the timing and extent of any potential expansion will be determined in 2010.

* Evergreen Solar and Dynamic Green Energy, Ltd Jiawei’s parent company, have agreed to exchange warrants representing 1 percent of their outstanding shares. These warrants will have a five-year term and may be exercised for 20% of the warrant shares for each incremental 95 MW of production capacity achieved.

“Our String Ribbon wafer technology, combined with Jiawei’s low-cost manufacturing capabilities, should enable our products to stand out distinctly among customers seeking both value and dependability for their solar energy solutions,” commented Richard M. Feldt, Chairman, President and CEO.

“As we reach the 25 MW quarterly capacity by the end of 2010, we expect total manufacturing costs of our String Ribbon panels produced in China to be in the range of $1.40 per watt to $1.50 per watt with both companies working aggressively to further improve technological performance as well as reduce manufacturing costs.

“Our mutual goal is to drive conversion efficiency and manufacturing performance so that panels are produced at the $1.00 per watt level by no later than 2012.”

Sunday, May 3, 2009

Evergreen Solar announces wafer factory, subcontractor relationship in China

MARLBORO, USA & WUHAN, CHINA:Evergreen Solar Inc., a manufacturer of String Ribbon solar power products with its proprietary, low-cost silicon wafer technology, has entered into a frame agreement with Jiawei Solar (Wuhan) Co. and the Wuhan Donghu New Technology Development Zone Management Committee, which calls for a significant expansion of String Ribbon wafer manufacturing in Wuhan, China.

The parties expect to finalize the terms of the manufacturing relationship over the next 90 days, including obtaining project financing and other approvals and permits, and plan to begin production in the second quarter of 2010.

Under the agreement:
* Evergreen Solar will manufacture String Ribbon wafers using its state of the art Quad furnaces at a leased facility being built in Wuhan, China on Jiawei’s campus.
* Jiawei will process String Ribbon wafers into Evergreen Solar-branded panels on a subcontract basis.
* Evergreen Solar will reimburse Jiawei for its cell and panel conversion costs, plus subcontractor fee. The actual price paid to Jiawei will be negotiated annually.
* The Wuhan government will provide, or coordinate with other Chinese governmental agencies, various incentives, including guarantees necessary to obtain third-party bank or other financing.
* Initial capacity is expected to be approximately 100 MW and the parties intend to expand production capacity to approximately 500 MW by 2012, the timing and extent of which will be determined in 2010.

The establishment of our wafer manufacturing facility and the subcontractor relationship with Jiawei remains subject to the satisfaction of certain conditions, including financing, various import/export and construction permits and the negotiation of definitive agreements between Evergreen Solar and Jiawei.

“We are thrilled about our new relationship with Jiawei and the support that we are receiving from the Wuhan Management Committee, said Richard M. Feldt, Chairman, CEO and President. The cost of our 100 MW wafer facility will be between $40 million and $50 million and we will seek financing for about two thirds of that amount, reducing our portion of initial capital required to approximately $15 million to $20 million.

“Combining our unique low-cost String Ribbon wafer manufacturing technology with Jiawei’s proven low cost manufacturing capabilities will result in a compelling value proposition for our customers and the solar industry. At full capacity of about 25 MW per quarter by the end of 2010, we expect that total manufacturing cost of String Ribbon panels produced in China, including Jiawei’s subcontractor fee, will be in the range of $1.40 per watt to $1.50 per watt.

"As the price of silicon returns to its historic level of about $50 per kilogram and as both companies work together to improve technologies and reduce manufacturing costs, we believe that total manufacturing cost could be reduced to approximately $1.00 per watt by the end of 2012,” Feldt concluded.