Evergreen Solar, Q-Cells and REC Are Equal Partners in EverQ

Marlboro, Massachusetts; Thalheim, Saxony-Anhalt, Germany; and Hovik, Norway [RenewableEnergyAccess.com] German regulatory authorities have approve previously announced EverQ partnership agreements in which Evergreen Solar, Inc., Q-Cells AG and Renewable Energy Corporation ASA (REC) are to share equally in the net income generated by EverQ, which manufactures solar modules in Thalheim, Germany. The partnership intends to grow the EverQ business to approximately 10 times the size of its first facility, generating 300 megawatts (MW) of solar production by 2010. In the third quarter of 2006, EverQ’s first factory ramped to full production capacity of 30 MW. EverQ’s second factory (EverQ-2) is on track to begin production in the second quarter of 2007, and is expected to reach its full capacity of 60 MW by the end of 2007.

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